New commercial spaceport in Europe, more car manufacturers open space business, and why you need to speed to market
Precious Payload Market Update: October 4, 2021 — October 10, 2021
Still paying attention to the new changes in the space industry? Make sure to read this post of our four favorite picks made by Precious Payload from last week’s market update!
- Wow! There’s a new commercial spaceport that will be opening soon in Europe. Swedish Space Corporation aims to construct the modern space center at Esrange and launch the first satellite from there in 2022. We think this is very exciting.
- Congrats to the UAE for their two brand-new space exploration missions. The news is far beyond the smallsat market, but we’re proud residents of the UAE, so… It’s such an exciting step from a small country toward space exploration. Let’s see how Luxembourg and Singapore work out their future plans for space exploration.
- Unfortunately, Hiber abandoned plans to build out their own IoT constellation, which is an example of our belief that you need to go to market fast or your competition will beat you.
- The fourth pic — news about Honda having big plans for manufacturing its own reusable rockets. We made a video about the future where car manufacturers will build their own spacecraft more than a year ago. So the future is coming as we predicted.
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Spire Global partners with SpaceChain to develop a decentralized infrastructure for its blockchain technology by first conducting an on-orbit upload of SC’s software to Spire’s existing satellite and then by launching a new dedicated satellite expected by Q4 2021. (Source)
Exolaunch will send two EnduroSat’s 6U XL SharedSat nanosatellites into SSO aboard SpaceX‘s Falcon 9 rocket in H1 2022. (Source)
Swedish Space Corporation (SSC) signs a EUR 12M loan agreement with Nordic Investment Bank (NIB) to finance the construction of Esrange Space Center, aiming to launch the first satellite on its spaceport by Q2 2022. (Source)
Brazil Space Agency completes the first burning test of the S50 rocket motor for its Microsatellite Launching Vehicle (VLM-1), capable of launching payloads up to 150 kilos by Q4 2022. (Source)
Hiber abandons plans to roll out the rest of its 24 IoT satellites due to technical issues with the current in orbit and intends to provide services through leased capacity on a third-party satellite network. (Source)
Satellogic expands its partnership with Amazon Web Services to use its ground station service to control its intended 300 satellite constellation by 2025 and download data faster through its low-latency high bandwidth global network. (Source)
Climate-focused satellite constellation startup Muon Space raises a $10M seed funding round led by Costanoa Ventures. The company plans to develop its first set of remote-sensing satellites by 2023 and has signed Tomorrow.io and Google as their early customers to develop new geophysical datasets. (Source)
Eutelsat raises its OneWeb stake to 22.9% after investing an additional $165M in the latest funding round this week and expects to launch 36 more OneWeb satellites aboard a Soyuz rocket on Oct 14. (Source)
Japanese WARPSPACE Co., Ltd. closes a $9M Series A round from VC’s SBI Investment Co., Ltd. and Mizuho Capital Co., Ltd. and will use it to accelerate the development of their data relay satellite, “WARP-02” and inter-satellite optical communication service, “WarpHub InterSat” expected to be launched in 2023. (Source)
Finnish-based Kuva Space raises a $4.85M led by Voima Ventures and Nordic FoodTech VC to establish a constellation of commercial hyperspectral CubeSats for CO2 measurement and precision agriculture by 2023 (Source)
Maxar Technologies invests $600M in developing the Worldview Legion imaging satellite constellation and intends to deploy six of them in 2022 to boost the company’s efforts to win the National Reconnaissance Office‘s Electro-Optical Commercial Layer procurement program. (Source)
A planned launch of a Vietnamese 3U CubeSat, NanoDragon, developed by the Vietnam National Space Centre (VNSC), aboard the Japanese Epsilon rocket gets suspended for a second time due to strong winds. No new dates have been announced yet. (Source)
Ireland is launching its first satellite, a 2U EIRSAT-1, in 2022. The satellite was developed by the University College Dublin (UCD) and the Education Office of the European Space Agency to detect gamma rays. (Source)
The 38th institute of China Electronics Technology Group (CETC) partners with private satellite manufacturer Spacety to develop the first batch of 96 SAR smallsat constellation Tianxian to be launched aboard the Long March 8 by Q1 2022. (Source)
Italian Space Agency (ASI) shifts the launch of its second COSMO-SkyMed (CSG-2) EO satellite from Vega-C to Falcon 9 rocket, citing delays of the Vega-C rocket. Nevertheless, the agency plans to launch its CSG-3 satellite aboard Vega-C in 2024. (Source)
The Japanese automaker, Honda, joins the league of young rocket developers who plan to build small reusable rockets for satellites by applying autonomous technology to launch its first test vehicle by 2030. (Source)
New Space India Limited (NSIL) plans to launch four more demand-driven communication satellites, GSAT-20,22,23, and 32, for undisclosed DTH providers. (Source)
Due to unspecified issues with Space Force‘s military payload, USSF-44 (formerly AFSPC-44), the first SpaceX’s Falcon Heavy direct launch to GEO, sees a delay for the second time this year till Q1 2022. This mission delivers a microsat TETRA 1 built by Millennium Space Systems. It also carries multiple military payloads. (Source)
UAE announces plans to send a spacecraft to Venus in collaboration with the Laboratory for Atmospheric and Space Physics at the University of Colorado by 2028 and then land on an asteroid belt object by 2033. (Source)