The Edge

Virgin Orbit raises  million from Branson’s conglomerate as cash reserve dwindles
Business

Virgin Orbit raises $25 million from Branson’s conglomerate as cash reserve dwindles

Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Virgin Orbit raised $25 million, the company announced Monday alongside its third-quarter results, as the alternative rocket launcher faces a dwindling cash reserve. The company disclosed that Richard Branson’s Virgin Group, an existing shareholder, […]

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SpaceX adds data restrictions for Starlink power users
Business

SpaceX adds data restrictions for Starlink power users

SpaceX CEO Elon Musk speaking about the Starlink project at MWC hybrid Keynote during the second day of Mobile World Congress on June 29, 2021 in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images Elon Musk’s SpaceX introduced restrictions to its Starlink internet service to curtail data drains of power users. The company added a […]

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Rocket Lab launches mission, but calls off attempt to catch Electron booster with a helicopter
Business

Rocket Lab launches mission, but calls off attempt to catch Electron booster with a helicopter

Space company Rocket Lab called off its latest attempt at catching one of its Electron boosters with a helicopter, as the venture pursues reusability of its rockets. The company launched the “Catch Me If You Can” mission from its private facility in New Zealand on Friday. The primary goal of Rocket Lab’s mission, its ninth […]

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Virgin Galactic CEO outlines remaining steps before commercial spaceflight service begins next year
Business

Virgin Galactic CEO outlines remaining steps before commercial spaceflight service begins next year

Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Virgin Galactic on Thursday reported a wider third-quarter loss from a year ago, with CEO Michael Colglazier outlining the remaining steps before the space tourism company aims to launch its long-delayed service next year. “As we […]

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Watch SpaceX’s Falcon Heavy, the world’s most powerful rocket, launch a Space Force mission
Business

Watch SpaceX’s Falcon Heavy, the world’s most powerful rocket, launch a Space Force mission

[The webcast is scheduled to begin at 9:26 a.m. ET. Please refresh the page if you do not see the video player above.] Elon Musk’s SpaceX on Tuesday is set to launch the first Falcon Heavy mission in over three years, a towering rocket that is the most powerful currently in operation. SpaceX’s rocket is […]

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Terran Orbital stock jumps after spacecraft builder raises 0 million from Lockheed Martin
Business

Terran Orbital stock jumps after spacecraft builder raises $100 million from Lockheed Martin

The company’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin. Lockheed purchased both debt and stock, and Terran noted the investment comes with a new cooperation agreement “to […]

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NASA says its annual economic output is triple the agency’s budget
Business

NASA says its annual economic output is triple the agency’s budget

Astronauts flying on SpaceX’s Crew-5 mission for NASA stand in front of the agency’s worm logo during a countdown dress rehearsal on Oct. 2, 2022, at Kennedy Space Center in Florida. SpaceX The National Aeronautics and Space Administration on Thursday said its annual economic output is three times the size of its yearly budget. In […]

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Andreessen Horowitz-backed startup takes on mass producing spacecraft
Business

Andreessen Horowitz-backed startup takes on mass producing spacecraft

Co-founders Max Benassi, left, and Ian Cinnamon Apex Space A pair of heavy-hitter startup founders is turning their attention to what they see as a key bottleneck in the space industry, and has already won backing from high-profile venture capital. Los Angeles-based Apex Space, led by co-founders Ian Cinnamon and Max Benassi, wants to better […]

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The major space players and diverging strategies in the race to connect your smartphone via satellites
Business

The major space players and diverging strategies in the race to connect your smartphone via satellites

The race to provide high-speed internet from satellites is well underway – but another, more ambitious competition, to connect directly from space to devices like smartphones, began in earnest earlier this year. The potential untapped market — which hinges on, but extends beyond, sending a text via space — is spurring a tale of two […]

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SpaceX rolls out Starlink aviation product for satellite internet to private jets
Business

SpaceX rolls out Starlink aviation product for satellite internet to private jets

One of the company’s flat aviation-specific Starlink antennas is seen on top of an aircraft. SpaceX SpaceX rolled out aviation-specific Starlink satellite internet service on Tuesday, with Elon Musk’s company looking to expand further into the inflight WiFi market. The company is charging $150,000 for the hardware needed to connect a jet to Starlink, with […]

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