Finance

NewSpace Capital closed its first space-focused growth fund at 105 million euros ($111.8 million) and is investing 15 million euros ($16 million) in Cailabs, the company announced Dec. 15. NewSpace Capital is a Luxembourg-based private equity fund dedicated to space-focused technology investments. Archean Capital Partners, a U.S. fund dedicated to investing in emerging fund managers with...

Arqit Quantum is canceling its plans to build quantum satellites, announcing Wednesday its software technology has progressed and it no longer needed its own in-space assets. Arqit, based in the United Kingdom, is a company that focuses on quantum encryption. Its software QuantumCloud creates encryption keys for zero trust security. The company went public in...

Prime Movers Lab is investing $15 million into Quantum Space (Quantum), the two companies announced Dec. 13. The investment enables Quantum to begin expanding QuantumNet, a cornerstone project aimed to provide data products and digital services for customers from cislunar space. Quantum also plans to close the Series A round of funding by the end...

Euroconsult estimates that more than 2,500 satellites will be launched on average every year between now and 2031, driven by commercial constellations. The consulting firm released its flagship report, Satellites to be Built and Launched, on Monday.  Governments as the customer will remain a large driver of demand. Euroconsult estimates that 72% of market value...

SES Government Solutions has a new name. SES has revealed that it is changing the name to SES Space & Defense, a change in which it says reflects a new strategy and capability. SES announced the name change, Dec. 8, effective immediately. The name change comes after combining SES Government Solutions with the recently acquired...

Sidus Space is planning to expand to Europe by opening a new office in the Netherlands, the company announced Thursday. The company plans to expand its reach in the European market to engage the space ecosystem and promote its business offerings for space-based data. Sidus did not specify a specific location for the office. Internationally,...

Slingshot Aerospace raised $40.85 million in an oversubscribed Series A2 funding round announced Tuesday, to grow and commercialize its space situational awareness capabilities.  CEO and co-founder Melanie Stricklan sees the funding as validation of Slingshot’s mission to  keep space safe and its approach, as the company raised capital despite signs of a global economic downturn. ...

Defense Secretary Lloyd Austin on Dec. 1 established a new U.S. Department of Defense office charged with helping companies that are developing technologies critical to national security partner with private capital to help them get the financing necessary to ensure these technologies transition out of the laboratory and into production. The DoD said that the...

Mangata Networks is to create a new space engineering, manufacturing, and operations hub in Scotland, the company announced Dec. 6. The company said it will create 575 new jobs in the region. The hub will be located at Prestwick International Aerospace Park in Ayrshire. The hub is supported by a funding and assistance package from...

Satellite startup E-Space announced a deal on Monday to acquire CommAgility from the Wireless Telecom Group, Inc. for $14.5 million.  E-Space said CommAgility is the largest stand-alone developer of embedded signal processing and radio frequency (RF) modules. The company has LTE PHY/stack source code for commercial grade 4G and 5G mobile networks, air-to-ground (ATG), and...