The SPAC boom has reshaped the space startup sector. Until recently, there was plenty of capital flowing into startups but few exits. SPACs offer, in some sense, the best of both options: an influx of capital associated with going public, but without the overhead of a traditional IPO.
A NASA small launch vehicle competition attracted bids from 10 companies, but half of them were effectively disqualified because of deficiencies or other problems.
Small launch vehicle developer Astra Space fell just short of reaching orbit on its second launch attempt Dec. 15, but the company is “beyond ecstatic” with the performance of the rocket.
Fred Kennedy, former Space Development Agency director, is the new president of Momentus, a Silicon Valley company preparing to transport satellites in orbit.
As Astra prepares for another launch attempt of its small launch vehicle, the company is facing a lawsuit from another company with a similar name.
Small launch vehicle developer Astra says it’s ready for an orbital launch attempt as soon as Aug. 2, but warns that it’s “pretty unlikely” that launch will actually achieve orbit.
Rocket Lab CEO Peter Beck: "The market needs to grow a lot to sustain more than two companies."