The Pulse
Space Insider
Making Space Technology accessible through media, news, insights and data
Happy Friday Space Enthusiasts!
Please read below -- and check out Space Impulse as well -- to review the most interesting space industry and science news that showcase how scientists and engineers are leveraging the power and resources of space to solve problems on Earth.
From agriculture, the insurance sector, through maritime and infrastructure, Earth observation satellites even help mitigate problems arising from climate change on our planet. Space-based research in microgravity environments improve healthcare, while numerous scientific experiments and technical demonstrations give us deeper understanding of the world surrounding us as well as making everyday life easier for us.
Space Economy Summit
Introducing the Space Economy Summit organised by Economist Impact Events taking place on Wednesday, October 11th in Los Angeles, CA and Thursday, October 12th online.? ?
This event will serve as a crucial platform to connect the space industry with other mainstream sectors. Learn how your business can benefit from the space economy and discuss how industries and governments can maximise commercial returns from the final frontier. ?Register your free place here >
Speakers will discuss case studies and use evidence-based examples to explore the potential benefits of space data. Speakers include:
AGILE Space Industries is a designer and manufacturer of rocket engines and propulsion systems for spacecraft. We spoke to Chris Pearson, CEO of AGILE, to learn more about the business, his views on the rapidly developing space industry and vision for the future.
Open Cosmos designs, builds, and operates satellites to simplify access to space, empowering organizations worldwide to use satellite data to solve key challenges. Satellite data is a critical tool for addressing issues such as climate change, humanitarian disasters, and resource management effectively and sustainably. The funding will be used to accelerate Open Cosmos’s growth, delivery, and international expansion, broaden its offering, and continue to deliver market-leading innovation.
Series C1 funding closed at US $44 million with the support of Fonds de solidarité FTQ, Investissement Québec, BDC Capital, Climate Investment, Japan Energy Fund and BMO. The investment will enable the company to accelerate its go-to-market strategy, develop new integrated solutions, and deploy more satellite and airborne measurement capacity.
A new investigation by an international team of astronomers using data from the James Webb Space Telescope into K2-18 b, has revealed the presence of carbon-bearing molecules including methane and carbon dioxide. K2-18 b orbits the cool dwarf star K2-18 in the habitable zone and lies 120 light-years from Earth in the constellation Leo. The abundance of methane and carbon dioxide, and shortage of ammonia, support the hypothesis that there may be an ocean underneath a hydrogen-rich atmosphere on K2-18 b.
Company secures CHF 25 million (US $27.86 million) working capital facility from UBS to meet strong customer demand for its geostationary satellite platform HummingSat. The working capital facility is underwritten by SERV – the Swiss government’s export risk insurance. SWISSto12 has raised over €50 million (US $53.31 million) in venture capital to date, generating more than €200 million (US $213.24 million) in current back orders from customers across its Radio Frequency product business as well as its recent HummingSat contracts including from Intelsat and Viasat (formerly Inmarsat) and the European Space Agency.
Astra Space’s Board of Directors has approved a reverse stock split of the company’s Class A common stock, par value US $0.0001 per share, and Astra’s Class B common stock, par value US $0.0001 at a ratio of 1-for-15. Following the Reverse Stock Split, the Company’s Class A common stock will have a new CUSIP number (04634X202). The Reverse Stock Split is expected to become effective immediately after the close of the trading day on the Nasdaq Capital Market on September 13, 2023.
Sidus Space announces that it has been granted an additional 180 calendar days, or until March 11, 2024, to regain compliance with The Nasdaq Stock Market LLC. Although Sidus has not regained compliance with the Minimum Bid Price Requirement, NASDAQ has determined that the Company is eligible for a Second Compliance Period. If compliance with the Minimum Bid Price Requirement cannot be demonstrated by March 11, 2024, NASDAQ will provide written notification that the Company’s Class A common stock will be delisted.
SatSure’s recent Series A round spotlights the growing investment interest in India’s space tech startups. SatSure has recently secured US $15 million in equity capital and venture debt in a Series A funding round. The funding will further catalyze product enhancement and bolster SatSure’s operational reach in the Americas and the Asia-Pacific.
The UAE's efforts in space exploration began with the launch of the UAE’s Mars mission, the Hope Probe, in July 2020. Now, Emirati astronaut Sultan Al Neyadi is on the cusp of concluding his extraordinary six-month trip in space, a journey he describes as the “experience of a lifetime.”
Interested in Deep Tech? Check out?The Metaverse Insider?and?The Quantum Insider?to take your knowledge of deep tech farther and even deeper.