Startup Skylo raises $37 million from Intel, BMW, Samsung

A Skylo base station in assembly.Skylo TechnologiesSilicon Valley space startup Skylo Technologies landed funding from the corporate venture arms of Intel, BMW and Samsung, as the company aims to bridge the gap between satellite and terrestrial communications.Skylo raised $37 million through an equity round, the company told CNBC, that was...

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Startup K2 Space raises $50 million to build monster satellites

K2 Space co-founders Karan Kunjur and Neel Kunjur at the company's facility in Torrance, California.Credit: K2 SpaceLos Angeles-based startup K2 Space raised $50 million in new funding as the company works to build monster satellites to match the massive rockets that are coming to market. Nearly two years since founding,...

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Pentagon awards satellite contracts to L3Harris, Lockheed, Sierra Space

Lockheed Martin's Tranche 0 Transport Layer satellites are seen in one of the company's processing facilities.Lockheed MartinThe Pentagon on Tuesday announced about $2.5 billion in contracts will go to L3Harris, Lockheed Martin, and Sierra Space to build satellites for an expanding military system.The U.S. Space Force's Space Development Agency...

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2023 rebound and heavy M&A

A long exposure photo shows the company's fourth Alpha rocket mission launching from California's Vandenberg Space Force Base on Dec. 22, 2023.Sean Parker / Firefly AerospaceInvestment in the space sector bounced back last year, rebounding closer to the record high of 2021, according to a report Tuesday by New...

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Astrobotic’s Peregrine moon mission for NASA falls short

Astrobotic's Peregrine lunar lander is seen during preparations for launch near NASA's Kennedy Space Center in Florida.United Launch AlliancePittsburgh-based Astrobotic's inaugural lunar mission suffered a malfunction shortly after launch, and the company is calling off the landing attempt.It would have been the first U.S. moon landing in more than...

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