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☆ FAA closes investigation into Blue Origin rocket failure, requires 21 'corrective actions'
▼ + stars: | 2023-09-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Federal Aviation Administration closed its investigation into last year's failed flight of a cargo mission by Jeff Bezos' Blue Origin, the regulator announced Wednesday. Blue Origin is required by the FAA to "implement 21 corrective actions," the regulator said in a statement. The FAA noted that Blue Origin will not be clear to launch New Shepard until after Blue Origin implements "all corrective actions that impact public safety" and receives an updated launch license. "We've received the FAA's letter and plan to fly soon," a Blue Origin spokesperson said in a statement. Earlier this year, Blue Origin said the source of the issue was an overheated part in the rocket engine's nozzle.

Persons: Shepard, Jeff Bezos, We've, New Shepard Organizations: Federal Aviation Administration, FAA, Shepard, Origin, BE, Blue Locations: West Texas, Texas, New

Limp joins Blue Origin at a key phase of the company's multiple space projects. Earlier this year Blue Origin won a $3.4 billion NASA contract to build a lunar lander for the agency's astronauts. However, Blue Origin has since hired aggressively. Read Bezos' message to Blue Origin employees on Monday:I'm excited to share that Dave Limp will join Blue starting December 4th as CEO, replacing Bob, who has elected to step aside on January 2. JeffRead Smith's message to Blue Origin employees:Team Blue, It's been about six years since I joined Blue Origin.

Persons: Limp, Shepard, Smith, Panos Panay, Bezos, Alexa, Limp's, Andy Jassy, Jeff Bezos, Blue, Bob Smith, Origin's, Glenn, –, Read, Dave Limp, Bob, I'd, we've, We've, I've, Dave, Jeff Read, It's, Jeff, I'm, Ferociter, Dave Limp's Organizations: Amazon, Alexa, CNBC, NASA, Blue Origin, Bloomberg, Microsoft, Billionaire, Blue Origin's, Origin, Honeywell, Shepard, Pentagon, U.S . Space Force, Elon, SpaceX, Blue, Amazon Devices, Services, Apple Locations: Van Horn , Texas, U.S, Alabama, Florida, California , Arizona, Colorado, Kent

☆ Sierra Space raising nearly $300 million from Japanese consortium at $5 billion valuation
▼ + stars: | 2023-09-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Sierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, is finalizing a raise of nearly $300 million, CNBC has learned. Sierra Space expects to announce the raise as soon as this week, those people said. Two years ago, Sierra Space raised $1.4 billion at a $4.5 billion valuation from investors including General Atlantic, BlackRock, AE Industrial Partners, Coatue and Moore Strategic Ventures. The fresh funds come as Sierra Space focuses on getting its Dream Chaser spaceplane flying. Sierra Space is also one of several companies working on a private space station.

Persons: MUFG Organizations: Space, Sierra Nevada Corporation, CNBC, Sierra, Tokio Marine, Citigroup, General Atlantic, Partners, Coatue, Moore Strategic Ventures, NASA Space Shuttle, United, Vulcan Locations: Tokio, BlackRock

☆ Investing in Space: Firefly's successful launch represents a key moment for company's future
▼ + stars: | 2023-09-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

The view from the upper stage of Firefly's Alpha rocket after deploying the Victus Nox satellite in orbit on Sept. 14, 2023. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But a few space insiders knew what was up: Firefly's Alpha rocket, carrying the Space Force's ambitious Victus Nox mission with a satellite built by Millennium. The trio of space organizations was targeting a seemingly absurd 24-hour launch timeline per the Space Force's rapid response goals. First, this was the third Alpha rocket that Firefly's launched.

