Globalstar, one of the original LEO constellation operators, has ordered 17 new satellites – the first such activity in a decade. On 24 February, the US operator contracted with recently independent Canadian manufacturer MDA Corp for the new satellites to ensure...
American aerospace and defence mainstay Lockheed Martin has stopped its planned purchase of Aerojet Rocketdyne, as announced on 13 February. Lockheed proposed its purchase of its fellow industry participant in December 2020 but ran into issues concerning...
Italian “space logistics” company D-Orbit announced its plan go public through a SPAC (Breeze Holdings Acquisition Corp) merger on 27 January 2022. The process is expected to complete quickly – anticipated close is in Q3 2022 – and will see the...
American “Space infrastructure” company Loft Orbit raised US$140 million in funding in December. Its largest fundraising round to date was led by BlackRock, the world’s largest asset manager and renowned for its investment in the space industry. Loft Orbital...
In November 2021 Rocket Lab announced its intention to purchase Planetary Systems Corporation (PSC), an American provider of spacecraft separation systems. This deal was for US$42m and completed on 1 December. Later in December Rocket revealed another purchase,...
Completing a process which began July this year Planet Labs has merged with a Special Purpose Acquisition Company (SPAC), becoming Planet Labs PBC (Planet). This new or “surviving” entity is publicly traded on the New York Stock Exchange (NYSE) as of 8...
