When small launch vehicle developer Vector announced it was suspending operations Aug. 9, many in the industry wondered if this was the beginning of a long-anticipated shakeout of an overcrowded market.
Space industry startups used to clamor for public attention. Now, many spend years in stealth mode refusing to disclose even the broad outlines of their plans.
Space startups seeking funding should stay away from increasingly overcrowded parts of the market and instead seek more novel approaches that could offer much bigger returns.
Emerging digital technologies and innovative operating models will expand the role of space in multiple economic sectors, according to, “Tech Trends 2019: Space industry perspective,” a report released April 15 by Deloitte.
Josh Jackson, executive vice president and general manager of SAIC’s Solutions and Technology Group, said SAIC is working with around a dozen startups through accelerators in Austin, Texas and Colorado Springs, Colorado, to make their technology more available to U.S. government customers.
Starburst Aerospace and Techstars announced plans Feb. 12 to begin accepting applications for a new space-focused accelerator based in Los Angeles and backed by the U.S. Air Force, NASA’s Jet Propulsion Laboratory, Lockheed Martin, Maxar Technologies, SAIC and Israel Aerospace Industries.
Solstar Space, the New Mexico startup planning to offer WiFi to people and machines in orbit, is looking for a strategic investor.
Space transportation startup Momentus raised $8.3 million in seed funding for its business of offering satellite operators rides from one orbit to another, the Santa, Clara, California company announced Nov. 14.
Oxford Space Systems, a British startup that hopes to compete with space industry giants Harris Corp. and Northrop Grumman in the satellite component business, has raised 6.7 million British pounds ($8.9 million) from investors.
Today’s OHB might be Europe’s third-largest space sector corporation, harvesting prestigious government contracts, but the Bremen-headquartered firm still remembers its modest beginnings.
With the new financing, Ursa plans to expand its customer base for products related to the global oil and gas industry, while continuing to develop the machine vision and machine learning algorithms it uses to create new data products.
Germany might be Europe’s best-performing economy and an undisputed engineering powerhouse. But when it comes to space startups, something is amiss.