The Edge
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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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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