Lockheed Martin [NYSE: LMT] has signed a definitive agreement to acquire Terran Orbital [NYSE: LLAP] in a substantial transaction valued at approximately $450 million. This strategic acquisition will see Lockheed Martin purchase Terran Orbital for $0.25 per share in cash and assume its existing debt. The deal is anticipated to close in the fourth quarter […]
In a significant boost to the United States’ weather forecasting capabilities, the National Oceanic and Atmospheric Administration (NOAA) has awarded Lockheed Martin a substantial contract to develop the next generation of geostationary weather satellites. Known as Geostationary Extended Observations (GeoXO), this new constellation will build on the legacy of the current GOES-R series, also developed […]
Rocket Lab USA, Inc. (Nasdaq: RKLB), a leader in space launch services, has been awarded a $14.49 million task order by the U.S. Space Force (USSF) for the launch of the Space Test Program-30 (STP-S30) mission. This mission, which falls under the Space Systems Command (SSC) Assured Access to Space organization, is a part of […]
In an ambitious move to enhance the landscape of satellite broadband connectivity, AERKOMM Inc. (Euronext: AKOM, OTCQX: AKOM) and IX Acquisition Corp (Nasdaq: IXAQU, “IXAQ”) have solidified their commitment through a definitive Business Combination Agreement (BCA). This collaboration, announced on March 22, 2024, aims to form a new entity named AKOM Inc. (“AKOM”), transitioning AERKOMM’s […]
In a significant advancement for space exploration and environmental monitoring, Airbus has secured a pivotal contract from NASA’s Jet Propulsion Laboratory (JPL) based in Pasadena, California, to design and build the GRACE-C (Gravity Recovery And Climate Experiment-Continuity) twin spacecraft. This marks a crucial step in the continued collaboration between the United States and Germany, fostering […]
In a landmark development for the aerospace industry, Astra Space, Inc. (Nasdaq: ASTR), a pioneer in space exploration and satellite technology, disclosed a definitive merger agreement to restructure its ownership. Under this agreement, all outstanding shares of Astra’s common stock not presently owned by the Parent entity will be acquired for $0.50 per share in […]
In a significant development for the space industry, Axelspace Holdings Corporation has successfully completed its Series D funding round, raising approximately JPY 6.24 billion ($44 million). This latest financial milestone sees the addition of new shares to notable investors including SMBC-GB Growth I Investment Limited Partnership, alongside several other venture capitals and corporate investors. This […]