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Yesterday·Tue, Apr 21·9 stories from 5 sources
NASA Invests in Small Businesses Innovating for Space and Earth
FINANCE-VC14h ago

NASA Invests in Small Businesses Innovating for Space and Earth

NASA announced over 30 small business awards totaling approximately $16.3 million through its SBIR and STTR programs, aimed at developing innovative technologies for space and Earth. Selected firms will receive funding for projects including advanced propulsion, in-space manufacturing, and weather tracking systems, enhancing capabilities for lunar and Mars exploration while improving life on Earth.

Pentagon officials broadly detail $55 billion drone plan under DAWG
FINANCE-VC15h ago

Pentagon officials broadly detail $55 billion drone plan under DAWG

Pentagon officials announced a $55 billion funding plan for the Defense Autonomous Warfare Group (DAWG), aimed at enhancing drone and autonomy technologies. This represents a 24,070 percent increase over the previous year's budget. The initiative seeks to integrate advanced systems and collaborative autonomy, reflecting a significant shift in defense strategy for fiscal year 2027.

Northrop to invest $2.5B to hasten B-21 production
FINANCE-VC18h ago

Northrop to invest $2.5B to hasten B-21 production

Northrop Grumman will invest $2.5 billion to accelerate B-21 Raider production, with $200 million allocated for this year. The Air Force and Northrop finalized a deal in February to increase production by 25%. Northrop estimates $1.85 billion in capital expenditures this year, aiming for 100 B-21s, potentially increasing to 145. First delivery is set for 2027.

Budget request directs record $338.8 billion to Air Force and Space Force to meet “challenges of today and tomorrow”
FINANCE-VC18h ago

Budget request directs record $338.8 billion to Air Force and Space Force to meet “challenges of today and tomorrow”

The Department of the Air Force has proposed a $338.8 billion budget aimed at enhancing military readiness and modernizing its fleet. This funding increase is intended to address current and future challenges, ensuring that national security threats can be effectively managed and, if required, neutralized. This budget reflects a strategic commitment to defense capabilities.

Payload Field Guide: Golden Dome
FINANCE-VC18h ago

Payload Field Guide: Golden Dome

Golden Dome is a missile-defense system modeled after Israel's Iron Dome, announced by President Donald Trump in January 2025. The Missile Defense Agency approved over 2,000 companies for the $175B program, with Lockheed Martin targeting an on-orbit demo by 2028. The goal is operational capability by January 2029, though experts deem this timeline unrealistic.

CSMC Secures $1.2M Government Grant for Nuclear Microreactor Manufacturing
FINANCE-VC18h ago

CSMC Secures $1.2M Government Grant for Nuclear Microreactor Manufacturing

Canadian Strategic Missions Corporation (CSMC) has secured a $1.2M government grant to lead a project focused on nuclear microreactor manufacturing. This initiative, part of NGen’s Advanced Manufacturing Technology Program, aims to enhance production capacity for LEUNR microreactors, leveraging partnerships with Samuel Automation and Stern Laboratories to ensure reliable, scalable power solutions for defense and remote applications.

Opportunities Beyond the Moon Opened by CLPS
FINANCE-VC21h ago

Opportunities Beyond the Moon Opened by CLPS

NASA's Commercial Lunar Payload Services (CLPS) program aims to launch monthly uncrewed missions to the Moon, fostering a lunar economy. Astroforge CEO Matt Gialich highlighted that their asteroid mining mission, costing $3.5M, relies on CLPS as traditional launch options are prohibitively expensive. Astrobotic and Intuitive Machines also illustrate the growing demand for lunar rideshare opportunities.

Economics of Orbital Data Centers Report: Part 1
FINANCE-VC1d ago

Economics of Orbital Data Centers Report: Part 1

The first part of the Economics of Orbital Data Centers Report analyzes the financial implications of moving data processing to space. It highlights terrestrial bottlenecks that necessitate this shift, emphasizing the potential for orbital data centers to alleviate these issues. This report aims to provide insights into the evolving landscape of space-based computing solutions.

