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☆ Berlin blocks complete takeover of satellite startup by Chinese firm - sources
▼ + stars: | 2023-09-13 | by ( Andreas Rinke | ) www.reuters.com time to read: +2 min

BERLIN, Sept 13 (Reuters) - The German government on Wednesday forbid the complete takeover of satellite startup KLEO Connect by a Chinese firm, two government sources told Reuters. The cabinet agreed a decision by the economy ministry not to let Shanghai Spacecom Satellite Technology, which already has 53% of the company, acquire the 45% minority stake of German company EightyLeo, according to the sources. Berlin last November blocked prospective Chinese investment in two domestic semiconductor producers after the moves raised concerns over national security and the flow of sensitive technological know-how to Beijing. The United states and the European Commission had also warned against the deal that had been long in the pipeline, according to sources and media reports. Reporting by Andreas Rinke; Writing Sarah Marsh; Editing by Friederike Heine and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Elon Musk, Chancellor Olaf Scholz, Andreas Rinke, Sarah Marsh, Friederike Heine, Louise Heavens Organizations: Wednesday, Reuters, Shanghai, Satellite Technology, KLEO Connect, SpaceX, HK, United, European Commission, Thomson Locations: Ukrainian, Sevastopol, Germany, China, Berlin, Beijing, Hamburg

CNN —President Joe Biden has decided that the headquarters of US Space Command will remain in Colorado and not move to Alabama, two US officials told CNN on Monday, reversing a decision by then-President Donald Trump. US Space Command, which is a joint command and separate from the US Space Force military branch, is currently housed in Colorado Springs, but the Air Force recommended near the end of Trump’s presidency that the command be moved to Huntsville, Alabama. Former Air Force Secretary Barbara Barrett also chose Huntsville as the preferred location for SPACECOM headquarters in 2021. Colorado Springs is home to Peterson Space Force Base, previously known as Peterson Air Force Base. Rep. Doug Lamborn, a Republican from Colorado and chair of the House Armed Services subcommittee on strategic forces, hailed Biden’s decision to keep Space Command headquarters at Peterson Space Force Base, calling it “the most viable option” and the “best permanent home” for the military’s newest combatant command.

Persons: Joe Biden, Donald Trump ., Frank Kendall, Biden, Barbara Barrett, James Dickinson, Defense Lloyd Austin, Kendall, ”, Republican Sen, Tommy Tuberville, Tuberville, SPACECOM, Tuberville’s, ” Tuberville, “, Katie Britt, Biden “ irresponsibly, yank, Robert Aderholt, Doug Lamborn Organizations: CNN, US Space Command, Donald Trump . US Space Command, US Space Force, Air Force, Huntsville , Alabama . Air Force, Force, Former Air Force, Huntsville, Space Command, Defense, of, Republican, The Department of Defense, Alabama, Department of Defense’s, ” Republican, Arsenal, Missile Defense Command, Colorado Springs, Peterson Space Force Base, Peterson Air Force Base, House Armed, “, Associated Press, SPACECOM Locations: Colorado, Alabama, Colorado Springs, Huntsville , Alabama, SPACECOM, Huntsville

☆ Earth & Beyond launches fund to invest in Israeli space-related firms
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Feb 9 (Reuters) - Earth & Beyond Ventures, a new early-stage venture fund investing in Israel’s emerging commercial space ecosystem, said on Thursday it had launched with commitments of $125 million. Earth & Beyond said it was backed by manufacturer and NASA supplier Corning Inc (GLW.N), Japanese electronics giant Kyocera Corp (6971.T), Israeli satellite firm SpaceCom (SCC.TA) and Samtec, a manufacturer of electronic connectivity components. Earth & Beyond said it would invest between $500,000 to $2 million for seed and pre-seed companies in technologies such as semiconductors, robotics, new materials, sensors, smart farms, quantum computing, solar power, cyber security, and alternative proteins. "Our job ... is to identify and support the deep technologies and ideas that can become powerful applications not just here on earth, but in space as well," said Earth & Beyond CEO Baruch Schori. Reporting by Steven Scheer Editing by Ari RabinovitchOur Standards: The Thomson Reuters Trust Principles.

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