Satellite News

NextGen Acquisition Corp. II announced the closing of its business combination with Vieco USA, Inc., the parent company of Virgin Orbit.

Rocket Lab USA, Inc. announced it has signed a definitive agreement to acquire SolAero Holdings, Inc., a supplier of space solar power products and precision aerospace structures for the global aerospace market, for US$80 million in cash. The acquisition is expected to close in the first quarter of 2022.

Planet Labs Inc. announced the completion of its previously announced business combination with dMY Technology Group, Inc. IV, a publicly traded special purpose acquisition company [SPAC].

Astroscale Holdings Inc. announced it closed its Series F round with additional funding of US$109 million from a group of new investors led by THE FUND Limited Partnership in Japan, with participation from international investors. This is the largest funding round in the company’s history and brings the total amount raised to US$300 million.

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Voyager Space Inc. announced its intent to acquire a majority stake in San Diego-based Space Micro. Space Micro is an engineering-driven business focused on advancing high-performance satellite communications, digital, and electro-optical systems with over 2.7 million hours of space flight heritage.

Voyager Space Inc. announced its intent to acquire a majority stake in San Diego-based Space Micro. Space Micro is an engineering-driven business focused on advancing high-performance satellite communications, digital, and electro-optical systems with over 2.7 million hours of space flight heritage.

Telesat Corporation announced that it is now a public company and will begin trading on the Nasdaq Global Select Market (“NASDAQ”) and the Toronto Stock Exchange (“TSX”) under the ticker symbol “TSAT.”

Rocket Lab USA has signed a definitive agreement to acquire Planetary Systems Corporation (PSC), a Maryland-based spacecraft separation systems company, for US$42 million in cash and 1,720,841 shares of the company’s common stock, plus the potential for an additional 956,023 shares of common stock for a performance earnout based on PSC’s CY 2022 and 2023 financial results. The acquisition is expected to close in the fourth quarter of 2021.

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