Myriota Launches New Tech on SpaceX’s Falcon 9 SmallSat Express Mission

Myriota co-founders CTO Dr. David Haley and CEO Dr. Alex Grant with nanosatellite frame. (Credit: Myriota)

ADELAIDE, Australia (Myriota PR) — Myriota is rolling out its next generation technology that will continue to grow direct-to-orbit communications for hundreds of millions of Internet of Things (IoT) devices thanks to today’s launch on SpaceQuest’s BRIO satellite.

Launched as part of Spaceflight’s SSO-A SmallSat Express mission, the satellite will be delivered to orbit on SpaceX’s Falcon 9 rocket; adding to Myriota’s growing constellation by testing and demonstrating its IoT network.

(more…)

First Quarter Commercial Space Investment Reached Nearly $1 Billion

SpaceX Falcon 9 lifts off with a Dragon resupply ship on April 2, 2018. (Credit: NASA)

by Douglas Messier
Managing Editor

SpaceX received $500 million of the nearly $1 billion in investment raised by commercial space companies during the first quarter of 2018, according to the Space Investment Quarterly report from Space Angels.

“SpaceX shows no signs of slowing down—after the inaugural flight of the Falcon Heavy, the company secured $500 million from Fidelity Investments to drive development of their satellite communications network, Starlink,” the report added.

(more…)

Reaction Engines Receives $37.6 Million Investment

Skylon with the SABRE engine. (Credit: Reaction Engines)

Reaction Engines has received a large investment by Boeing HorizonX and two other companies, CNBC reports.

The U.S. industrial giant joined Rolls-Royce and defense company BAE Systems in a $37.6 million fundraising round for U.K.-based propulsion company Reaction Engines. This is both the second foreign investment and the second space investment for Boeing HorizonX Ventures, which contributed to the $15 million funding round for Australian satellite company Myriota last month.

Reaction Engines’ advanced propulsion “could change the future of air and space travel,” according to Boeing HorizonX vice president Steve Nordlund.

“We expect to leverage their revolutionary technology to support Boeing’s pursuit of hypersonic flight,” Nordlund said in a statement.

Reaction Engines, which has now raised more than $140 million over the last three years, is developing a hybrid jet and rocket engine. In theory, the company’s SABRE engine will be capable of operating as a jet at take-off and transitioning to a rocket at higher altitudes.

Nanosatellite IoT Startup Myriota Closes US$15 Million Series A Round With Global Investors

Myriota co-founders CTO Dr. David Haley and CEO Dr. Alex Grant with nanosatellite frame. (Credit: Myriota)

ADELAIDE, Australia (Myriota PR) — Myriota, global leader in nanosatellite internet of things (IoT) connectivity, has closed a US$15 million Series A funding round.

The round was led by Australian VC firms Main Sequence Ventures and Blue Sky Venture Capital and included Boeing HorizonX Ventures, Singtel Innov8 and Right Click Capital. It is globally the largest round announced to date for a tech startup using Space 2.0 for IoT. It is also the first investment outside the United States for Boeing HorizonX Ventures.

(more…)