Persons: CNBC's Michael Sheetz, Firefly's, Bill Weber, Vandenberg, Weber, –, MLV, we'll Organizations: Alpha, CNBC's, Millennium, Safari, Space, Firefly, Northrop Grumman, Northrop Locations: Texas

☆ SpaceX countersues Justice Department, seeking to dismiss hiring discrimination case
▼ + stars: | 2023-09-20 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Elon Musk's SpaceX sued the U.S. Department of Justice in a Texas federal court, as the company aims to stop the DOJ's hiring discrimination case on constitutional grounds. Unlike SpaceX's suit, filed in the Southern District of Texas, the DOJ suit was filed within a division of the agency that adjudicates immigration cases, a key point of contention in the company's response. "SpaceX has not engaged in any practice or pattern of discriminating against anyone, including asylees or refugees. SpaceX's suit names a trio of defendants, including U.S. Attorney General Merrick Garland. SpaceX's hiring tops the acceptance rates of even the most selective, elite U.S. colleges, as "only about 1% of applications result in a hire," according to the company.

Persons: Elon, Akin Gump Strauss Hauer, Feld, General Merrick Garland Organizations: SpaceX, U.S . Department of Justice, DOJ, Southern District of, U.S, Export Administration, Persons Locations: Texas, U.S, Southern District, Southern District of Texas

☆ Rocket Lab stock drops 25% after first launch failure in over two years
▼ + stars: | 2023-09-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Rocket Lab stock fell in premarket trading after the company suffered its first launch failure in over two years early Tuesday morning. "We are deeply sorry to our partners Capella Space for the loss of the mission," Rocket Lab said in a statement. Shares of Rocket Lab fell as much as 26% in premarket trading from its previous close at $5.04. But Rocket Lab warned it will be postponed while it resolves the launch failure. After its previous launch failure, Rocket Lab launched its next Electron mission 70 days later.

Persons: Space – Organizations: Rocket, Space, Federal Aviation Administration, Capella Space, Elon, SpaceX, Lab Locations: New Zealand, Acadia, San Francisco, U.S

☆ Investing in Space: Industry enters new era with tight funding and SpaceX dominance
▼ + stars: | 2023-09-14 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. BogeymanSpaceX feels a bit like Voldemort here: Whether it's the launch or satellite communications markets, SpaceX's dominance was a hot topic. While the company hasn't made any claims yet, the insurance market ramifications are looming. Because I think the one issue that creates dysfunction in this insurance market is … do you have enough volume to make up for this loss? … They're trying to figure out what 2024 is going to hold."

Persons: CNBC's Michael Sheetz, SpaceX's Starlink, Uninsurable, hasn't, Here's, they've, … They're, –, Jonathan Baliff, Henry Dubois, Adam Spice, EXIM, Judith Pryor, Pryor, there's Organizations: SpaceX, We're Locations: Paris, U.S

☆ SpaceX no longer taking losses to produce Starlink satellite antennas, a key step to improving profitability
▼ + stars: | 2023-09-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

PARIS – Elon Musk's SpaceX is no longer absorbing the cost of the Starlink antennas that it sells with its satellite internet service, a company executive said on Wednesday, a key step to the company improving its profitability. "We were subsidizing terminals but we've been iterating on our terminal production so much that we're no longer subsidizing terminals, which is a good place to be," Jonathan Hofeller, SpaceX vice president of Starlink and commercial sales, said during a panel at the World Satellite Business Week conference. SpaceX sells consumer Starlink antennas, also known as user terminals, for $599 each. For more demanding Starlink customers – such as mobile, maritime, or aviation users – SpaceX sells antennas with its service in a range from $2,500 to $150,000 each. When SpaceX first began selling its Starlink service, company leadership said the terminals cost about $3,000 each to manufacture.

Persons: PARIS – Elon, Jonathan Hofeller Organizations: SpaceX

☆ SpaceX’s Starlink partners with European satellite giant SES for combined cruise market service
▼ + stars: | 2023-09-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

SES will manage the joint offering, called "SES Cruise mPOWERED + Starlink," as a service that it says will provide high-speed, reliable internet service to cruise ships, regardless of whether they're clustered in port or far out at sea. PARIS – European satellite operator SES is teaming up with SpaceX's Starlink to offer a combined service to cruise operators, the companies announced on Wednesday. SpaceX has launched over 5,000 Starlink satellites to date and had over 1.5 million customers as of May. SES said it's in discussions with multiple initial cruise customers for the combined service, but declined to specify further. And the companies are also talking about other potential markets that would be a fit for the combined SES and Starlink service.

