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WC/ 10.02.25

k2 space raises $110m to scale up satellite production

K2 Space, a satellite manufacturing startup aiming to disrupt the industry with lower-cost, high-capacity spacecraft, has raised $110 million in a Series B funding round co-led by Lightspeed Venture Partners and Altimeter Capital.

doge to examine nasa payments

NASA’s acting administrator says the new Department of Government Efficiency (DOGE) organization will be examining payments at the agency but that safeguards are in place to prevent any conflicts of interest involving Elon Musk.

Lynk Global fundraise passes $85 million as direct-to-smartphone satellite race heats up

Lynk Global has raised more than $85 million to expand its direct-to-smartphone satellite network, as growing momentum from SpaceX and AST SpaceMobile highlights the market’s emerging potential.

satellite startup apex wins $45.9 million space force contract

Satellite manufacturing startup Apex Technology secured a $45.9 million contract from the U.S. Space Force, the Pentagon announced Feb. 12.

mda Space Wins Mega Contract To Build Globalstar’s Network

MDA Space won a $1.1B CAD ($768.1M) contract from Globalstar to build the company’s next-generation LEO constellation, the companies announced yesterday.