Maxar Technologies will become a private company through a merger with private equity firm Advent International after not receiving any other acquisition proposals during a 60-day “go shop” period.

Blue Origin Wins NASA Launch Contract

Blue Origin has won a $20 million contract to launch NASA’s Escape and Plasma Acceleration and Dynamics Explorers (ESCAPADE) mission to Mars in late 2024 aboard the company’s as-yet not flown New Glenn rocket.

WASHINGTON (NASA PR) — NASA announced Friday the Psyche asteroid mission, the agency’s first mission designed to study a metal-rich asteroid, will not make its planned 2022 launch attempt.

Due to the late delivery of the spacecraft’s flight software and testing equipment, NASA does not have sufficient time to complete the testing needed ahead of its remaining launch period this year, which ends on Oct. 11. The mission team needs more time to ensure that the software will function properly in flight.

HOUSTON (Intuitive Machines PR) – The Department of Energy and NASA awarded IX, a joint venture between Intuitive Machines and X-energy, a contract to conduct a one-year study to mature the design of a Fission Surface Power (FSP) solution that will deliver at least 40 kWe power flight system to the Moon by 2028.

WESTMINSTER, Colo. (Maxar Technologies PR) — Maxar Technologies (NYSE:MAXR) (TSX:MAXR) (“Maxar” or the “Company”), a provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced the pricing of the previously announced offering of its $500 million in aggregate principal amount of 7.75% senior secured notes due 2027 (the “notes”). The notes were offered and sold in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The notes will have an interest rate of 7.75% per annum and will be issued at a price equal to 100% of their face value.

WESTMINSTER, Colo. (Maxar Technologies PR) –Maxar Technologies (NYSE:MAXR) (TSX:MAXR) (“Maxar” or the “Company”), a provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced the commencement of a private offering of $500 million aggregate principal amount of its senior secured notes due 2027 (the “notes”). The notes will be senior, first-priority secured obligations of the Company initially guaranteed on a senior, first-priority secured basis by the Company’s subsidiaries that are guarantors under its existing syndicated credit facility. In connection with the issuance of the notes, the Company intends to amend and restate that certain credit agreement under its existing syndicated credit facility, among the Company, Royal Bank of Canada and the lenders from time to time party thereto (the “Amendment and Restatement”). The proposed offering is subject to market and other conditions.

WESTMINSTER, Colo. (Maxar Technologies PR) — Maxar Technologies (NYSE:MAXR) (TSX:MAXR) (“Maxar” or the “Company”), a provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced financial results for the quarter ended March 31, 2022. All dollar amounts in this press release are expressed in U.S. dollars, unless otherwise noted.

Key points from the quarter include:

• Consolidated revenues of $405 million
• Net loss of $7 million
• Diluted net loss per share of $0.10
• Adjusted EBITDA¹ of $84 million
• Operating cash flows of $48 million

1. This is a non-GAAP financial measure. Refer to section “Non-GAAP Financial Measures” in this earnings release.

CHANTILLY, Va. (NRO PR) — The National Reconnaissance Office (NRO) today announced the results of its largest ever commercial imagery contract effort, awarding Electro-Optical Commercial Layer (EOCL) to BlackSky, Maxar, and Planet. Valued at billions of dollars over the next decade, these contracts mark a historic expansion of the NRO’s acquisition of commercial imagery to meet increasing customer demands with greater capacity than ever before .

“The NRO has a longstanding strategy of ‘buy what we can, build what we must’,” said .Dr. Chris Scolese, director of the NRO. “The diversity offered by our expanding architecture comprised of both commercial and NRO systems increases our resilience and enables an integrated approach to the threats facing our Nation.”

Due to its unclassified and shareable nature, commercial remote sensing data offer important benefits, including increased transparency, mission-critical awareness , and humanitarian assistance. EOCL ‘s unique situational design, featuring user-friendly license agreements and built-in contract flexibility, maximizes shareability across a diverse customer base.

HERNDON, Va. (Space Industry for Ukraine PR) — Leaders of the space community today announced the Space Industry for Ukraine (SIFU), an initiative designed to fund and execute efforts that provide immediate humanitarian aid to the people of Ukraine. The initiative will be run by a steering committee, which includes HawkEye 360, National Security Space Association (NSSA), ABL Space Systems, ARKA, BlackSky, Capella Space, ICEYE, Insight Partners, Leidos, LeoLabs, Maxar, Raytheon Intelligence & Space, Rebellion Defense, Relativity Space, Riverside Research, Rocket Lab, Velos and Viasat. The steering committee will fundraise, select and monitor the execution of critical humanitarian projects throughout Ukraine and its neighboring countries. Additional participating donor companies include The Aerospace Corporation, Cognitive Space and Shield Capital.

Maxar’s strategic investment layers its best-in-class satellite imagery with Blackshark.ai’s semantic 3D geospatial platform to provide rapidly updated, comprehensive geospatial intelligence and 3D representation at global scale. 

GRAZ, Austria (Blackshark.ai PR) — Maxar Technologies, provider of comprehensive space solutions and secure, precise, geospatial intelligence, strategically invested in Blackshark.ai, a leading provider of AI-powered geospatial analytics services. The partnership represents Maxar’s commitment to innovation within its 3D Earth Intelligence product portfolio.