Federal Trade Commission blocks Lockheed Martin’s acquisition of Aerojet Rocketdyne
Lockheed Martin’s proposed $4.4 billion acquisition of rocket engine manufacturer Aerojet Rocketdyne has been blocked by the Federal Trade Commission, the agency announced Jan. 25.
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Military space advocate Rep. Jim Cooper to retire from Congress
Rep. Jim Cooper (D-Tenn.), chairman of the House Armed Services Committee’s subcommittee on strategic forces, announced Jan. 25 that he will not run for re-election in 2022.
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NOAA to move new weather satellite quickly into position
The National Oceanic and Atmospheric Administration will move its next Geostationary Operational Environmental Satellite (GOES) into position over the Western United States soon after launch to speed up data delivery to the National Weather Service.
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Isar Aerospace wins 10 million euro European Commission launch competition
Isar Aerospace won 10 million euros in a European Union prize competition, the latest sign of the E.U.’s growing role in supporting Europe’s launch industry.
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Op-ed | LEO broadband: Will this time be different?
Twenty years later, a host of new LEO broadband systems are coming to market, led by Starlink, and the question must be asked: will this time be different?
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After a successful 2021, Avio is looking forward to the future
Space-based services and applications are increasingly important in our daily life, for the economy, the environment, the resources’ management and for our security.
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EU launches 'game changer' space startup fund
The EU launched Tuesday a billion-euro fund to support startups in the space sector with the hope it will be a "game changer" and attract private investors into the key sector.
Named the Cassini fund after the 17th century Italian astronomer, it was launched as part of the European Investment Fund (EIF) which provides risk financing to small and medium-sized businesses across Europe.
"Many of our startups cannot get sizeable equity investment in the EU once they need to scale up," said Thierry Breton, the EU's internal market commissioner, at a gathering for the European space industry in Brussels.
He said the firms are thus forced to turn to non-EU investors.
"This is a major loss for Europe. The Cassini Fund will be a game changer," he added.
The head of the EIF, Alain Godard, said that each euro the fund invests typically attracts three or four euros of private investment from firms that otherwise would have found the project too risky.
A complementary mechanism will provide access to lending to space startups.
The European space sector is estimated to account for about 10 percent of the overall economy, and is expected to see its revenues double over the coming decade.
Xplore to fly sensors on OrbAstro nanosatellites
Xplore announced a contract Jan. 25 to purchase Orbital Astronautics Ltd. satellites for a variety of Earth-observation and astronomical missions.
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NASA hosted payloads waiting for rides to orbit
NASA continues to face difficulties in sending some of its payloads to orbit as hosted payloads on commercial satellites.
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Cause of Lucy solar array deployment problem identified
Engineers have identified the likely reason one of two solar arrays on NASA’s Lucy asteroid mission failed to latch in place after launch, but NASA is still studying whether to fix the problem.