Persons: Pinto, MEO, Ruy Pinto, SpaceX's Starlink, Chad Gibbs, Starlink, it's, " Pinto Organizations: SES, GEO, MEO, LEO, CNBC, SpaceX, Starlink, Intelsat, Royal Caribbean Cruises, Revenue Locations: Luxembourg, PARIS, European

☆ SpaceX’s near monopoly on rocket launches is a ‘huge concern,' Lazard banker warns
▼ + stars: | 2023-09-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

"I think it's a huge concern," Vikram Nidamaluri, managing director of telecom, media, and entertainment at Lazard, said during a panel at the World Satellite Business Week conference on Monday. "Having such a dominant launch provider is probably not healthy just in general for the commercial prospects of the industry," Nidamaluri added. Nidamaluri echoed concerns about a rocket launch monopoly raised by others in the space industry this year. Rocket launches are a potential bottleneck in the process of flying valuable satellites, spacecraft, and astronauts in orbit. Beyond the U.S. rocket market, SpaceX leads the world in both launches and spacecraft mass delivered to orbit each quarter.

Persons: Vikram Nidamaluri, Lazard, Elon, Nidamaluri, hasn't, – Organizations: Telecom, Media, Entertainment, Lazard, SpaceX, Rocket, Falcon Locations: PARIS, China

☆ Investing in Space: Beyond the battlefield
▼ + stars: | 2023-09-12 | by ( Morgan Brennan | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. "Defense happens to be our largest customer and market that we serve, but we make systems that go beyond in terms of applications, to more product lines or capabilities have very direct implications to space," Nawabi said on CNBC's "Manifest Space" podcast. It's best known perhaps for the design and development of the Mars Ingenuity helicopter with NASA's Jet Propulsion Laboratory. Recently, however, Ingenuity conducted its 57th flight, surpassing 100 minutes of total Mars flight time. The lessons learned from this endeavor will also apparently bolster the emerging space robotics business.

Persons: CNBC's Michael Sheetz, Morgan Brennan, Michael Sheetz, AeroVironment, Wahid Nawabi, Nawabi, There's Organizations: CNBC, Revenue, NASA's Jet Propulsion Laboratory, NASA, Softbank, Airbus, FAA Locations: Ukraine, Simi Valley, Calif

☆ U.S. export credit agency is working through $5 billion pipeline of space financing, vice chair says
▼ + stars: | 2023-09-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

PARIS – The U.S. export credit agency is working through a $5 billion pipeline of applications related to the space industry, as companies look to fund projects in orbit in a tighter capital market. The Export-Import Bank of the United States, or EXIM, is no stranger to financing space projects such as satellite and rocket products. EXIM generally sees more applications during tougher economic times, as the previous bulk of its financing for the space sector came between 2010 and 2015. EXIM has helped U.S. space companies win contracts for foreign entities, especially to give an extra edge when they are competing with China. The bank acts as an alternative lender to support U.S. companies and examines "each individual transaction on its own merits" rather than focus on specific areas of the space industry, Pryor said.

Persons: Judith Pryor, EXIM's, EXIM, Pryor Organizations: PARIS, Import Bank, China Locations: The U.S, United States, U.S

☆ Telesat buys SpaceX launches for Lightspeed internet satellites
▼ + stars: | 2023-09-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. The agreement covers 14 launches of the Canadian venture's Lightspeed internet satellites. SpaceX has used its rockets to launch communications satellites for companies that compete directly or indirectly with its global Starlink internet network. These deals come as an Amazon shareholder alleges the company snubbed SpaceX for launch contracts of the tech giant's Kuiper internet satellites. Earlier this summer Telesat announced a swap in the manufacturer of its Lightspeed satellites, with Canadian space company MDA taking the place of French-Italian manufacturer Thales Alenia Space.

