Though somewhat overshadowed by its Softbank-fuelled OneWeb merger the week before, Intelsat’s Kymeta investment signals a vertical integration strategy that could point to the future direction of the industry. Whereas barriers to entry such as orbital slots and spectrum meant a lack of competitive differentiation didn’t matter so much in the past, rising competition and availability of capacity in the satellite market are increasingly weighing on prices and...
Rocket Lab is in talks with Lockheed Martin for additional investment after raising US$75m in a series D round. Rocket Lab, which is headquartered in California with a launch site in New Zealand, has raised US$148m to date in deals that CEO Peter Beck said values the company at US$1bn.
Spanish balloon-based launcher Zero 2 Infinity has raised more than €1m (US$1.07m) through new domestic and foreign investors. The funding comes on the heels of the first successful launch of Bloostar, the venture’s stratospheric launch vehicle for satellites, from the edge of space.
Firefly Space Systems’ assets will be sold in an auction tomorrow despite the smallsat launch startup recently saying customer commitments ensured it could keep running through 2021. 'Virtually all' the assets of the nascent launcher, which ran into financial headwinds late last year, will be disposed in a public auction in Menlo Park, California, a public notice states.