Space industry
Rocket Lab studies file quarterly earnings, with extra agreement wins
An Electron rocket launches from the firm’s New Zealand facility on Nov. 4, 2022. Rocket Lab Rocket Lab shipped quarterly results on Wednesday that boasted file revenue, with the room company tacking on extra agreement wins across its small business. “This quarter recorded historic achievements for Rocket Lab,” CEO Peter Beck explained in a statement. […]
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Space company Astra lays off 16% of workforce as it faces rocket development delay, quarterly losses
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Astra announced Tuesday it would lay off about 16% of its employees as the space company faces a pivot in its rocket development program. “Given the challenging macroeconomic environment, we made the difficult […]
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Virgin Orbit raises $25 million from Branson’s conglomerate as cash reserve dwindles
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard Branson’s Virgin Group, an existing shareholder, […]
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SpaceX adds data restrictions for Starlink power users
SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images Elon Musk’s SpaceX introduced restrictions to its Starlink internet service to curtail data drains of power users. The company added a […]
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Rocket Lab launches mission, but calls off attempt to catch Electron booster with a helicopter
Space company Rocket Lab called off its latest attempt at catching one of its Electron boosters with a helicopter, as the venture pursues reusability of its rockets. The company launched the “Catch Me If You Can” mission from its private facility in New Zealand on Friday. The primary goal of Rocket Lab’s mission, its ninth […]
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Virgin Galactic CEO outlines remaining steps before commercial spaceflight service begins next year
Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Virgin Galactic on Thursday reported a wider third-quarter loss from a year ago, with CEO Michael Colglazier outlining the remaining steps before the space tourism company aims to launch its long-delayed service next year. “As we […]
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Watch SpaceX’s Falcon Heavy, the world’s most powerful rocket, launch a Space Force mission
[The webcast is scheduled to begin at 9:26 a.m. ET. Please refresh the page if you do not see the video player above.] Elon Musk’s SpaceX on Tuesday is set to launch the first Falcon Heavy mission in over three years, a towering rocket that is the most powerful currently in operation. SpaceX’s rocket is […]
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Elon Musk has pulled more than 50 Tesla staff members into his Twitter takeover
The Twitter profile web site belonging to Elon Musk is found on an Apple Iphone cell phone. Nurphoto | Nurphoto | Getty Photos New Twitter operator Elon Musk has pulled additional than 50 of his reliable Tesla staff members, primarily computer software engineers from the Autopilot group, into his Twitter takeover, CNBC has realized. Musk, […]
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Terran Orbital stock jumps after spacecraft builder raises $100 million from Lockheed Martin
The company’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin. Lockheed purchased both debt and stock, and Terran noted the investment comes with a new cooperation agreement “to […]
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NASA says its annual economic output is triple the agency’s budget
Astronauts flying on SpaceX’s Crew-5 mission for NASA stand in front of the agency’s worm logo during a countdown dress rehearsal on Oct. 2, 2022, at Kennedy Space Center in Florida. SpaceX The National Aeronautics and Space Administration on Thursday said its annual economic output is three times the size of its yearly budget. In […]
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