Space industry
Russia’s Luna-25 spacecraft suffers technological glitch in pre-landing maneuver
A Soyuz-2.1b rocket booster with a Fregat higher stage and the lunar landing spacecraft Luna-25 blasts off from a launchpad at the Vostochny Cosmodrome in the far japanese Amur area, Russia, Aug. 11, 2023. Roscosmos | Through Reuters Russia reported an “abnormal situation” Saturday on its moon-sure Luna-25 spacecraft, which launched previously this month. The […]
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SpaceX reportedly turned a profit in the first quarter
A Falcon Heavy rocket launches the USSF-67 mission from NASA’s Kennedy Space Center in Florida, Jan. 15, 2023. SpaceX SpaceX turned a profit during the first quarter due to surging revenue, The Wall Street Journal reported Thursday, citing documents detailing the privately held company’s quarterly and annual results. The Journal reports that SpaceX posted a […]
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UK defense contractor BAE buying Ball’s aerospace division for $5.6 billion
The Ball Aerospace-manufactured Weather System Follow-on-Microwave (WSF-M) satellite for the U.S. Space Force. Ball Corporation Ball Corporation agreed to sell its aerospace division to U.K. defense contractor BAE Systems for $5.6 billion in cash, the companies announced on Thursday. The deal is expected to close in the first half of next year, pending regulatory approval. […]
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Telesat stock surges 50% after satellite internet company swaps suppliers to save $2 billion
A rendering of Telesat’s low earth orbit broadband constellation Telesat Shares of Canadian telecommunications satellite operator Telesat surged on Friday after the company announced it would swap suppliers for its planned Lightspeed global internet network. Canadian space company MDA will now build the Lightspeed satellites, taking the place of French-Italian manufacturer Thales Alenia Space and […]
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Virgin Galactic launches tourists to space for the first time
[The livestream is slated to begin at 11 a.m. ET. Please refresh the page if you do not see the video player above.] Virgin Galactic flew its second commercial spaceflight on Thursday, its first carrying private-paying tourists. Called Galactic 02, the flight launched from Spaceport America in New Mexico. The company’s spacecraft was flown by […]
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Viasat revenue grows as investigation continues into malfunctioning $750 million satellite
Viasat offices are shown at the company’s headquarters in Carlsbad, California, March 9, 2022. Mike Blake | Reuters Viasat reported a jump in quarterly revenue Wednesday, as the company continues to investigate its recent satellite malfunction and explores options to make up for some of the service it expected to add this year. The company, […]
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Rocket Lab results match Wall Street estimates, company adds contracts for 10 launches
Rocket Lab on Tuesday reported second-quarter results that largely met Wall Street’s expectations, and the company said it added contracts for 10 more launches in 2023 and 2024. “The second quarter saw strong performance across Rocket Lab’s launch and space systems businesses with three successful Electron [rocket] launches, more than 17 spacecraft featuring Rocket Lab […]
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Billionaire Charlie Ergen merging Dish and EchoStar to expand mobile and satellite telecom empire
Charles Ergen, chairman and co-founder of Dish Network Corp Jonathan Alcorn | Bloomberg | Getty Images Billionaire Charlie Ergen is consolidating his telecom empire, merging his satellite and broadband services companies Dish Network and EchoStar in an all-stock deal. “This is a strategically and financially compelling combination that is all about growth and building a […]
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Space company Redwire trims quarterly losses, builds order backlog past $270 million
A Redwire Corporation banner is displayed at the New York Stock Exchange, Sept. 8, 2021. Source: NYSE Space infrastructure company Redwire said Monday that it nearly erased its net losses during the second quarter and further grew its contract backlog. Redwire brought in $60.1 million in second-quarter revenue, up 64% from the same period a […]
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Boeing resets Starliner plan to be ready for first NASA crew flight by March
Boeing’s Starliner spacecraft is seen before docking with the International Space Station on May 20, 2022 during the uncrewed OFT-2 mission. Boeing Boeing said Monday it aims to be ready to fly NASA astronauts with its Starliner capsule for the first time by March, resetting its timeline after the company delayed a planned launch this […]
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