Finance
April 23, 2024
Spanish launcher in development PLD Space has raised 78 million euros ($84 million) from investors, the company announced Tuesday. The company plans to use the funds to open the first rocket factory in Elche, Spain in mid-2024. This new funding is in addition to 42 million euros ($45 million) the company received from the Spanish…
April 23, 2024
Lockheed Martin increased both sales and operating profit in the company’s Space segment in the first quarter of 2024, compared to the same time period in 2023. Space posted $3.3 billion of sales in Q1. Lockheed Martin reported higher sales on Fleet Ballistic Missile (FBM), and ramp up in the hypersonic and Next Generation Interceptor…
April 22, 2024
Seraphim Space closed a new venture fund, Seraphim Space Ventures II LP, with backing from satellite operator Eutelsat Communications, Japanese telco NEC and Japanese satellite operator SKY Perfect JSAT. Seraphim announced the first close of the SSV II fund on Monday. The fund will be focused on investing in Seed and Series A-stage companies. Seraphim…
April 22, 2024
Dhruva Space, a space engineering solutions provider based in Hyderabad, India, marked the final close of its Series A funding at 123 Indian crores ($15 million). The funding will go toward the company’s new spacecraft manufacturing facility, business acquisition plans, and product offerings. Dhruva Space announced the end of the funding round on April 22. …