Space industry
Space infrastructure company Redwire trims quarterly losses, builds order backlog
Pete Cannito, Redwire Corporation at the New York Stock Exchange, September 8, 2021. Source: NYSE Space infrastructure company Redwire reported fourth-quarter results on Wednesday, saying it further trimmed its losses and built its order backlog. After rising as much as 10% in premarket trading, Redwire stock fell slightly soon after the opening bell. related investing […]
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Virgin Orbit extends unpaid pause as Brown deal collapses, ‘dynamic’ talks continue
NEWQUAY, ENGLAND – JANUARY 09: A general view of Cosmic Girl, a Boeing 747-400 aircraft carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Virgin Orbit launches its LauncherOne rocket from the spaceport in Cornwall, marking the first ever […]
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Starlink rival OneWeb aims for world wide satellite world wide web protection soon after passing a crucial milestone
OneWeb, a rival to Elon Musk’s Starlink world-wide-web satellite venture, is aiming to roll out coverage globally just after efficiently launching the closing batch of satellites required for its broadband provider over the weekend. The British startup launched an added 36 satellites Sunday morning from the Satish Dhawan Room Centre in Sriharikota, India, getting its […]
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Space companies Spire and Momentus get stock exchange delisting warnings
Spire Global at the New York Stock Exchange, August 17, 2021. Source: NYSE A pair of space companies received delisting warnings on Friday, according to securities filings, as both ventures’ stock prices stood below $1 a share. Small satellite builder and data specialist Spire Global received a notice from the New York Stock Exchange, while […]
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Rocket Lab targets $50 million launch price for Neutron rocket to challenge SpaceX’s Falcon 9
Rocket Lab is building a bigger, reusable launch vehicle called Neutron, and it’s targeting a price point near $50 million per launch to challenge Elon Musk’s SpaceX. “We are positioning Neutron to compete directly with the Falcon 9,” Rocket Lab Chief Financial Officer Adam Spice said earlier this week, speaking at a Bank of America […]
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Blue Origin says an overheated engine part caused last year’s cargo rocket failure
The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster’s engine failed. Blue Origin Jeff Bezos’ space company Blue Origin released findings from an investigation into the failed flight of a cargo mission last year, which it says was due to an issue in the rocket’s engine nozzle. The […]
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Relativity’s first 3D-printed rocket launches successfully but fails to reach orbit
The company’s Terran 1 rocket lifts off from LC-16 at Cape Canaveral, Florida. Relativity Space Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night, which successfully met some mission objectives before failing to reach orbit. Terran 1 lifted off from LC-16, a launchpad at the U.S. […]
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Virgin Orbit raising $200 million from investor Matthew Brown, closing deal as soon as Thursday
A general view of Cosmic Girl, a repurposed Boeing 747 aircraft carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Airport Newquay on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, […]
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Virgin Orbit returning ‘small’ team from unpaid pause on Thursday to prep for next rocket launch
Virgin Orbit flew its modified Boeing 747 airplane “Cosmic Girl” with the company’s LauncherOne rocket under its wing for the first time on November 18, 2018. Virgin Orbit Virgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next […]
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Satellite maker Terran Orbital sees annual revenue climb near $100 million
Terran Orbital, a specialist in manufacturing small satellites, reported fourth-quarter results on Tuesday, with annual revenue nearing $100 million as it continued to build its order backlog. For the full year of 2022, Terran Orbital brought in $94.2 million in revenue – more than double its 2021 total. related investing news The Irvine, California-based company […]
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