Mark Boggett’s Post

Your last weekly space news round-up of 2024 🚀 Featuring stories: 💰 ICEYE closed a $65M extension to the existing growth funding round for a total of $158M raised in 2024 - the funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim, Plio Limited, and Christo Georgiev. 🌡️ SatVu, a global leader in climate technology, has secured £20 million in strategic funding, to expand high-resolution thermal imaging. 🛰️ SpaceX’s satellite internet service Starlink is projected to reach $11.8 billion in revenue next year, driven by strong consumer demand and growing U.S. military contracts. 📈 Space Markets: The Year in Review from Payload 👉 Of the 15 largest space startup funding deals this year, five came from US startups, five were Chinese companies, four were European firms, and one was from an Australian business. 🌌 Commercial space station developer Vast has signed a deal with SpaceX for two private astronaut missions to the International Space Station, pending NASA approval. https://lnkd.in/ecKWsF2n

Space One's Kairos No. 2 Rocket Launch: A Step Toward Japan’s Space Future Space One, a Japanese space startup, faced a major setback during its second rocket launch attempt on Wednesday. The Kairos No. 2 rocket, which was carrying 5 small satellites—including one from Taiwan’s space agency—was aborted 3 minutes after liftoff due to an unstable flight caused by an abnormality in the first-stage engine nozzle/control system. While the mission ended in self-destruction, President Masakazu Toyoda emphasized the importance of the data collected, stating it will be instrumental in improving future attempts. This follows the company's March 2024 failure, where the Kairos No. 1 rocket was intentionally destroyed due to a miscalculation in propulsion. Space One aims to be Japan’s first private company to successfully launch a satellite into orbit, helping to boost Japan’s lagging space industry. The company, which has received backing from giants like Canon Electronics and IHI, envisions up to 20 launches annually—significantly more than the current government-led space program's 6 launches per year. While this launch setback is disappointing, it brings valuable insights to Space One's long-term mission of providing affordable, reliable space transport services. 🚀 #SpaceOne #RocketLaunch #SpaceIndustry #JapanSpace #SatelliteLaunch #Innovation #Technology #Startup #SpaceExploration #KairosNo2 #SpaceTech #Entrepreneurship

Space is a tough, tough field to crack—especially as a startup from a market that’s not already a mature space economy. But, we’re getting there. Today in LiveMint, we look at India’s latest push to urge space startups to create consortiums—a better bet to generate revenue. The first such group, called ‘Bharat Space Collective’, is here—featuring Kris Nair’s Kawa Space and three other firms. Full story here: https://lnkd.in/d6gtz7P8, featuring inputs from Dr. Chaitanya GIRI of Observer Research Foundation. #space #startups #indiainspace #isro #rocketlaunch #satellites #spaceapplications #usa #nasa #esa #jaxa #spacex

⚡️ SpinLaunch raises $11M but hoped to raise much more, source says SpinLaunch, a space startup, is currently fundraising again after closing an $11.5 million round out of a planned $25 million. Previously, the company had discussed raising a much larger $350 million round at a $2 billion valuation, though SpinLaunch's CEO denies these figures. SpinLaunch is developing a kinetic launch system that could launch satellites to orbit for a fraction of the cost of traditional rockets. The company has made progress with suborbital tests and was considering the ambitious fundraising to compete with Starlink by launching a satellite constellation. However, SpinLaunch is going through a period of flux, with leadership changes and plans to build an orbital accelerator in Alaska that are currently unclear.

