Finance

Space tech startup Scout has closed a bridge funding round led by Decisive Point, bringing total capital raised to $1.5 million. The Virginia Innovation Partnership Corporation and Geospatial Alpha participated in the round as well. Scout did not share the specific amount of money raised.  Scout, founded in 2019, is developing space traffic management and...

SpaceChain has opened a new office in Abu Dhabi as it looks to tap into markets in the Middle East, the company announced March 16. SpaceChain will look to spearhead the planning and development of integrated space-blockchain projects and initiatives in the Middle East and North Africa (MENA) region. SpaceChain MENA will collaborate closely with...

Kymeta has closed on additional equity funding of approximately $84 million, making Kymeta nearly fully funded. Bill Gates led the funding, with participation from Hanwha Systems and other investors.  Bill Gates first invested in Kymeta in 2012, and South Korean defense company Hanwha Systems first invested in 2020.  The satellite antenna company said this investment...

Canadian manufacturer MDA is building a new global headquarters housing a space robotics facility in Brampton, Ontario. The 200,000 square-foot building will feature the Space Robotics Centre of Excellence, state-of-the-art labs, manufacturing, R&D, and assembly, integration and test facilities. MDA is investing $100 million into the project and said the facility will employ 700 high-skill...

Former astronaut Tim Kopra has joined OneWeb Technologies as president to lead the company’s growth strategy. OneWeb Technologies, formerly TrustComm, is OneWeb’s U.S. proxy focused on serving Five Eyes governments.  Kopra was previously vice president for Robotics and Space Operations at Canadian manufacturer MDA. He was also formerly an engineer and astronaut at NASA and...

Space simulation startup Slingshot Aerospace closed a $25 million Series A-1 funding round, the company announced Thursday. Draper Associates, the venture capital of Tim Draper and ATX Venture Partners led the round. Other investors included Edison Partners, Embedded Ventures, Valor Equity Partners, Lockheed Martin Ventures, and previous investors Revolution’s Rise of the Rest Fund, Okapi...

Spire Global posted $43.4 million in revenue for 2021, beating its revised full year guidance of revenue between $40 million and $42 million. This represents a 52% increase over 2020 revenues.  Spire released its first full-year fiscal results after becoming a public company on Wednesday. The company, which has a constellation of radio frequency-monitoring satellites,...

Globalstar has appointed former AT&T Exec Dave Haight to be its new vice president of IoT, the company announced March. 8. Haight joins Globalstar after working on developing the IoT business at AT&T as well as other companies. Haight served as vice president of business development for AT&T’s Mobility Emerging Devices Organization, where he initiated...

Satellite ground technology company SatixFy is in the process of going public through a special purpose acquisition company (SPAC) deal with Endurance Acquisition Corp. The deal, announced Tuesday, will make SatixFy a publicly traded company with an $813 million valuation.  SatixFy, headquartered in Israel, is a vertically integrated fabless semiconductor chip company that offers products...

Weather intelligence company Tomorrow.io’s SPAC merger is off. Tomorrow.io and special purpose acquisition company (SPAC) Pine Technology Acquisition Corp. announced Monday that they have agreed to terminate their merger agreement “due to market conditions.”  According to filings with the Securities and Exchange Commission (SEC), Tomorrow.io has agreed to pay the company $1.5 million as part...