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WC/ 11.12.23

SpaceX valuation climbs to $180bn

The valuation of Elon Musk’s space and internet company SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed Wednesday. The company is discussing an agreement with investors to sell stock from insiders in a purchase offer at $97 a share, according to a person familiar with the discussions. SpaceX’s latest valuation ranks it above the market value of top U.S. defense contractors as well as the most valuable U.S. telecommunications companies.

armada emerges from stealth with $55m

One-year-old data networking startup Armada came out of stealth after raising more than $55 million to develop computing tools promising to empower remote devices connected to Starlink.

FCC Reaffirms its Decision to Deny Starlink $886m Subsidy

The FCC upheld its 2022 decision to deny Starlink an $886M Rural Digital Opportunity Fund subsidy aimed at expanding internet connectivity into rural areas.

EUMETSAT Awards Spire Global Multi-Million Euro Contract for Satellite Weather Data

Spire Global, a global provider of space-based data, analytics and space services, has been awarded a multi-million euro contract by EUMETSAT, Europe’s meteorological satellite agency, to provide radio occultation (RO) data.

Apex to open new satellite factory in Los Angeles

Satellite manufacturer Apex will open a new factory next year to ramp up production of small satellites.