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Weekly Recap #39 + Eradrive Interview
Description
This week includes a special interview with Sumant Sharma, CEO of Eradrive!
Launch
* ISAR scrubbed the most recent scheduled launch of their Spectrum vehicle, marking the fourth such scrubbing this year. [source]
* Chinese startup Landspace’s Zhuque-2E rocket, launched on June 9th, experienced an upper stage failure during parts of its disposal burn. [source]
* China continued its accelerated launch cadence with a series of 4 missions over a 72 hour period concluding with the liftoff of a Kuaizhou-11 solid rocket from the China Aerospace Science and Industry Corporation on Wednesday the 17th[source]
Comms / Data
* Gilat acquired Comtech’s Satellite and Space Communications Segment this week in an all cash $157.5M deal intended to push revenue above $700M. [source]
* The USSF ordered two additional GPS satellites from Lockheed Martin. [source]
* Ororatech selected for NASA Commercial Satellite Data Acquisition contract. [source]
* Northstar won over $40M from 3 Canadian Space Division to advance sovereign space domain awareness.
* Look Up and Skynopy announced a partnership to provide an automated collision avoidance service titled ‘Atlas2’ Space Safety Program. [source]
Logistics
* Katalyst raised $12M for their Nexus GEO servicing mission in a round led by Geodesic Capital. [source]
* Quantum Space won a Pentagon contract to develop and demonstrate refueling spacecraft. [source]
* DARPA issued an open solicitation for solutions for ‘rapid reconstitution of space systems’. [source]
* Austrian startup GATE Space won €6.3M in EU grants and equity funding through the EIC accelerator. [source]
* Elevation Space raised a $40M Series B to develop space-to-Earth transportation and a space environment utilization and recovery platform through a third party allotment of shares. [source]
Business