NASA’s 2028 Moon Landing Has A Spacesuit Problem, New Report Says
FINANCE-VC1d ago

NASA’s 2028 Moon Landing Has A Spacesuit Problem, New Report Says

NASA's 2028 Moon landing is jeopardized by spacesuit development delays, as reported by the Office of the Inspector General. Axiom Space remains the sole vendor after Collins Aerospace withdrew. Axiom secured $350M in financing for suit development, co-led by Type One Ventures and Qatar Investment Authority. Future interoperability standards are recommended for Artemis vehicles and suits.

Monday·Mon, Apr 20·3 stories from 3 sources
US Air Force extends A-10 Warthog through 2030
FINANCE-VC1d ago

US Air Force extends A-10 Warthog through 2030

United States Air Force Secretary Troy E. Meink announced the extension of the A-10 Warthog service through 2030, reversing its retirement timeline originally set for 2029. This decision aims to preserve combat power amid increased A-10 involvement in Operation Epic Fury in Iran, including close air support operations and a recent search and rescue mission for downed F-15E airmen.

Montreal’s NorthStar Earth & Space targets NYSE in $300M SPAC merger to fund satellite constellation
FINANCE-VC1d ago

Montreal’s NorthStar Earth & Space targets NYSE in $300M SPAC merger to fund satellite constellation

NorthStar Earth & Space has entered a definitive agreement with Viking Acquisition Corp. I for a $300M SPAC merger to fund its 52-satellite constellation. The deal includes a $30M PIPE led by Cartesian Capital Group. NorthStar aims to enhance its operational capabilities and safeguard orbital environments, with shares expected to trade as NSTR post-merger in Q3 2026.

Army to rely on FMS, reinvesting to ensure helicopter manufacturers stay ‘healthy’
FINANCE-VC1d ago

Army to rely on FMS, reinvesting to ensure helicopter manufacturers stay ‘healthy’

Army senior leaders, including Maj. Gen. Clair Gill, emphasized reliance on foreign military sales (FMS) and reinvestment to sustain production of Apache, Blackhawk, and Chinook helicopters amid declining procurement funding. Recent FMS contracts include 96 Apaches to Poland and 60 Chinooks to Germany, with a significant deal to Greece for Blackhawks valued over $1 billion.

Friday·Fri, Apr 17·5 stories from 3 sources
Army pushes industry to share costs as GE seeks more funding for ITEP testing
FINANCE-VC4d ago

Army pushes industry to share costs as GE seeks more funding for ITEP testing

General Electric Aerospace seeks additional funding for the Improved Turbine Engine Program (ITEP) amid Army calls for industry cost-sharing in testing. Maj. Gen. Clair Gill emphasized the need for manufacturers to contribute financially. ITEP has faced delays, with the Army previously receiving $175 million in FY26 and $63 million in reconciliation funding for development and testing.

Air Force secretary eyes multi-year deals for satellites, aircraft
FINANCE-VC4d ago

Air Force secretary eyes multi-year deals for satellites, aircraft

Department of the Air Force Secretary Troy Meink announced plans for multi-year procurement deals for aircraft and spacecraft to enhance production efficiency. This strategy aims to secure upfront funding for several years, potentially saving 5-15% on unit costs. The approach aligns with the $1.5 trillion defense budget proposal for fiscal 2027, emphasizing long-term commitments from contractors.

Rheinmetall and OHB to Form Joint Venture for German Armed Forces’ Satellite Communications Project
FINANCE-VC5d ago

Rheinmetall and OHB to Form Joint Venture for German Armed Forces’ Satellite Communications Project

Rheinmetall Digital GmbH and OHB SE have received approval from the German Bundeskartellamt to establish a joint venture aimed at competing for a Bundeswehr public procurement contract. This venture will focus on enhancing military satellite communications, acting as the primary systems integrator and main contractor for future projects within the German Armed Forces' satellite communications framework.

