SpaceTech VCLink

Pixxel, an Indian SpaceTech startup, has achieved a historic milestone by becoming the first Indian company to secure a contract under NASA - National Aeronautics and Space Administration's $476 million smallsat data collection program. Reported by Business Standard, Shine Jacob's article highlights Pixxel’s role in advancing hyperspectral earth observation for NASA’s environmental monitoring. CEO Awais Ahmed emphasized the transformational potential of hyperspectral imaging technology, while CCO Aakash Parekh spoke to the impact on scientific collaboration and earth science research. With more satellite launches planned, Pixxel is on its way to significantly influencing both scientific and commercial applications. https://lnkd.in/gWRSAyHX #SpaceTech #SpaceTechnology

Chinese spacetech startup iSpace has secured $99M in Series C funding to fast-track development of its reusable rocket, Hyperbola-3. Despite a checkered launch history, iSpace aims to become a key player in the reusable rocket race, hoping to match SpaceX’s feats. Xinding Capital and Sichuan Industrial Fund led the round, propelling the company toward its next big milestone in 2025. Learn more via Payload. https://lnkd.in/gZgqHgAB #SpaceTech #SpaceTechnology

An insightful article discusses Lumen Orbit (YC S24)'s innovative plan to build data centers in outer space. The Redmond-based startup aims to address the rising energy demands of AI by leveraging abundant solar energy in space. CEO Philip Johnston explains how this ambitious idea could significantly lower costs compared to traditional ground-based data centers. Explore how Lumen Orbit plans to use spacecraft, including SpaceX’s Starship, to turn this futuristic concept into reality. https://lnkd.in/dyr633dH #SpaceTech #SpaceTechnology

ATLAS Space Operations, Inc., a leading Ground Station as a Service (GaaS) provider, has secured $15 million in a growth investment round led by NewSpace Capital. The investment will support ATLAS in meeting its rapid growth needs and expanding its operations both in the U.S. and globally. John Williams, CEO of ATLAS, expressed gratitude for NewSpace Capital’s support, while Martin Halliwell, Partner at NewSpace Capital, highlighted ATLAS’s critical role in the space sector. The new funds underscore confidence in ATLAS's GSaaS technology, which enables secure, scalable, and real-time data access for space missions. https://lnkd.in/e3ukyu_D #SpaceTech #SpaceTechnology

Tech.eu reports that Involve Space, an Italian startup, has secured €2.5 million in a seed round to advance their cutting-edge stratospheric balloon technology for earth observation. Earlybird Venture Capital, leading the round, underscores the company's significant traction in the industry. Philipp Semmer, Partner at Earlybird-X, expresses excitement in backing Involve’s innovations. https://lnkd.in/d3Wd6Azj #CleanTech #Sustainability #ESG

Startup Daily highlights two South Australian spacetech startups, Safety from Space and AICRAFT, which recently secured $100,000 each from the South Australian Space Collaboration and Innovation Fund. These funds will support innovative projects, like Safety from Space’s lunar search and rescue system and AICRAFT’s advanced Synthetic Aperture Radar technology. The successful collaborations with NASA - National Aeronautics and Space Administration, Guerin Technologies, and other international partners, position South Australia at the forefront of global space innovation, with significant implications for interplanetary exploration and defense intelligence. https://lnkd.in/dG-3TpV3 #SpaceTech #SpaceTechnology

Space technology startups are struggling as venture capital firms pivot to safer bets amid economic challenges. According to Space Capital's Managing Partner Chad Anderson, investments in space tech have dropped substantially, with VC firms shying away from capital-intensive models. Atomos Space co-founder William Kowalski also highlighted how difficult fundraising has become in the current landscape. LifeLens360 covers how this shift is reshaping the spacetech industry's future. https://lnkd.in/dgKFB6Ky #SpaceTech #SpaceTechnology

Space technology is on the brink of redefining the global economy, with private firms like SpaceX and Blue Origin leading the charge in innovations such as reusable rockets and satellite communication networks. According to a recent blog post by Enventure, the sector is contributing over $200 billion annually to the U.S. economy alone, while global venture capital investment in space startups has surpassed $8 billion in 2023. The future is bright for space tech, with immense opportunities for investors, technologists, and entrepreneurs. https://lnkd.in/gHahwXRU #SpaceTech #SpaceTechnology

Xona Space Systems, a rising star in space tech, has secured $19 million in its Series A funding round, with Future Ventures and Seraphim Space leading the charge, as featured in IoT World Today. The company aims to develop a GPS-alternative satellite network, and the funds will accelerate the rollout of their low Earth orbit network. Xona's CEO, Brian Manning, and Seraphim Space partner, Rob Desborough, both highlight the transformative potential of Xona's Pulsar service for sectors like agriculture, defense, and autonomous systems. https://lnkd.in/dw2pCaZr #SpaceTech #SpaceTechnology

India's aerospace sector is reaching new heights with the upcoming launch of Rhumi-1, the country's first hybrid reusable rocket. Space Zone India, under the leadership of CEO Anand Megalingam, has developed this revolutionary rocket designed to drastically reduce space mission costs. Learn more about this significant advancement in space technology from Firstpost. https://lnkd.in/e9nkbmii #SpaceTech #SpaceTechnology