The Edge
Blue Origin, Sierra Space weigh future of Orbital Reef space station as partnership turns rocky
A rendering of the “Orbital Reef” space station in orbit. Blue Origin The Orbital Reef space station partnership between Jeff Bezos’ Blue Origin and Sierra Space is on rocky footing, CNBC has learned. The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried up in the past year. […]
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SpaceX wins first Pentagon contract for Starshield, its satellite network for military use
An uncaptioned image posted on the company’s website appears to show Starshield technology in orbit. SpaceX The Pentagon has awarded Elon Musk’s SpaceX its first confirmed contract for the Starshield network it’s developing, a military-specific version of the company’s Starlink satellite internet system, the defense agency said Wednesday. A Space Force spokesperson confirmed that SpaceX […]
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FAA closes investigation into Blue Origin rocket failure, requires 21 ‘corrective actions’
The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster’s engine failed. Blue Origin The Federal Aviation Administration closed its investigation into last year’s failed flight of a cargo mission by Jeff Bezos’ Blue Origin, the regulator announced Wednesday. Blue Origin is required by the FAA to “implement 21 […]
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Jeff Bezos’ Blue Origin to replace CEO Bob Smith with outgoing Amazon exec Dave Limp
Bob Smith, chief executive officer of Blue Origin LLC, (L), and Dave Limp, senior vice president of devices and services for Amazon.com Inc. Getty Images Jeff Bezos’ Blue Origin will replace CEO Bob Smith with outgoing Amazon executive Dave Limp, CNBC has learned. Smith is retiring effective Dec. 4 and will remain with the company […]
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Sierra Space raising nearly $300 million from Japanese consortium at $5 billion valuation
Artist’s rendering of Sierra Space’s Dream Chaser spaceplane in this undated handout obtained March 25, 2022. Sierra Space | via Reuters Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, is finalizing a raise of nearly $300 million, CNBC has learned. The round values the space company at about $5 billion, according to […]
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SpaceX countersues Justice Department, seeking to dismiss hiring discrimination case
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images Elon Musk’s SpaceX sued the U.S. Department of Justice in a Texas federal court, as the company aims to stop the DOJ’s hiring discrimination case on constitutional grounds. The countersuit comes after the DOJ sued the company last month, alleging it discriminates […]
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Rocket Lab stock drops 20% after first satellite launch failure in over two years
The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab stock fell in premarket trading after the company suffered its first launch failure in over two years early Tuesday morning. The company confirmed its uncrewed 41st Electron rocket launch – lifting off from New […]
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SpaceX no longer taking losses to produce Starlink satellite antennas, a key step to improving profitability
A Starlink satellite terminal, also known as a dish, setup in front of an RV. SpaceX PARIS – Elon Musk’s SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step to the company improving its profitability. “We […]
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SpaceX’s near monopoly on rocket launches is a ‘huge concern,’ Lazard banker warns
Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023. Michael Sheetz | CNBC PARIS – A Lazard investment banker sounded the alarm about the dominance of Elon Musk’s SpaceX in the rocket launch market, as the industry waits […]
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Telesat buys SpaceX launches for Lightspeed internet satellites
A rendering of Telesat’s low earth orbit broadband constellation. Telesat PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. Elon Musk’s SpaceX signed a hefty deal with satellite operator Telesat, the companies announced Monday. The agreement covers 14 launches of the Canadian venture’s Lightspeed internet satellites. Telesat […]
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