Finance

Space startup Outpost, which is developing technology for returnable and reusable satellites, has raised a $7.1 million Series Seed round. Moonshots Capital led the oversubscribed funding round announced Tuesday.  The company, Outpost Technologies Corporation, was founded by former Made in Space co-founder Jason Dunn. The company said it has developed, and flight tested a re-entry...

Via Satellite’s September edition takes an in-depth look at New Zealand’s growing space industry. It also features an interview with Lori Garver about her book “Escaping Gravity,” examines the developing market for space data relay services, and the relationships between telcos and satellite companies.

When Rocket Lab first launched its Ātea-1 rocket in 2009, the company put New Zealand on the map in the space industry. “When Peter Beck and I started the commercial operations of Rocket Lab in 2007, many people didn’t think New Zealand could play a significant role in the international space economy,” says Mark Rocket, an...

Ground software as a service company Atlas Space Operations closed a $26 million Series B funding round, led by Mitsui & Co., Ltd. Atlas announced the round on Thursday.  Other investors in the round include Beringea, and foundational investors: Boomerang Catapult, Rise of the Rest, VCapital, Northern Michigan Angels, Harmonix, Wakestream, and Grand Ventures.  Atlas,...

Satellite technology company SatixFy Communications and special purpose acquisition company Endurance Acquisition Corp. reduced the equity valuation of SatixFy to $365 million. The SPAC partners announced the change in filings to the Securities and Exchange Commission on Aug. 23.  This figure refers to the current, pre-SPAC equity valuation of SatixFy. The company was previously valued...

Greg Wyler-founded startup E-Space has added to its executive team, hiring Gunjan Murarka as CFO and Dalibor Djuran as chief satellite systems engineer.  Murarka joins E-Space from smallsat manufacturer LeoStella, where he was also CFO. He previously worked at Microsoft, Amazon, and Siemens Communications. At E-Space, Murarka will be responsible for financial activities and reporting...

Space companies recognize the need for a diverse workforce and diverse perspectives around the table — yet acknowledge the industry has a way to go on this issue.  “There’s so much data out there on how diverse teams are more effective for problem solving. When I look at any given team or discipline, I don’t want...

Eutelsat Communications named a new president and CEO of its Eutelsat America business on Monday. Richard Mortellaro, who previously served as senior vice president of Sales, Marketing and Fixed Satellite Services at EchoStar, will succeed David Bair who is retiring. Mortellaro will now lead Eutelsat’s U.S. government and military business activities in support of national...

Swedish company Ovzon is targeting launch of its Ovzon 3 satellite between December 2022 and February 2023, the company said in its second quarter financial report on Aug. 18.   Delayed components, including reaction wheels from Honeywell Aerospace, have now been delivered to production partner Maxar Technologies. Ovzon has also delivered its in-house on-board-processor, which has...

Mynaric has hired former SA Photonics exec Mustafa Veziroglu as president and a member of its management board. Veziroglu will oversee development, qualification, and serial production of Mynaric’s laser communications products. Veziroglu will be based in Munich, Germany, and will be responsible for all operational product-related activities within Mynaric overseeing the entire product lifecycle from...