Persons: Elon Musk's, Dan Goldberg, Goldberg, Jeff Bezos, Glenn, Starlink, Telesat Organizations: PARIS, SpaceX, Elon, Elon Musk's SpaceX, Canadian, Lightspeed, CNBC, Viasat, Glenn, New Glenn, SpaceX's, MDA, Thales Alenia Space Locations: Italian

☆ Bezos snubbed Musk's SpaceX for huge satellite launch contract, Amazon shareholder says
▼ + stars: | 2023-09-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

An Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos' personal rivalry with Elon Musk , who has taunted his fellow billionaire's space ambitions for years. Last year, Amazon announced what it called the biggest rocket deal in the commercial space industry's history, signing launch contracts with United Launch Alliance (ULA), Arianespace, and Bezos' Blue Origin. Blue Origin has yet to provide a statement in response to CNBC's request for comment on the lawsuit. In January 2022, the suit says Bezos' team told the Amazon audit committee that two contracts had been fully negotiated with Blue Origin and ULA. "Bezos, it must be assumed, could not swallow his pride to seek his bitter rival's help to launch Amazon's satellites," the suit adds.

Persons: Jeff Bezos, Elon Musk, Bezos, –, Andy Jassy, Eisenhofer, Origin's, ULA Organizations: SpaceX, Tesla, Origin, Cleveland Bakers, Teamsters Pension Fund, Amazon, Elon, United Launch, CNBC, CB, Blue, FCC, Foods Locations: Delaware, New York

☆ Investing in Space: Why the Pentagon is spending billions to build its own satellite constellation
▼ + stars: | 2023-08-31 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Low Earth orbit satellite constellations are all the rage, but up to this point they've been the prospective domain of commercial entities. SDA is about to launch the second mission of its constellation known as the "Proliferated Warfighter Space Architecture," or PWSA. The Transport satellites in Tranche 0 cost about $15 million each, according to Jennifer Elzea, the agency's chief of strategic engagement. Investing in Space programming note: I will be out next week, but back the following for the World Satellite Business Week conference in Paris!

Persons: Lockheed Martin's, CNBC's Michael Sheetz, Lockheed Martin, Chris Winslett, Winslett, Jennifer Elzea, Elzea, It's, Mike Eppolito, we'll, Eppolito Organizations: Lockheed, Space Development Agency, U.S . Space Force, Transport, Pentagon, SpaceX, Space Force, Command, PWSA, World Locations: tranches, York, Paris

☆ SpaceX launches Crew-7 mission, the company's 11th carrying astronauts
▼ + stars: | 2023-08-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

SpaceX's Falcon 9 rocket with the company's Crew Dragon spacecraft on top is seen after sunset at Launch Complex 39A ahead of the launch of the Crew-7 mission. SpaceX launched four people to the International Space Station from Florida as Elon Musk's company begins its 11th human spaceflight mission to date. Known as Crew-7, the mission for NASA will bring the group up to the space station for a six-month stay in orbit. The mission is SpaceX's sixth operational crew launch for NASA to date, and the first of the additional missions the agency awarded SpaceX. Crew-7 consists of NASA astronaut Jasmin Moghbeli as the commander, European Space Agency astronaut Andreas Mogensen from Denmark as the pilot, and Japan Aerospace Exploration Agency astronaut Satoshi Furukawa and Roscosmos cosmonaut Konstantin Borisov as mission specialists.

Persons: NASA's, Jasmin Moghbeli, Andreas Mogensen, Satoshi Furukawa, Konstantin Borisov Organizations: SpaceX, International, Elon, NASA, NASA's Kennedy Space Center, European Space Agency, Japan Aerospace Exploration Agency Locations: Florida, Denmark

☆ DOJ sues SpaceX, alleging hiring discrimination against refugees and asylum seekers
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

A Falcon 9 rocket is displayed outside the Space Exploration Technologies Corp. (SpaceX) headquarters on January 28, 2021 in Hawthorne, California. The U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space company discriminated against refugees and asylum seekers in its hiring practices. The lawsuit says between 2018 and 2022, SpaceX "wrongly claimed" that export control laws limited its hiring to U.S. citizens and lawful permanent residents. The DOJ has been investigating SpaceX since June 2020, when the department's Immigrant and Employee Rights Section received a complaint of employment discrimination from a non-U.S. citizen. Fabian Hutter, whose complaint about SpaceX led the DOJ to open its discrimination probe, did not immediately respond to a request for comment from CNBC.

