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Category: Space

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EU signs $11B deal for sovereign satellite constellation to rival Musk’s Starlink

The European Union is forging ahead with plans for a constellation of internet satellites to rival Elon Musk-owned Starlink, after signing a €10.6 billion ($11.1B) deal to launch nearly 300 satellites into low- and medium-Earth orbits by 2030. The bloc wants the space tech to boost its digital sovereignty by providing secure comms to governments.…

Fleet Space raises $100M to scale satellite-enabled mineral prospecting tech

Late-stage deals in space have been on the decline this year, but one notable exception is Fleet Space Technologies’ $100 million Series D.  The Adelaide, Australia-based startup raised the new funding to accelerate the development of ExoSphere, a platform to enable real-time mineral prospecting from space. The company currently has two satellites in low Earth…

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