Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service "in 2027 or so.""We think that by the time they go public with SpaceX, with Starlink ... in 2027 or so, four years, the company will be worth $250 billion...
A Qualcomm sign is pictured at the Mobile World Congress in Shanghai.Aly Song | ReutersU.S. semiconductor giant Qualcomm ended its partnership with satellite communications company Iridium to provide satellite-to-phone services, Iridium announced on Thursday.Iridium stock fell more than 8% in after-hours trading from its close at $37.14 a shareThe...
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California.AstraThe founders of struggling space company Astra have offered to take the company private at a value of about $30 million, according to a securities filing on Thursday.Chris Kemp, chairman and CEO, and Adam London,...
Carrier aircraft VMS Eve releases spacecraft VSS Unity before firing its rocket engine during the Unity 25 spaceflight on May 25, 2023.Virgin GalacticVirgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation Delta-class spacecraft, the company announced Wednesday.Although Virgin Galactic has been flying...
Peter Beck, chief executive officer of Rocket Lab, speaks during the US Chamber of Commerce's Global Aerospace Summit in Washington, D.C., Sept 14, 2022.Valerie Plesch | Bloomberg | Getty ImagesRocket Lab is pushing to get its launch business back on track by the end of the year, reporting on...
The company's banner on the front of the New York Stock Exchange.BlackSkySatellite imagery venture BlackSky delivered its first quarterly profit on Wednesday, as the company works to keep up momentum into the end of the year.BlackSky reported net income of $675,000 for the third quarter, improving from a net...
The company's LV0010 rocket stands on the launchpad at Florida's Cape Canaveral ahead of the NASA TROPICS-1 mission.AstraStruggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle.Astra twice...
The upper stage of a Falcon 9 rocket deploys a stack of Starlink "V2 Mini" satellites in orbit.SpaceXSpaceX CEO Elon Musk announced Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow.""Excellent work by a great team," Musk said in a post on his social media platform,...
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, U.S., November 1, 2022.Steve Nesius | ReutersThe U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance, worth about $2.5 billion in total, the...
An artist illustration shows the functions of the Space Development Agency's satellite constellation.Space Development AgencyThe Pentagon's Space Development Agency on Monday announced about $1.3 billion in contracts to York Space and Northrop Grumman to build communications satellites.The SDA is having the pair of companies build 100 satellites as part...