The Edge
Jeff Bezos’ Blue Origin rocket engine explodes during testing
A test of a BE-4 engine at the company’s Launch Site One facility in West Texas on Aug. 2, 2019. Blue Origin A Blue Origin rocket engine exploded during testing last month, CNBC has learned, a destructive setback with potential ramifications for the company’s customers as well as its own rocket. During a firing on […]
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Astranis to bring satellite internet to 2 million people in the Philippines next year
A visualization shows an Astranis satellite over the Philippines in orbit. Astranis Astranis, a San Francisco-based company with an alternative approach to providing internet access from satellites, recently signed a deal to provide dedicated service to the Philippines, a first for the archipelago nation. “They are going to use this capacity to connect hospitals, schools […]
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Astra plans a reverse stock split, seeks to raise up to $65 million in offering
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Spacecraft engine manufacturer and small rocket builder Astra plans to conduct a reverse stock split at a 1-to-15 ratio, the company disclosed in a securities filing on Monday Astra also seeks to raise […]
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Intelsat ends merger talks with rival satellite communications giant SES
A company jet tests a new satellite communications antenna for inflight Wi-Fi service. Intelsat U.S. satellite communications giant Intelsat walked away from merger discussions with Luxembourg-based competitor SES on Wednesday, CNBC confirmed. Intelsat ended the discussions after differences arose with SES over business priorities, a person familiar with the situation told CNBC. It also wasn’t […]
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Layoffs hit Colorado space companies as funding remains tight
The company test fires one of its Ripley rocket engines in Colorado. Ursa Major A pair of Colorado space companies laid off employees this past week, seeking to adapt to the new normal of a tight funding environment. The layoffs came at Ursa Major, which makes rocket engines, and Orbit Fab, a startup aiming to […]
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Planet stock drops after satellite imagery and data venture lowers annual revenue guidance
A satellite image captured on June 6, 2023 by a SkySat shows the breached Kakhovka dam in Ukraine. Planet Shares of Planet fell after the satellite-imagery and data-analysis company cut its annual revenue guidance after it reported first-quarter results on Thursday. The company lowered its guidance for its current fiscal year 2024 revenue to a […]
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Boeing sued for allegedly stealing IP, counterfeiting tools used on NASA projects
The Artemis 1 mission Space Launch System (SLS) rocket Frank Michaux / NASA Wilson Aerospace, a small family-run tools company based in Colorado, is suing Boeing for a wide range of claims concerning allegedly stolen intellectual property over the last two decades. The company’s lawsuit centers around multiple custom-designed tools that Wilson says it created […]
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Boeing indefinitely delays Starliner astronaut mission for NASA after discovering more issues
Boeing employees work on the company’s Starliner capsule on Jan. 19, 2023, in preparation for the first crew flight test. John Grant / Boeing Boeing is further delaying the first crewed launch of its Starliner spacecraft after discovering additional issues with the capsule, the company announced alongside NASA on Thursday. The Starliner crew flight test […]
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Pentagon awards SpaceX with Ukraine contract for Starlink satellite world-wide-web
Ukrainian forces set up Starlink satellite receivers to deliver relationship for civilians at Independence Square immediately after the withdrawal of the Russian army from Kherson to the eastern lender of Dnieper River, Ukraine on November 13, 2022. Metin Atkas | Anadolu Company | Getty Pictures WASHINGTON — The Pentagon said Thursday it has agreed to order Starlink […]
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Virgin Galactic completes Unity 25 spaceflight in key final test before commercial service
Virgin Galactic launched its first spaceflight in nearly two years on Thursday, a key final test for the space-tourism company before it begins flying commercial passengers. “WE HAVE REACHED SPACE!” Virgin Galactic tweeted, adding roughly 11 minutes later that the spacecraft landed smoothly. related investing news Still, Virgin Galactic stock dropped about 8% on Thursday, […]
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