Turion Raises $75+ Million Series B to Accelerate U.S. Space Superiority
FINANCE-VC5d ago

Turion Raises $75+ Million Series B to Accelerate U.S. Space Superiority

Turion Space has successfully completed a $75M Series B financing round, led by Washington Harbour Partners, to enhance its spacecraft production capabilities. This funding aims to increase production capacity to a target of 40 spacecraft, positioning Turion to better support U.S. space superiority initiatives and meet growing demand in the aerospace sector.

Axiom Space’s Suit Set to Fly in 2027
FINANCE-VC5d ago

Axiom Space’s Suit Set to Fly in 2027

Axiom Space announced its space suit is set for an in-space test in 2026, with potential deployment on Artemis III or the ISS. The suit features specialized boots for lunar and station environments. CEO Jonathan Cirtain emphasized the responsibility of being NASA's sole suit provider amid increasing competition. Partnerships include Prada and Gu Energy Labs for design and astronaut nutrition.

Thursday·Thu, Apr 16·3 stories from 2 sources
SBQuantum secures $4M USD seed round, names new CEO and expands to the US
FINANCE-VC5d ago

SBQuantum secures $4M USD seed round, names new CEO and expands to the US

SBQuantum closed an oversubscribed $4 million USD seed funding round, marking a significant milestone for the Sherbrooke-based quantum sensor developer. This announcement aligns with the appointment of a new CEO and the establishment of a dedicated US subsidiary aimed at pursuing American defense and government contracts, enhancing its operational footprint in the market.

Voyager Technologies Wins Its First Private ISS Mission
FINANCE-VC5d ago

Voyager Technologies Wins Its First Private ISS Mission

Voyager Technologies secured its inaugural private mission to the ISS, marking a significant entry into the competitive landscape previously dominated by Axiom Space. With NASA's initial five PAMs awarded exclusively to Axiom, the emergence of new players in 2026 indicates a shifting market dynamic. This development highlights the growing interest in commercial ISS operations.

Seraphim Space Aims To Shape Strategy With New Advisory Council
FINANCE-VC5d ago

Seraphim Space Aims To Shape Strategy With New Advisory Council

Seraphim Space announced the formation of a new advisory council aimed at addressing complex industry challenges, including sustainability, regulatory hurdles, and national security. This initiative seeks to enhance strategic direction and foster collaboration across borders. The council's insights will be pivotal in navigating the evolving landscape of the aerospace sector.

Wednesday·Wed, Apr 15·3 stories from 3 sources
Canadian Strategic Missions Corporation awarded $400K in Aqualunar Challenge
FINANCE-VC6d ago

Canadian Strategic Missions Corporation awarded $400K in Aqualunar Challenge

Canadian Strategic Missions Corporation received a $400,000 grand prize from the Canadian Space Agency (CSA) as part of the Aqualunar Challenge. This initiative, in collaboration with the Privy Council Office’s Impact Canada Initiative, aims to foster innovative solutions for lunar exploration. CSMC's achievement highlights the growing support for Canadian contributions to space technology development.

Blue Origin has a new employee stock plan, but not everyone is happy
FINANCE-VC6d ago

Blue Origin has a new employee stock plan, but not everyone is happy

Blue Origin's new employee stock plan aims to enhance liquidity events, though employee sentiment appears mixed. The initiative reflects the company's strategy to incentivize staff while addressing concerns regarding equity distribution. Despite the potential benefits, some employees express dissatisfaction, indicating a need for further clarity and communication about the plan's implications on their compensation and ownership.

ORBX ETF Launches Amid Wave of Space Tech IPOs
FINANCE-VC6d ago

ORBX ETF Launches Amid Wave of Space Tech IPOs

ORBX ETF launched to track companies deriving over 50% of revenue from space tech, encompassing sectors like transportation, software, and satellite data services. This initiative aligns with a broader trend of increasing space tech IPOs, reflecting growing investor interest in the commercial space sector and its diverse applications across various industries. Market dynamics are evolving rapidly.

