Telesat Lightspeed will bridge the digital divide, create hundreds of new high-quality jobs in Canada, spur domestic investment and exports, and ensure Canada is at the forefront of the rapidly-growing New Space Economy

OTTAWA, Ont., August 12, 2021 (Telesat PR) – Telesat, one of the world’s largest and most innovative satellite operators, announced today that it expects to receive a $1.44 billion [USD $1.15 billion] investment from the Government of Canada to support Telesat Lightspeed, the world’s most advanced Low Earth Orbit (LEO) satellite network. This investment will drive economic growth and innovation in Canada and help ensure affordable broadband Internet and LTE/5G connectivity for all Canadians.

Under the terms of the agreement, the Government of Canada would provide a loan of $790 million and make a $650 million preferred equity investment in Telesat Lightspeed. In return, Telesat will commit to make certain minimum capital and operating expenditures in Canada in connection with the program and, in addition, to create hundreds of Canadian high-quality, full-time jobs and co-ops and provide academic scholarships. Through Telesat and its Canadian supply chain, the Telesat Lightspeed program is expected to support over 1,500 Canadian jobs, largely in STEM.

WASHINGTON, D.C., August 12, 2021 (Mynaric PR) — Mynaric and SpaceLink today announced the signature of a definitive agreement on the sale of optical inter-satellite link (OISL) terminals for satellites in Medium Earth Orbit (MEO) with a total order volume of up to $28 million depending on exercised options and SpaceLink’s satellite prime selection. Mynaric expects to ship SpaceLink’s first units during the first quarter of 2023. The deal includes mutually agreed upon milestone payments leading up to initial delivery.

“The final details of this agreement are just the beginning of a strategic partnership designed to bring fast, highly secure and continuous communications between spacecraft and the ground. Our industrialized approach to production will allow us to meet the expanded needs as SpaceLink’s constellation grows,” said Tina Ghataore, President, Mynaric USA and Chief Commercial Officer, Mynaric.

ALAMEDA, Calif., August 12, 2021 (Astra Space PR) — Astra Space, Inc. (“Astra”) (NASDAQ: ASTR), named Spire Global, Inc.,  as a launch customer, with plans to begin launching with Astra next spring.

“Our platform requires regular and reliable access to space,” said Robert Sproles, Senior Director, Constellation Planning and Operations at Spire Global Inc. “Astra’s dedicated launch service will provide the flexibility to deliver our satellites to the specific orbits they require, on our schedule.”

CHARLOTTE, N.C., August 12, 2021 (Satellogic PR)–Satellogic, the leader in sub-meter resolution satellite imagery collection, today announced a new partnership with GeoTerraImage, the premier geospatial solutions provider in southern Africa. GeoTerraImage will leverage Satellogic’s high-resolution multispectral satellite data and low-latency hyperspectral data for large-scale agriculture management to help the continent develop new food systems and food-security solutions.

GeoTerraImage is a trusted solutions provider for customers across Africa and globally. By leveraging Satellogic’s high-resolution, high-frequency geospatial data and combining it with their proprietary software and algorithms, GeoTerraImage will bring differentiated and value-added products and services to their end customers. Imagery from Satellogic’s growing constellation will fuel new agricultural analysis and dashboards to be utilized by organizations across the continent and beyond.

HOUSTON (NASA PR) — The Northrop Grumman Cygnus spacecraft was bolted into place on the International Space Station’s Earth-facing port of the Unity module at 9:42 a.m. EDT. Cygnus will remain at the space station for about three months until the spacecraft departs in November.

The spacecraft’s arrival brings more than 8,200 pounds of research and supplies to space station. Highlights of cargo aboard Cygnus include:

• Hanwha Systems of South Korea invests USD $300m for an 8.8% share
• Brings advanced technology capabilities to investor line-up
• Brings OneWeb total equity investment to USD $2.7bn

LONDON, 12 August 2021 (OneWeb PR) — Hanwha, the South Korean Fortune 500, global technology and manufacturing company has announced a USD $300m equity investment by Hanwha Systems (“Hanwha”) in OneWeb, the Low Earth Orbit (LEO) satellite communications company. Hanwha brings further defence capabilities and the latest antenna technologies to OneWeb, alongside relationships to new government customers and expanded geographical reach.