The Exploration Company, a startup operating across Germany, France, and Italy, has raised $160 million in its Series B funding round. The capital will support the continued development of Nyx, Europe’s first reusable space capsule, capable of carrying up to 3,000 kilograms of cargo to and from Earth. The funding positions the company to challenge U.S. dominance in cargo delivery to the International Space Station National Laboratory (ISS), a market currently served exclusively by SpaceX’s Dragon capsule and Northrop Grumman’s Cygnus spacecraft. The Series B round, led by Balderton Capital and Plural Investing LLC also included participation from Bessemer Venture Partners, NGP Capital, and sovereign European funds French Tech Souveraineté and DTCF | DeepTech & Climate Fonds. This investment brings the startup’s total funding to over $208 million. https://lnkd.in/euVWC8F3

Space Startups: Reaching for the Stars 🚀✨ Space exploration is no longer just for governments—space startups are leading the charge to innovate and expand humanity’s reach beyond Earth. With SpaceX, Blue Origin, and numerous other startups pushing boundaries, the commercial space industry is expected to surpass $1 trillion by 2040. 🌌 Innovations in satellite technology, space tourism, and deep space exploration are opening new frontiers for entrepreneurs. Whether it’s deploying miniaturized satellites for communication or creating the infrastructure for future lunar and Mars missions, space startups are pioneering a new age of discovery. Venture capital is pouring into space-related ventures, from rocket manufacturing to space logistics and research programs. For entrepreneurs, the space economy offers unparalleled opportunities to innovate and shape the future of space travel and exploration. 🛸 #SpaceStartups #SpaceExploration #RocketScience #SatelliteTech #SpaceTourism #LunarMission #MarsExploration #SpaceInnovation #VentureCapital #TechRevolution #SpaceEconomy Message JOIN at our OFFICIAL HELPLINE AND WHATSAPP NUMBER +91-9051112233 for regular updates on similar Posts or visit our website https://www.lexcliq.com

Chennai-based Space Tech start-up OrbitAID has announced a $1.5-million fundraise in a pre-seed round led by Unicorn India Ventures. The round also saw participation from TANSIM, the entrepreneurship promotion body of the TN government. https://trib.al/uc8Lzts

This company has an ambitious plan to launch a payload into space. Instead of a traditional space rocket, they have developed a vacuum chamber designed to launch the object into space based on energy. The aim is for cheaper space launches. They claim they be able to launch a 200kg satellite into space for $250,000 and do this 4-5 times per day. This would mean less expensive launches into space. So far, they have completed suborbital tests and have also explored a location in Alaska for their accelerator. Their dream is to have a large satellite network in space. #startups #ai #technology #space https://lnkd.in/gpUuBGpS

New SpaceCom Case Study: From Start-up to Stardom: Harold Hess’s Journey with Enduralock 🚀 What does it take to launch a business in the rapidly growing space industry? For Harold Hess, founder of Enduralock, the answer started at SpaceCom.   This game-changing event provided an accessible platform to showcase his revolutionary fastening technologies and connect with key industry leaders like NASA and Space Systems Command.   “SpaceCom gave us the opportunity to network with industry leaders and gain exposure without the high costs of larger events,” says Hess. From here, Enduralock took off—revolutionizing in-orbit manufacturing and autonomous space assembly.   👉 Read the article: https://lnkd.in/eZCyn4MD   Whether you're just starting out or looking to scale, SpaceCom is the place to make connections, gain visibility, and launch your business into orbit.   Are you a start-up? Chat with Robin Cermak about securing your booth and launching your business at SpaceCom! Join us at the SpaceCom | 51st Space Congress and Space Mobility Conference & Expo on Jan 28-30, 2025, in Orlando to take your business to the next level.   #SpaceCom2025 #StartUpSuccess #SpaceIndustryGrowth #Innovation #SpaceExploration #LaunchYourBusiness #startup #spacestartup

https://lnkd.in/d7nhnVnr China Wants to Replace Jeff Bezos as Musk’s Greatest Space Threat Startups, state-owned space companies aim for regular reusable rocket flights from 2025 By Bloomberg News September 11, 2024 at 3:00 PM GMT+5:30 China is aiming to loosen Elon Musk’s lock on reusable launch vehicles — and close a yawning technology gap with the US. Beijing is turning to aerospace startups and state-owned enterprises alike to develop an edge in rockets that can be used dozens of times to lift satellites into low-Earth orbit.