There’s good news and bad news in the latest scientific assessment of Earth’s vital ozone layer, which helps to protect life on Earth by absorbing the Sun’s ultraviolet light.

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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.

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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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.

Lots of raises, contracts, grants and more as we powered through the second week of 2023. Let’s take a look.

Partnership

Voyager Space and Airbus Defence and Space are partnering to develop and operate Starlab, a free-flying space station set for launch in 2028 that will serve NASA and a global customer base of space agencies and researchers. Airbus will provide technical design support and expertise for the Starlab station.