Tuesday·Tue, Apr 14·6 stories from 2 sources
NASA Administrator Jared Isaacman On Artemis, Budget, And Establishing a Lasting Space Vision
FINANCE-VC7d ago

NASA Administrator Jared Isaacman On Artemis, Budget, And Establishing a Lasting Space Vision

Jared Isaacman, NASA Administrator, emphasized the importance of financial modeling in shaping the agency's budget for Artemis. He noted the enthusiasm of the scientific community but questioned their experience in budget execution. Isaacman's insights highlight the need for a sustainable financial strategy to support long-term space exploration goals and ensure effective resource allocation.

CLD Companies Say NASA Is Wrong. NASA Says Prove It.
FINANCE-VC7d ago

CLD Companies Say NASA Is Wrong. NASA Says Prove It.

CLD providers, including Isaacman, expressed disagreement with NASA's recent statements regarding their capabilities. Isaacman challenged the agency to substantiate its claims, indicating a contentious relationship between commercial launch developers and NASA. This exchange highlights ongoing tensions in the evolving landscape of commercial spaceflight and regulatory oversight, particularly in the context of CLD operations and expectations.

Slingshot Introduces AI-Powered Portal Platform
FINANCE-VC7d ago

Slingshot Introduces AI-Powered Portal Platform

Slingshot Aerospace unveiled an AI-powered portal platform designed for anomaly detection and decision-making. This integrated solution aims to streamline operations for users, enhancing situational awareness and response capabilities. The platform's capabilities leverage advanced algorithms to provide insights, potentially transforming operational workflows in aerospace sectors. Further details on implementation and partnerships remain to be disclosed.

ICON Prime Launches, Led By Former TX Rep
FINANCE-VC7d ago

ICON Prime Launches, Led By Former TX Rep

ICON announced the launch of ICON Prime, a new business unit focused on collaboration with the Pentagon and NASA. This initiative aims to leverage robotic construction technologies for potential applications in defense and space sectors. The establishment of ICON Prime reflects a strategic move to enhance partnerships within government agencies, emphasizing ICON's commitment to innovative construction solutions.

Rheinmetall and Destinus to Form Joint Venture for the Development of Advanced Missile Systems
FINANCE-VC8d ago

Rheinmetall and Destinus to Form Joint Venture for the Development of Advanced Missile Systems

Rheinmetall and Destinus are forming a joint venture, Rheinmetall Destinus Strike Systems, aimed at developing advanced missile systems. This collaboration will focus on the manufacture, marketing, and delivery of various missile technologies, including cruise missiles and ballistic rocket artillery. The venture signifies a strategic move in the defense sector, enhancing capabilities in missile technology.

Exclusive: Vast Debuts Flight Suit For Haven-1, Private Astronaut Missions
FINANCE-VC8d ago

Exclusive: Vast Debuts Flight Suit For Haven-1, Private Astronaut Missions

Vast's new flight suit for Haven-1 aims to enhance private astronaut missions, reflecting a trend towards more functional designs. The suit features cargo pants, emphasizing practicality for space travelers. This development aligns with the growing interest in commercial spaceflight and the need for specialized apparel. Further details on technical specifications and mission integration remain undisclosed.

Monday·Mon, Apr 13·5 stories from 3 sources
“SpaceX and the biggest IPO in history”
FINANCE-VC8d ago

“SpaceX and the biggest IPO in history”

Chris Forrester discusses Elon Musk's plans for an Initial Public Offering (IPO), highlighting its potential to be the largest in history. The article reflects on the implications for SpaceX and its future endeavors, particularly in the context of the commercial space sector. The focus remains on financial aspects rather than specific technical developments or missions.

