The Edge
Amazon says its first Project Kuiper internet satellites were fully successful in testing
A Project Kuiper engineer conducts network testing as prototype satellites pass over McAllen, Texas. Amazon A little over a month after launch, Amazon on Thursday announced its pair of prototype internet satellites were fully successfully in operations and testing. “We were able to validate everything and get all the data that we need,” Project Kuiper […]
Read More
Elon Musk says SpaceX should receive clearance to attempt second Starship launch this week
Starship launches for the first time on its Super Heavy booster from Texas on April 20, 2023. SpaceX SpaceX is pushing hard to launch the second spaceflight of its Starship rocket this week. CEO Elon Musk claimed the company will receive its federal launch license in the coming days, the final hurdle before a second […]
Read More
Ron Baron expects SpaceX’s Starlink to go public around 2027
Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service “in 2027 or so.” “We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion,” Baron said, […]
Read More
Iridium, Qualcomm end satellite-to-phone partnership
A Qualcomm sign is pictured at the Mobile World Congress in Shanghai. Aly Song | Reuters U.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday. Iridium stock fell more than 8% in after-hours trading from its close at $37.14 a share The company said […]
Read More
Astra founders offer to take company private at value of about $30 million
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California. Astra The founders of struggling space company Astra have offered to take the company private at a value of about $30 million, according to a securities filing on Thursday. Chris Kemp, chairman and CEO, and Adam London, chief technology officer, […]
Read More
Virgin Galactic pausing flights subsequent calendar year and laying off 18% to emphasis on future-gen spacecraft
Carrier aircraft VMS Eve releases spacecraft VSS Unity prior to firing its rocket motor through the Unity 25 spaceflight on Could 25, 2023. Virgin Galactic Virgin Galactic plans to pause spaceflight functions future yr to target methods on creating its up coming-era Delta-class spacecraft, the firm declared Wednesday. Despite the fact that Virgin Galactic has […]
Read More
Rocket Lab pushes to get launch business back on track, with 22 Electron missions booked next year
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce’s Global Aerospace Summit in Washington, D.C., Sept 14, 2022. Valerie Plesch | Bloomberg | Getty Images Rocket Lab is pushing to get its launch business back on track by the end of the year, reporting on Wednesday third-quarter results that […]
Read More
Satellite imagery company BlackSky ekes out first quarterly profit
The company’s banner on the front of the New York Stock Exchange. BlackSky Satellite imagery venture BlackSky delivered its first quarterly profit on Wednesday, as the company works to keep up momentum into the end of the year. BlackSky reported net income of $675,000 for the third quarter, improving from a net loss of $13.1 […]
Read More
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 […]
Read More
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 […]
Read More