Persons: SpaceX, Elon, Kristen Clarke, Clarke, asylees, IER, Fabian Hutter, Hutter Organizations: Space Exploration Technologies Corp, SpaceX, The U.S . Department of Justice, DOJ, Civil Rights Division, CNBC Locations: Hawthorne , California, The, U.S, Austria, Canada

☆ Investing in Space: The nascent market for tracking and removing debris from orbit
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

It's a sad irony, but an irony nonetheless, that this week the European Space Agency announced that a piece of space debris — left in orbit by a 2013 launch of Arianespace's Vega rocket and the target of a removal mission — appears to have been struck by other space debris. But the ISS itself may have to dodge space debris this afternoon, with station controllers considering changing its altitude. The risk posed by space debris is not a novel problem for the industry, but it's an ever more pressing one. Satellites and space debris are largely tracked via ground-based radars and telescopes. Debris removal is a nascent part of the broader satellite servicing market (also known as In-Space Servicing, Assembly and Manufacturing, or ISAM).

Persons: Michael Sheetz —, It's, Arianespace's, Brian Weeden, wasn't, Weeden Organizations: CNBC, European Space Agency, ESA, OTB Ventures, NASA, SpaceX, International Space, Secure, Foundation, Aerospace, NorthStar, Manufacturing, Cargo Locations: Swiss, U.S, Europe, Russia, China, Japan, Korea, India

☆ DOJ sues SpaceX alleging hiring discrimination against refugees and asylum recipients
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

The U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk's space company discriminated in its hiring practices against refugees and people granted asylum in the U.S. The lawsuit says between 2018 and 2022, SpaceX "wrongly claimed" that export control laws limited its hiring to U.S. citizens and lawful permanent residents. Clarke added that the DOJ's investigation found "SpaceX recruiters and high-level officials took actions that actively discouraged asylees and refugees from seeking work opportunities at the company." That lone hire came about four months after the DOJ notified SpaceX of its investigation. Read the DOJ's lawsuit below:

Persons: SpaceX, Elon, Kristen Clarke, Clarke, asylees, IER, Fabian Hutter, Hutter Organizations: Space Exploration Technologies Corp, SpaceX, The U.S . Department of Justice, U.S, DOJ, Civil Rights Division, Immigration, CNBC Locations: Hawthorne , California, The, U.S, Austria, Canada

☆ Viasat reports second satellite malfunction in a matter of weeks
▼ + stars: | 2023-08-24 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

An artist's rendering of an I6 satellite in orbit. A second Viasat communications satellite is malfunctioning in orbit, this time from the fleet of recently acquired U.K.-based Inmarsat, the company said on Thursday. Airbus manufactured the satellite and is, alongside Viasat, assessing whether the satellite can be recovered for use. The malfunction with the satellite, inherited by Viasat after closing its $7.3 billion acquisition of Inmarsat in May, comes weeks after the Carlsbad, California-company disclosed that its highly anticipated, $750 million ViaSat-3 Americas satellite suffered a malfunction. That satellite launched in December and provides communications services above the Indian Ocean.

Persons: Inmarsat Organizations: Viasat, Airbus, CNBC, Inmarsat, ViaSat Locations: Carlsbad , California, Americas

India staked new claim as a national superpower in space on Wednesday, landing its Chandrayaan-3 mission safely on the moon's unexplored south pole. The Chandrayaan-3 spacecraft launched last month and touched down on the lunar surface around 8:34 a.m. The feat makes India the fourth country to land on the moon, and the first to land on one of the moon's lunar poles. Previously, Russia (then the Soviet Union), the U.S. and China landed spacecraft successfully on the moon. "We can all aspire for the moon, and beyond," Modi added.

