Companies offering smallsat launch services argue there is no “magic” price per kilogram that allows them to unlock greater demand, with customers willing to trade off price for responsiveness or other capabilities.
Investors accounting for more than half the money in a funding round concurrent with in-space transportation company Momentus’s merger with a special-purpose acquisition company (SPAC) dropped out of the deal when given the opportunity by a settlement with the Securities and Exchange Commission.
The SEC has reached a settlement with in-space transportation company Momentus and the special purpose acquisition company (SPAC) it is planning to merge with regarding false claims the companies made, while continuing to pursue legal action against the Russian founder of Momentus.
U.S. accelerator Starburst Aerospace plans to raise a $50 million fund this year to invest in space startups, CEO Francois Chopard told SpaceNews in an interview.
The space market is at a watershed moment as private and public investments continue to surge.
New accounting rules have thrown a wrench into a SPAC machine that has been catapulting space companies to the public markets.