To compete in an unconventional program like the Space Development Agency's Transport Layer, Lockheed Martin decided to team up with commercial companies.
Manufacturers agreed the cost of cubesats and small satellites of all sizes will decline as constellation developers and operators begin placing larger orders.
PredaSAR, a Florida startup led by retired Air Force Maj. Gen. Roger Teague, raised $25 million in seed funding for its plan to build a constellation of at least 44 Synthetic Aperture Radar (SAR) satellites.
NASA announced Nov. 18 that it was adding five companies to a contract to perform commercial deliveries of payloads to the surface of the moon, a group that ranges from small ventures to Blue Origin and SpaceX.
Some space companies say their greatest hiring difficulty today is recruiting enough software engineers to work on their programs.
Swissto12, a European telecommunications component company, raised 18.1 million Swiss francs ($18.44 million), established a U.S. offices and signed an agreement with Tyvak Nano-Satellite Systems to offer miniature satellites for geostationary orbit.
Phase Four, a startup developing electric propulsion systems for small satellites, has won its first major orders for those thrusters from two companies.
Terran Orbital raised $36 million in a Series B round from investors, including Lockheed Martin, Beach Point Capital managed funds, Goldman Sachs, the company announced Aug. 6.