Biz Briefs: Intuitive Machines Sending AstroForge Spacecraft to Asteroid, Reaction Engines Raises $47.7 Million, HawkEye 360 Wins Contract and More

Contracts & Deals

Intuitive Machines Announces Agreement to Deliver AstroForge’s Asteroid Mining Payload

Houston-based Intuitive Machines, LLC has signed an agreement to deliver AstroForge’s Brokkr-2 spacecraft to deep space to observe an asteroid the California company is targeting for mining operations. Brokkr-2 is expected to launch during Intuitive Machines’ second lunar mission in the second half of 2023.

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Space SPAC Index: SatixFy Plunges 68% on Stock Sale, BigBear.ai’s Big Contract, AST SpaceMobile Signs MOU with Brazilian Telecom, BlackSky JV Appoints New CEO

Welcome to S-SPACi.

Shares of SatixFy Communications (NYS: SATX) plunged by $4.94 (68.3 percent) to $2.29 on Tuesday following the announcement that the Israeli satellite communications equipment manufacturer is looking to sell up to 28.4 million shares and $1 million in redeemable warrants.

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India Got its Groove Back, Made Progress on Commercializing Space Industry in 2022

When Shri S. Somanath assumed the chairmanship of the Indian Space Research Organisation (ISRO) last January, he took over a space agency that had been hit hard by the COVID-19 pandemic. ISRO conducted only four launches in 2020-21, one of which failed. The pandemic had wrecked an ambitious plan to launch Indian astronauts into orbit before the 75th anniversary of the nation’s independence from Britain in August 2022.

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Rocket Lab to Launch From U.S. for First Time on Tuesday

Rocket Lab is scheduled to launch its Electron rocket from U.S. soil for the first time on Tuesday. The window for the launch three signal collection satellites for HawkEye 360 from the Mid-Atlantic Regional Spaceport (MARS) in Virginia runs from 6-8 pm EST (23:00-01:00 UTC). The company will webcast the launch on YouTube.

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Weekly Biz Roundup: ClearSpace Raises $29 Million, CesiumAstro Acquires UK Startup, Blue Origin Exec Moves to HawkEye 360, and More

Welcome to this week’s business roundup. In today’s edition: ClearSpace, Stell and Magnestar complete raises; World View is set to become the world’s first space SPAC; CesiumAstro acquires an UK startup; Thales Alenia Space, Spaceflight Inc., Sidus Space announce new business deals; and multiple companies make executive appointments.

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Suborbital Flights Tested New Launch Vehicles in 2022

Once a sleepy backwater largely focused on scientific research, the suborbital launch sector has boomed in recent years. Private companies and governments across the globe conducted 29 flights to test orbital and suborbital launch vehicles and a range of technologies last year.

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Space SPAC Index: BigBear Sells More Stock, Management Changes at Satixfy, Spire Global & Virgin Galactic Plus News About Planet Labs & Virgin Orbit

SpaceShipTwo VSS Unity arrives at Spaceport America aboard WhiteKnightTwo VMS Eve. (Credit: Virgin Galactic)

Welcome to S-SPACi.

This week BigBear.ai sells more stock, management is shaken up at three space SPACs, Momentus signs a contract with FOSSA, Planet Labs teams with NASA to mitigate global food shortages, and Virgin Orbit’s price target gets cut in half after launch failure.

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South Korea Reached Major Space Milestones in 2022

The maiden launch of South Korea’s Nuri booster. (Credit: Korea Aerospace Research Institute)

On June 21, South Korea’s domestically manufactured Nuri rocket roared off the pad at the Naro Space Center and placed satellites into orbit for the first time. Six months later, South Korea’s first lunar probe entered orbit around the moon, putting an exclamation point on a breakthrough year for the emerging Asian space power.

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