The Edge
Astra defaults on debt agreement, warns it may not be able to raise needed cash
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Struggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle. Astra twice last month failed […]
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Elon Musk says SpaceX’s Starlink business ‘achieved breakeven cash flow’
The upper stage of a Falcon 9 rocket deploys a stack of Starlink “V2 Mini” satellites in orbit. SpaceX SpaceX CEO Elon Musk announced Thursday that the company’s Starlink satellite internet business “achieved breakeven cash flow.” “Excellent work by a great team,” Musk said in a post on his social media platform, X, formerly known […]
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Space Force awards $2.5 billion in rocket contracts to SpaceX and ULA for 21 launches
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, U.S., November 1, 2022. Steve Nesius | Reuters The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance, worth about $2.5 billion in total, the military branch told CNBC. […]
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Pentagon awards $1.3 billion in contracts to Northrop Grumman and York for 100 satellites
An artist illustration shows the functions of the Space Development Agency’s satellite constellation. Space Development Agency The Pentagon’s Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites. SDA is having the pair of companies build 100 satellites as part of a network the […]
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Rocket Lab expects to resume Electron launches before year-end after September failure
An Electron rocket launches the Baby Come Back mission from New Zealand on July 17, 2023. Rocket Lab Rocket Lab expects to resume launches of its Electron vehicle before the end of the year, the company announced Wednesday. The company is in the final stages of closing an investigation into its most recent Electron launch, […]
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SpaceX, Blue Origin, Virgin Galactic executives urge senators to improve the FAA
A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on October 13, 2023. Chandan Khanna | AFP | Getty Images With the pace of rocket launches accelerating, and competition from China rising, executives from top U.S. space companies on Wednesday urged senators to improve the […]
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Space sector investors followed government contracts in the third quarter, report says
SpaceX’s Crew Dragon capsule, named Freedom, is seen docked with the International Space Station in May 2023 during the Axiom Ax-2 mission. NASA Investment in the space sector, especially from venture capital, is consistently flowing into companies that are pursuing and winning government contracts, according to a report Monday by New York-based Space Capital. “In […]
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SpaceX’s Falcon Heavy launches $1 billion asteroid mission for NASA
[The livestream has ended. A replay is available in the video player above.] SpaceX’s powerful Falcon Heavy rocket successfully launched on Friday morning, carrying a NASA mission bound for a distant asteroid. Targeting the asteroid Psyche, the eponymous NASA mission is flying a spacecraft — about the width of a tennis court — on a […]
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Shipping giant Maersk to add SpaceX’s Starlink internet to more than 330 ships by early next year
Maersk is one of the world’s biggest container shippers. Andia | UIG via Getty Images Danish logistics giant Maersk is adding SpaceX’s Starlink to more than 330 container ships, the companies announced Thursday. Maersk said the installation of the Starlink internet service is expected to be complete by the first quarter of next year, with […]
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Viasat won’t replace damaged Americas satellite, moves up financial targets
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 shares rose Thursday after the company said it expects to meet financial growth targets earlier than expected and that it won’t need to replace a damaged $750 million communications […]
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