This investment brings OneWeb’s total equity investment since November 2020 to USD $2.7bn with no debt issuance. The investment is expected to be completed in the first half of 2022, subject to regulatory approvals.

LONG BEACH, Calif., August 11, 2021 (Rocket Lab PR) – Leading launch and space systems company Rocket Lab today announced it has signed a deal with in-space manufacturing company Varda Space Industries to produce three Photon spacecraft that will integrate with their space factories, enabling high-value products to be manufactured in zero-gravity and returned to Earth in Varda’s re-entry capsule.

SRIHARIKOTA, India — The GSLV-F10 launch took place on Thursday, August 12, 2021 at 0543 IST as scheduled. Performance of first and second stages was normal. However, cryogenic upper stage ignition did not happen due to technical anomaly. The mission couldn’t be accomplished as intended. EOS-03 was a state-of-the-art agile Earth observation satellite which was to have been placed in a Geosynchronous Transfer Orbit by GSLV-F10. The satellite was to have […]

VENICE, Calif. (Stable Road Acquisition Corp. PR) — Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (“Stable Road”) announced today that stockholders of Stable Road approved the proposed business combination with Momentus Inc. (“Momentus”), a U.S. commercial space company that plans to offer in-space infrastructure services, at the special meeting of stockholders (the “Special Meeting”) held on August 11, 2021.

The combined company will retain the Momentus name and its securities are expected to begin trading on the NASDAQ Global Select Market under the new symbol “MNTS” for Momentus stock and “MNTSW” for Momentus warrants on August 13, 2021, following the close of the business combination, which is expected to take place on August 12, 2021.

Over 97% of the votes cast at the meeting voted to approve the business combination. Holders of approximately 55% percent of Stable Road’s issued and outstanding shares cast votes at the Special Meeting.

JACKSONVILLE, Fla. and HOUSTON, Aug. 11, 2021 (Genesis Park Acquisition Corp. PR) — Genesis Park Acquisition Corp. (NYSE: GNPK) (“Genesis Park”), a publicly traded special purpose acquisition company, announced today that the U.S. Securities and Exchange Commission (“SEC”) has declared effective its registration statement on Form S-4 (File No. 333-257710), which includes Genesis Park’s definitive proxy statement/prospectus in connection with Genesis Park’s Extraordinary General Meeting of shareholders relating to the previously announced business combination (the “Business Combination”) with Redwire.

The Extraordinary General Meeting of Genesis Park’s shareholders will be held at 10:00 a.m. Eastern Time on September 1, 2021 in connection with the Business Combination. The proxy statement/prospectus is being mailed to the Company’s shareholders of record as of the close of business on August 2, 2021 (the “Record Date”).

WASHINGTON (NASA PR) — In a study released Wednesday, NASA researchers used precision-tracking data from the agency’s Origins, Spectral Interpretation, Resource Identification, Security-Regolith Explorer (OSIRIS-REx) spacecraft to better understand movements of the potentially hazardous asteroid Bennu through the year 2300, significantly reducing uncertainties related to its future orbit, and improving scientists’ ability to determine the total impact probability and predict orbits of other asteroids.

The study, titled “Ephemeris and hazard assessment for near-Earth asteroid (101955) Bennu based on OSIRIS-REx data,” was published in the journal Icarus.

SRIHARIKOTA, India (ISRO PR) — Geosynchronous Satellite Launch Vehicle-F10 (GSLV-F10) will launch Earth Observation Satellite, EOS-03 from the Second Launch Pad of Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota. The launch is tentatively scheduled at 0543 Hrs IST [0013 UTC] on Thursday, Aug. 12 [08:13 p.m. EST on Wednesday, Aug. 11], subject to weather conditions. EOS-03 is a state-of-the-art agile Earth observation satellite which will be placed in a Geosynchronous […]