Sophia Space and Kepler Sign Agreement to Demo ODC Tech
FINANCE-VC8d ago

Sophia Space and Kepler Sign Agreement to Demo ODC Tech

Sophia Space's agreement with Kepler marks its inaugural chance to validate orbital-data-center software in space. This collaboration aims to demonstrate the capabilities of Sophia's technology, potentially enhancing data management for satellite operations. The initiative reflects a growing interest in innovative data solutions within the aerospace sector, aligning with trends in space technology advancements.

Atomic-6 Launches Orbital Data Center Marketplace
FINANCE-VC8d ago

Atomic-6 Launches Orbital Data Center Marketplace

Atomic-6 launched ODC.Space, an orbital data center marketplace designed to streamline access to orbital compute resources. This initiative aims to simplify procurement, allowing users to secure services with a straightforward

Sateliot Targets €100 Million in Series C Round to Finance Deployment of its 5G Satellite Constellation
FINANCE-VC9d ago

Sateliot Targets €100 Million in Series C Round to Finance Deployment of its 5G Satellite Constellation

Sateliot has initiated a €100 million Series C financing round aimed at deploying its 5G satellite constellation. The funding structure is primarily equity-based, with potential for additional debt. The company anticipates closing this round by summer, which will significantly bolster its efforts in expanding satellite-based 5G connectivity across various regions.

Hawkeye 360 Files For IPO
FINANCE-VC9d ago

Hawkeye 360 Files For IPO

Hawkeye 360 has filed for an IPO, joining other defense-oriented space companies in pursuit of public funding. This move aims to enhance capital access amid the expanding demand for RF data and analytics services. The company's transition to a public entity reflects broader trends within the defense sector, emphasizing the increasing importance of space-based technologies.

Friday·Fri, Apr 10·4 stories from 3 sources
How to watch NASA’s Artemis II splash back down to Earth
FINANCE-VC11d ago

How to watch NASA’s Artemis II splash back down to Earth

NASA's Artemis II mission has traveled farther from Earth than any mission before. Here's how to watch the crew's return landing in the Pacific Ocean.

Pentagon, Lockheed Martin agree to $4.7 billion PAC-3 interceptor deal
FINANCE-VC11d ago

Pentagon, Lockheed Martin agree to $4.7 billion PAC-3 interceptor deal

Lockheed Martin secured a $4.7 billion contract with the Pentagon to accelerate production of the PAC-3 Missile Segment Enhancement interceptor. This agreement aims to increase annual production from 600 to 2,000 units over seven years, enhancing capabilities against various threats. The deal follows a framework agreement established in January, reflecting growing military demands for advanced interceptors.

Moog’s “Tip to Tail” Contributions to the Artemis II Flight
FINANCE-VC11d ago

Moog’s “Tip to Tail” Contributions to the Artemis II Flight

Moog supplies over 100 hardware components for the Artemis II mission, integrating into the Orion system. Their contributions span the entire vehicle, enhancing performance and reliability. This extensive involvement underscores Moog's critical role in supporting NASA's lunar exploration objectives. The collaboration reflects a commitment to advancing aerospace technology and ensuring mission success through robust engineering solutions.

Artemis II Gives Airbus Hope For European Spaceflight
FINANCE-VC12d ago

Artemis II Gives Airbus Hope For European Spaceflight

Airbus Defence and Space's European Service Module (ESM) is integral to Artemis II's Orion spacecraft, enhancing European contributions to spaceflight. Built in Bremen, Germany, the ESM signifies a collaborative effort with ESA. This partnership may bolster Airbus's position in the competitive aerospace market, particularly as international missions expand.

Thursday·Thu, Apr 9·2 stories from 1 source
Portal Closes $50M Series A
FINANCE-VC12d ago

Portal Closes $50M Series A

Portal secured a $50M Series A funding round, led by Geodesic Capital and Mach33. Additional investors included Booz Allen Ventures, Ark Invest, AlleyCorp, and FUSE. This capital infusion aims to enhance Portal's capabilities in the evolving tech landscape, positioning it for future growth and innovation in its sector. Strategic partnerships are expected to follow.

