Binding term sheet for equivalent of EUR 1,834,477 secured convertible note agreed
First tranche of EUR 1.22 million, due on 2 September 2019 is subject to the execution of definitive documentation
Second tranche of EUR 611 443 is available on the same terms at the discretion of investors
Both tranches at 6-months term
Funding will start procurement of 2nd cluster of satellites and their 2020 launch
LUXEMBOURG, 22 August 2019 (Kleos Space PR) — Kleos Space S.A. (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data-as-a-service (DaaS) company, is pleased to announce it has entered into a binding term sheet for a EUR 1.83 million debt instrument, to be issued in the form of secured convertible notes.
LIVERMORE, Calif. (Lawrence Livermore National Laboratory PR) — The population of human-made satellites orbiting Earth has skyrocketed over the past 60 years. Launches nearly doubled from 2016 to 2017, and a significant contributor to this growth has been the development and implementation of small satellites that are easier and less expensive to build and more cost efficient to launch than conventional ones. Today, the hottest destination for these spacecraft is low-Earth orbit (LEO)—in the range of a few hundred kilometers above the planet’s surface.
Agreement to provide all-European solutions for smallsat launches including purchase of launches from Scottish spaceport on Orbex Prime launcher
LOGAN, Utah, August 7, 2019 (ISL PR) – Innovative Space Logistics B.V. (ISL) and UK-based orbital launch services provider Orbex today signed a wide-ranging Cooperation Agreement at the 33rd Annual Conference on Small Satellites in Logan, Utah. The co-operation will include technical launch services including launch manifest coordination and payload integration. As part of the agreement, ISL will also procure orbital space launches from Orbex for a number of its smallsat customer missions.
VOSTOCHNY COSMODROME, Russia (ESA PR) — The latest ESA Partnership Projects mission has launched two tiny supercomputing nanosatellites aboard a Soyuz rocket from Vostochny in Russia.
The parallel supercomputing scalable devices, aboard the lightweight, shoebox-sized nanosatellites, can be programmed to both receive and process data while in orbit. This enables them to select high-quality data and immediately transfer it to Earth.
HAWTHORNE, Calif. (SpaceX PR) — The Department of Defense (DoD) Space Test Program-2 (STP-2) mission, managed by the U.S. Air Force Space and Missile Systems Center (SMC), is targeting launch on June 24, 2019, with the launch window opening at 11:30 p.m. ET. Lifting off from Launch Complex 39A at the Kennedy Space Center in Florida, this mission will deliver 24 satellites to space on the DoD’s first ever SpaceX Falcon Heavy launch vehicle.
The STP-2 mission will be among the most challenging launches in SpaceX history with four separate upper-stage engine burns, three separate deployment orbits, a final propulsive passivation maneuver and a total mission duration of over six hours. In addition, the U.S. Air Force plans to reuse side boosters from the Arabsat-6A Falcon Heavy launch, recovered after a return to launch site landing, making it the first reused Falcon Heavy ever flown for the U.S. Air Force. (more…)
IRVINE, Calif., February 5, 2019 (Myriota PR) – Myriota Pty Ltd has partnered with Tyvak Nano-Satellite Systems, Inc. to develop and launch multiple satellites in 2019, taking Myriota another step towards its goal of having a constellation of 50 nanosatellites.
Each satellite will run Myriota’s unique, patented software which provides reliable, direct-to-satellite Internet of Things (IoT) connectivity for millions of users worldwide.
MIDLAND, Texas (NanoAvionics PR) — NanoAvionics today announced it will build, integrate, launch and operate three new low-Earth-orbit (LEO) nano-satellites for AST & Science starting early this year.
AST & Science acquired a controlling interest in NanoAvionics in March 2018 as part of its strategy to establish manufacturing capabilities in Europe and North America. Abel Avellan, CEO and chairman of AST & Science serves as chairman of NanoAvionics’ Board of Directors.
ATLANTA (SpaceWorks PR) — SpaceWorks Enterprises, Inc. (SEI) announced today the release of its annual nanosatellite and microsatellite market forecast. The 9th edition of this report details the latest observations and trends in the nano/microsatellite market.
TUCSON, Ariz., Jan. 11, 2019 (Vector PR) —Vector, a space access company serving the over $300 billion space market, today announced it will conduct a dedicated launch of a nanosatellite for Hiber later this year from the Pacific Spaceport Complex – Alaska in Kodiak. Hiber, a Dutch company with two nanosatellites already in orbit, plans to utilize the Vector-R dedicated small satellite launch system to deploy its nanosatellite.
SRIHARIKOTA, India (ESA PR) — The first ‘Pioneer’ mission lifted off last week from Sriharikota, India, with the two inventive little nanosatellites now circling the Earth, ready for action.
The shoebox-sized satellites were launched at 04:27 GMT into low Earth orbit by the Indian Space Research Organisation’s PLSV launcher, and opened their first communication windows with their owner, Spire Global, less than an hour after they separated from the rocket.
PUNE, India (QYResearch PR) — Nanosatellites and microsatellites (NaM) are mainly used for space research, earth observation and communication purposes. Besides these uses, application of nanosatellites and microsatellites is also seen in defense and military sector and for commercial purposes. Nanosatellites and microsatellites are basically used for research requirements and for scientific objectives on a large scale.
The Global Nanosatellite and Microsatellite Market Estimated to grow at a CAGR of +12% during forecast period.
STOCKHOLM (GomSpace PR) — As part of a mission to demonstrate interlink communication on nanosatellite tandem formation flights and data retrieval, including surveillance of the Arctic area, the Danish nanosatellite specialist GomSpace launched two nanosatellites in February.
Twelve weeks later, GomSpace for the first time showed the possibility of live data capture from the two nanosatellites in space at a press conference held in Aalborg, Denmark. At the same time, the press conference marked the official transition to the so-called demonstration phase, following the mission’s test phase. The latter has thus been successfully completed, and the mission is now ready to carry out its scheduled tasks.
ATLANTA, January 30, 2018 (SEI PR) – SpaceWorks Enterprises, Inc. (SEI) announced today the release of its annual nanosatellite and microsatellite market forecast and the unveiling of its updated SpaceWorks Commercial website.
Projections indicate as many as 2,600 nano/microsatellites will require launch over the next 5 years. The 2018 market forecast is available in presentation form as a free download on the SpaceWorks Commercial website, www.spaceworkscommercial.com.
TORONTO, Jan. 22, 2018 (Kepler Communications PR) — A new era in space communications began on Friday, January 19 with the successful launch of an ultra-low-cost telecommunications satellite from Canada-based Kepler Communications. The mission serves as a technology demonstration for Kepler’s novel Ku-band telecommunications payload, and offers the best price per MHz of any communication satellite on the market.
With this launch, the Canadian start-up becomes the first commercial company ever to launch and successfully operate a LEO communications satellite in Ku-band. This highly valuable frequency band is ideal for telecommunication services, and is currently being sought for use by many companies planning on deploying mega-constellations of satellites. Kepler’s network of satellites will eventually enable in-space connectivity for other satellites, space stations, and transport vehicles.
I realize it’s a bit late, but here’s a look back at the major developments in space in 2017.
I know that I’m probably forgetting something, or several somethings or someones. Fortunately, I have eagle-eyed readers who really seem to enjoy telling me just how much I’ve screwed up. Some of them a little too much….
So, have at it! Do your worst, eagle-eyed readers!