Lockheed Martin to launch satellites from Shetland Islands October 22, 2020 The government has approved Lockheed Martin’s plans to move its satellite launch operations to the Shetland Islands. The decision is a major step forward in plans to build a spaceport on the archipelago to support the country’s commercial space ambitions. It is hoped that the Shetland Space Centre will support 605 jobs in Scotland by [...]
New wealth to be made and lives to be saved by democratising space October 16, 2020 Many of us forget that a large portion of our daily lives and activities are based around technology and data that originated from space applications. These range from influencing how the crops you consume yield to the visualizations your favorite artist uses during their concert. With the Space market set to reach a trillion dollars [...]
Shooting for the stars: The case for a CANZUK space agency September 3, 2020 The British government knows three things for certain about space. It’s big. It’s cold. It’s expensive. For a small country, the scale of the challenge is daunting — and lonely. Not long ago, the United Kingdom had access to the joint space initiatives of the European Union such as the Galileo program, a global navigation [...]
SpaceX receives $2bn boost in latest funding round August 18, 2020 Elon Musk’s SpaceX has raised a further $1.9bn (£1.4bn) in funding, a regulatory filing on Tuesday revealed. It raises the equity value of the billionaire’s private rocket company to $46bn, Bloomberg reported ahead of the funding round last week. It is the largest single fundraising round conducted by SpaceX yet, according to PitchBook data. It [...]
Fortnite creator Epic Games raises $1.78bn August 6, 2020 Epic Games, the firm behind the popular online multiplayer game Fortnite, said today it has raised $1.78bn in its latest funding round, taking its valuation to $17.3bn. The latest funding round includes the $250m investment made by electronics giant Sony last month for a reported 1.4 per cent stake in the company. Other new investors [...]
Sir Richard Branson set for space as Virgin Galactic signs Rolls-Royce deal August 4, 2020 Sir Richard Branson, the billionaire founder of private spaceflight firm Virgin Galactic, will be one of the first to go into space in one of his company’s rockets, it has been revealed. As long as two test flights scheduled for the autumn are successful, Branson will go into orbit early next year, Virgin Galactic said [...]
Nasa launches ninth Mars mission in hunt for signs of past life July 30, 2020 Nasa today launched its next-generation Mars rover from Florida on a $2.4bn mission to find signs of past life on the red planet. The Perseverance rover was aboard an Atlas 5 rocket, which is manufactured by the Boeing-Lockheed joint venture United Launch Alliance. Once on Mars it will also deploy a mini helicopter and test [...]
SpaceX investor pours $50m into London tech startup Complyadvantage July 28, 2020 Fintech startup Complyadvantage has closed a $50m series C round, as it seeks to disrupt the way global banks tackle financial crime. The round was led by the Ontario Teachers’ Pension Plan Board, which has CA$207.4bn in net assets. It made the investment through its innovation arm, which invests in late-stage tech companies. Existing investors [...]
Musk’s SpaceX in talks to raise funds at $44bn valuation July 23, 2020 Rocket company SpaceX is said to be in talks to raise a new round of funding at a $44bn valuation, following a successful few months for the tech firm. SpaceX is seeking to raise approximately $1bn priced at $270 per share, people familiar with the matter told Bloomberg. Helmed by tech billionaire Elon Musk, SpaceX [...]
Musk qualifies for $2.1bn payday after Tesla rally July 21, 2020 A prolonged bounce in Tesla’s share price means its chief executive Elon Musk has qualified for a $2.1bn payout, in his second award since May. The electric carmaker’s six-month average market capitalisation officially surpassed $150bn today, triggering the vesting of the second of 12 tranches of options granted to Musk in 2018. Musk, who is [...]