The State of Launch 2026
FINANCE-VC12d ago

The State of Launch 2026

Brian Rogers, Rocket Lab's VP of launch, emphasized the importance of capability gates in the Golden Dome program, stating that meeting deadlines is crucial for maintaining competitiveness in the launch sector. He noted that constraints can significantly influence which companies succeed or fail in securing launch opportunities, highlighting the critical nature of timely access to space.

Wednesday·Wed, Apr 8·1 story from 1 source
PLD Space Secures €30 Million European Investment Bank Loan
FINANCE-VC14d ago

PLD Space Secures €30 Million European Investment Bank Loan

PLD Space secured a €30 million loan from the European Investment Bank (EIB), following a €180 million Series C funding round. The company is preparing for the inaugural flight of its MIURA 5 rocket, scheduled for later this year. This financing will support the development and operational readiness of the launch vehicle in the competitive market.

Friday·Fri, Mar 27·1 story from 1 source
Aetherflux reportedly raising Series B at $2 billion valuation
FINANCE-VC25d ago

Aetherflux reportedly raising Series B at $2 billion valuation

Aetherflux is reportedly raising a $250 million to $350 million Series B funding round, with Index Ventures leading the investment. This round values the company at approximately $2 billion. The capital will likely support Aetherflux's ongoing development in the aerospace sector, enhancing its position in the competitive landscape of space technology startups.

Friday·Fri, Mar 20·1 story from 1 source
Jeff Bezos’ Blue Origin enters the space data center game
FINANCE-VC32d ago

Jeff Bezos’ Blue Origin enters the space data center game

Blue Origin, founded by Jeff Bezos, seeks U.S. approval for “Project Sunrise,” a network of over 50,000 satellites to serve as an orbital data center. This initiative aims to alleviate pressure on terrestrial resources by utilizing solar energy. Competing efforts include SpaceX's million-satellite plan and Google's Project Suncatcher, highlighting the growing interest in space-based computing solutions.

Tuesday·Tue, Feb 10·1 story from 1 source
Stoke Space Technologies Extends Previously Announced Series D Financing to $860 Million
FINANCE-VC70d ago

Stoke Space Technologies Extends Previously Announced Series D Financing to $860 Million

Stoke Space Technologies announced an extension of its Series D financing, increasing the total raised to $860 million. This funding will support the development of its fully and rapidly reusable medium-lift launch vehicles. The financing extension reflects investor confidence in Stoke's innovative approach to launch solutions and its potential impact on the aerospace industry.

Wednesday·Wed, Nov 5·1 story from 1 source
Firefly Aerospace Closes Acquisition of SciTec National Security Technology Company
FINANCE-VC167d ago

Firefly Aerospace Closes Acquisition of SciTec National Security Technology Company

Firefly Aerospace has successfully completed its acquisition of SciTec, Inc., enhancing its strategic growth plan. This acquisition integrates mission-proven defense software, advanced big data processing capabilities, and state-of-the-art classified facilities into Firefly's operations. The deal positions Firefly as a stronger player in the space and defense technology sectors, furthering its commitment to national security solutions.

Monday·Mon, Sep 8·1 story from 1 source
Space DOTS raises $1.5M seed round to provide insights on orbital threats
FINANCE-VC225d ago

Space DOTS raises $1.5M seed round to provide insights on orbital threats

Space DOTs announced a $1.5M seed funding round led by Female Founders Fund to enhance its SKY-I platform for detecting orbital threats. Founded by Bianca Cefalo, the company aims to provide real-time environmental data for spacecraft, addressing failures caused by misunderstandings of space conditions. Total funding now stands at $3.2M with additional investors including General Electric Company.