Persons: Narendra Modi, Modi Organizations: India, Indian Space Research Locations: Russia, Soviet Union, U.S, China, Johannesburg

☆ India's moon landing made history at a low cost
▼ + stars: | 2023-08-23 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

ISROThe list is grim reading: Stuck, failed, missed, failed, failed, stuck, failed, crashed, missed, crashed, crashed. Even in the modern era — with nine lunar landing attempts since 2013 — the track record is still shaky. Before India's success Wednesday, missions by China, India, Israel, Japan and Russia were three for eight in the past decade. School students watching the live telecast of Chandrayaan-3 landing on the Moon at Sector 20 Brahmananda Public School on August 23, 2023 in Noida, India. Perhaps the most remarkable aspect of India's moon landing is the shoestring budget — by government standards — with which the country achieved the mission.

Persons: Jonathan McDowell, Sunil Ghosh, Jim Bridenstine, Bridenstine, They've, who's Organizations: ISRO, Soviet Union's, Harvard - Smithsonian Center for Astrophysics, Gravity, India, School, Hindustan Times, NASA, CNBC, Indian Space Research Organization, U.S, Payload Services, Space Foundation Locations: China, India, Israel, Japan, Russia, Noida, U.S, India's, United States

☆ Pentagon space arm awards $1.5 billion contract to Lockheed Martin and Northrop Grumman for communications satellites
▼ + stars: | 2023-08-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Pentagon's Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman for prototype communications satellites. Lockheed and Northrop will each build 36 of the prototype satellites, scheduled to begin launching by September 2026. Those "Tranche 0" satellites were the first effort to demonstrate the feasibility of SDA's network. In addition to communications, the SDA network aims to provide the U.S. military with features such as missile warning and tracking capabilities. SDA has previously awarded contracts to build and operate satellites in its fleet to York Space, SpaceX, Lockheed Martin, Northrop Grumman, and L3Harris .

Persons: Lockheed Martin, Northrop, Northrop Grumman Organizations: Space Development Agency, Lockheed, Northrop Grumman, Northrop, SDA, CNBC, Pentagon, Space Force, Department of Defense's, Command, Control, SpaceX

☆ Axiom Space raises $350 million from Saudi and Korean investors
▼ + stars: | 2023-08-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Chief Engineer Jim Stein wears the new spacesuit during the Axiom Space Artemis III Lunar Spacesuit event at Space Center Houston in Houston, Texas, on March 15, 2023. Space company Axiom raised $350 million in a round that was led by Saudi-owned Aljazira Capital and Korean health-care investment firm Boryung, the company announced Monday. Houston-based Axiom trains and flies both private and government astronauts on missions to the International Space Station via launches with SpaceX. It's developing human spaceflight technologies including a commercial space station and a lunar spacesuit. It's flown two crews to the ISS, including the recently completed Ax-2 mission, and is working to launch its first space station module by 2026.

Persons: Jim Stein, Axion, It's, Naif Almesned Organizations: Space Center Houston, Saudi, Aljazira Capital, Houston, International Space, SpaceX Locations: Houston , Texas

☆ Redwire and Sierra team up to make drugs in space on inflatable habitat’s first mission
▼ + stars: | 2023-08-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

An ADSEP with blue PIL-BOXs, hardware which will be delivered to Sierra Space for the LIFE habitat pathfinder mission. Space infrastructure company Redwire is putting a biotech technology test bed on Sierra Space's first mission with its inflatable space habitat, establishing a new partnership between the two companies to make drugs in orbit. "It's an incredible moment for Redwire, an incredible moment for Sierra," Mike Gold, Redwire's chief growth officer, told CNBC. Redwire is not alone in targeting that market, with startups like Varda and Space Forge also working on such test beds. The idea is to manufacture drugs in space, leveraging the environment to create unique materials, that would be returned for use on Earth.

Persons: Mike Gold, Varda Organizations: Space, LIFE, pathfinder, CNBC, Space Forge Locations: Space's, Space

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