Intuitive Machines ’ stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites. The five-year contract has a maximum total value of $4.82 billion.
SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week’s United Airlines deal. United announced it would retrofit more than 1,000 planes with Starlink and offer Wi-Fi for free.
The NATO Innovation Fund announced its first fund investment in Aquark Technologies as part of a €5 million seed round. Aquark took part in the Seraphim Space Accelerator's Mission 5 cohort. The investment in Aquark’s unique, proprietary technology is an important step towards securing the critical infrastructure that underpins key sectors like defence, telecommunications and finance, which rely on precise signals for accurate positioning, navigation and timing.
Authorities in Ottawa and Montreal approved C$2.54B ($1.87B) in public loans for Telesat's Lightspeed 198-satellite LEO broadband network last week.
Indian information technology giant Infosys announced plans Sept. 19 to invest about $2 million in Indian Earth-observation startup GalaxEye Space. GalaxEye was part of the Seraphim Space Accelerator's Mission 11 cohort.
