Ovzon signed a contract with SSL, a Maxar Technologies company, for the manufacturing of the company´s first Geostationary Orbit (GEO) satellite. The total investment for the satellite (Ovzon-3) including manufacturing, launch, financing and insurance is estimated to approximately $165.6 million (SEK 1.5 billion). The satellite features a central On-Board Processor (OBP), developed by Ovzon and already…

Boeing backed out of a satellite order from a Chinese government-owned firm on Thursday, according to a report from the Wall Street Journal. This decision followed a Wall Street Journal investigation which claimed that China funneled around $200 million to the Global IP project. The report stated that "a person familiar with Boeing’s thinking said…

Rocket Lab has closed a Series E financing round of $140 million. The Series E round close brings total Rocket Lab funding to date to more than $288 million , with the company now past its previous $1 billion-plus valuation. The funding round closed last month, prior to the launch of the successful mission "It’s…

Relativity Space, a 3D printing rocket startup, recently made a notable executive hire. Brandon Pearse, who previously held roles at Virgin Galactic and SpaceX, is now Relativity Space's Vice President (VP) of avionics and integrated software. According to Relativity Space Chief Executive Officer (CEO) Tim Ellis, Brandon Pearce has impressive avionics development and flight experience.…