Space industry
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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Virgin Orbit scrambles to avoid bankruptcy as deal talks continue
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Virgin Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as early as this week without a deal, CNBC has learned. The rocket builder paused operations last week and furloughed most of the company, as […]
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Uk backs Rolls-Royce challenge to build a nuclear reactor on the moon
Rolls-Royce has been performing on a Micro-Reactor software “to produce technologies that will give ability needed for individuals to reside and operate on the Moon.” Lorenzo Di Cola | Nurphoto | Getty Pictures LONDON — The United kingdom House Company claimed Friday it would back research by Rolls-Royce hunting at the use of nuclear energy […]
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Astra outlines its plan to avoid Nasdaq delisting, including possible reverse stock split
A view from onboard the upper stage of rocket LV0009 during the company’s livestream on March 15, 2022. Astra / NASASpaceflight Spacecraft engine manufacturer and small rocket builder Astra on Thursday outlined a plan to avoid having its stock delisted from the Nasdaq. With an exchange-imposed deadline of April 4 drawing near – and Astra’s […]
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Virgin Orbit pauses operations for a week, furloughs nearly entire staff as it seeks funding
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as […]
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Axiom unveils spacesuits for NASA’s upcoming Artemis moon missions
Chief Engineer Jim Stein wears the new spacesuit during the Axiom Space Artemis III Lunar Spacesuit event at Space Center Houston in Houston, Texas, on March 15, 2023. “Since a spacesuit worn on the Moon must be white to reflect heat and protect astronauts from extreme high temperatures, a cover layer is currently being used […]
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