Space industry
Elon Musk’s SpaceX nears $150 billion valuation after secondary share sale
A Starship prototype stands on the company’s launchpad in Boca Chica, Texas on March 16, 2022. SpaceX The valuation of Elon Musk’s SpaceX hit near $150 billion following a share sale by existing investors announced this week, CNBC has learned. SpaceX has an agreement with new and existing investors to sell up to $750 million […]
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Viasat stock plunges after company discloses malfunction in new satellite
A long-exposure photo shows a trail left by SpaceX’s Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023. Viasat Viasat‘s stock dropped in after-hours trading on Wednesday after the company disclosed its most recently launched communications satellite suffered a malfunction. The Carlsbad, California-based company said an “unexpected event occurred” […]
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Jeff Bezos’ Blue Origin rocket engine explodes during testing
A test of a BE-4 engine at the company’s Launch Site One facility in West Texas on Aug. 2, 2019. Blue Origin A Blue Origin rocket engine exploded during testing last month, CNBC has learned, a destructive setback with potential ramifications for the company’s customers as well as its own rocket. During a firing on […]
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Astranis to bring satellite internet to 2 million people in the Philippines next year
A visualization shows an Astranis satellite over the Philippines in orbit. Astranis Astranis, a San Francisco-based company with an alternative approach to providing internet access from satellites, recently signed a deal to provide dedicated service to the Philippines, a first for the archipelago nation. “They are going to use this capacity to connect hospitals, schools […]
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Astra plans a reverse stock split, seeks to raise up to $65 million in offering
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Spacecraft engine manufacturer and small rocket builder Astra plans to conduct a reverse stock split at a 1-to-15 ratio, the company disclosed in a securities filing on Monday Astra also seeks to raise […]
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European telescope launched to hunt for clues to universe’s darkest insider secrets
A SpaceX Falcon 9 rocket, with the European Place Company Euclid place telescope, lifts off from pad 40 at the Cape Canaveral House Force Station in Cape Canaveral, Fla., Saturday, July 1, 2023. The Euclid mission is built to investigate the evolution of the dim universe. John Raoux | AP Photo A European room telescope […]
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CNBC Everyday Open up: The U.S. financial state refuses to buckle
Consumers are witnessed at Entire Meals Current market on Oct 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | Afp | Getty Visuals This report is from today’s CNBC Every day Open, our new, worldwide marketplaces e-newsletter. CNBC Every day Open delivers investors up to speed on every little thing they require to know, no subject […]
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Live updates: Virgin Galactic completes initially commercial spaceflight
People today react as the passenger rocket airplane operated by Virgin Galactic can take off, during the company’s first commercial flight to the edge of space, at the Spaceport America facility, in Fact or Penalties, New Mexico, U.S., June 29, 2023. Jose Luis Gonzalez | Reuters Area tourism business Virgin Galactic, established by Sir Richard […]
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Virgin Galactic raises $300 million, seeks another $400 million to expand spacecraft fleet
Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023. Virgin Galactic Virgin Galactic has successfully raised $300 million via an “at the market” offering of common stock, the company disclosed in a securities filing Thursday. Now, the space tourism company aims to […]
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Intelsat ends merger talks with rival satellite communications giant SES
A company jet tests a new satellite communications antenna for inflight Wi-Fi service. Intelsat U.S. satellite communications giant Intelsat walked away from merger discussions with Luxembourg-based competitor SES on Wednesday, CNBC confirmed. Intelsat ended the discussions after differences arose with SES over business priorities, a person familiar with the situation told CNBC. It also wasn’t […]
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