SpaceX wins first Pentagon contract for Starshield

An uncaptioned image posted on the company's website appears to show Starshield technology in orbit.SpaceXThe Pentagon has awarded Elon Musk's SpaceX its first confirmed contract for the Starshield network it's developing, a military-specific version of the company's Starlink satellite internet system, the defense agency said Wednesday.A Space Force spokesperson...

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FAA closes investigation into Blue Origin’s New Shepard rocket failure

The moment of the anomaly during the New Shepard cargo mission NS-23, in which the booster's engine failed.Blue OriginThe 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...

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Sierra Space fundraising nearly $300 million at $5 billion valuation

Artist's rendering of Sierra Space's Dream Chaser space plane in this undated handout obtained March 25, 2022.Sierra Space | via ReutersSierra Space, the subsidiary of private aerospace contractor Sierra Nevada Corporation, is finalizing a raise of nearly $300 million, CNBC has learned.The round values the space company at about...

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SpaceX countersues DOJ in hiring discrimination case

SpaceX headquarters in Los Angeles, California.AaronP/Bauer-Griffin | GC Images | Getty ImagesElon 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.The countersuit comes after the DOJ sued the company last month,...

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Rocket Lab stock drops after first Electron launch failure in years

The company's Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022.Rocket LabRocket Lab stock fell in premarket trading after the company suffered its first launch failure in over two years early Tuesday morning.The company confirmed its 41st Electron rocket launch – lifting off...

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SpaceX near rocket market monopoly is ‘huge concern:’ Lazard banker

Vikram Nidamaluri, Managing Director of Telecom, Media, and Entertainment at Lazard, speaks during a panel at the World Satellite Business Week conference on Sept. 11, 2023.Michael Sheetz | CNBCPARIS – A Lazard investment banker sounded the alarm about the dominance of Elon Musk's SpaceX in the rocket launch market,...

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Telesat buys SpaceX launches for Lightspeed internet satellites

A rendering of Telesat's low earth orbit broadband constellation.TelesatPARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies.Elon Musk's SpaceX signed a hefty deal with satellite operator Telesat, the companies announced Monday. The agreement covers 14 launches of the Canadian venture's Lightspeed...

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