Thursday·Thu, Jul 3·1 story from 1 source
Castelion is raising a $350M Series B to scale hypersonic missile business
FINANCE-VC292d ago

Castelion is raising a $350M Series B to scale hypersonic missile business

Castelion is raising a $350 million Series B led by Lightspeed Venture Partners and Altimeter Capital to scale its hypersonic missile business. This follows a $100 million Series A round. The company aims to deliver low-cost hypersonic missiles, competing against established defense contractors like Lockheed Martin and Northrop Grumman, with a prototype expected in early 2026.

Friday·Fri, Feb 7·1 story from 1 source
Are companies falling out of love with OpenAI?
FINANCE-VC438d ago

Are companies falling out of love with OpenAI?

Figure announced its departure from a partnership with OpenAI, opting to develop in-house AI models instead. CEO Brett Adcock hinted at a “major breakthrough” in humanoid robotics. Meanwhile, Stanford and the University of Washington researchers showcased a low-cost alternative to OpenAI’s models, demonstrating a shift in the AI landscape towards more affordable solutions.

Wednesday·Wed, Jan 15·1 story from 1 source
Stoke Space Announces $260 Million in New Investment
FINANCE-VC461d ago

Stoke Space Announces $260 Million in New Investment

Stoke Space announced a significant funding milestone, raising $260 million in a Series C investment round aimed at advancing its development of 100% reusable medium-lift rockets. This capital infusion will support ongoing growth and innovation initiatives within the company, reinforcing its position in the competitive launch vehicle market as it seeks to revolutionize space access.

Monday·Mon, Jan 6·1 story from 1 source
Toyota is ‘exploring rockets’ and has made its first investment into Interstellar Technologies
FINANCE-VC470d ago

Toyota is ‘exploring rockets’ and has made its first investment into Interstellar Technologies

Toyota is exploring rockets, chairman Akio Toyoda announced at CES 2025, hinting at future space mobility. The company has invested 7 billion yen (approximately $44.3 million) into Interstellar Technologies, a Japanese firm developing small launch vehicles. This investment aims to establish a telecommunications network for Woven City, enhancing connectivity for autonomous vehicles in mountainous terrain.

Thursday·Thu, Aug 15·1 story from 1 source
Lockheed Martin to buy satellite maker Terran Orbital in $450M deal
FINANCE-VC614d ago

Lockheed Martin to buy satellite maker Terran Orbital in $450M deal

Lockheed Martin is acquiring Terran Orbital in a $450 million take-private deal, expected to finalize by year-end. Lockheed will pay $0.25 per share and eliminate Terran's debt. This acquisition marks the first from Lockheed Martin Ventures since its inception in 2007, as Terran faces dwindling cash reserves and a significant backlog reduction from Rivada Space Networks.

Tuesday·Tue, Apr 9·1 story from 1 source
Stoke Space Names Retired U.S. Space Force Lt. Gen. John E. Shaw to Board of Directors, Paul Croci as Chief Financial Officer
FINANCE-VC742d ago

Stoke Space Names Retired U.S. Space Force Lt. Gen. John E. Shaw to Board of Directors, Paul Croci as Chief Financial Officer

Stoke Space has appointed retired U.S. Space Force Lt. Gen. John E. Shaw to its Board of Directors, enhancing its leadership team. Additionally, Paul Croci has been named Chief Financial Officer, bringing financial expertise to the company. These appointments aim to strengthen Stoke Space's mission of developing 100% reusable rockets for future space endeavors.

Thursday·Thu, Oct 5·1 story from 1 source
Stoke Space Announces $100 Million in New Investment
FINANCE-VC929d ago

Stoke Space Announces $100 Million in New Investment

Stoke Space announced a significant milestone on October 5, 2023, securing $100 million in new Series B investment. This funding will be pivotal in advancing the development of the world’s most efficient fully and rapidly reusable rocket, enhancing their capabilities and fostering innovation within the aerospace sector. The investment aims to accelerate growth and technological advancements.