Denmark’s AkademikerPension, which manages roughly $25 billion for academic professionals, has said it will not participate in SpaceX’s initial public offering or buy shares in any secondary-market transaction, according to Bloomberg. Chief investment officer Anders Schelde called the company “grossly overvalued” and cited what he described as a “catastrophic governance structure” as the primary reason for the […]
SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and investors, and could still move higher depending on feedback during the formal marketing period, which is […]
Blue Origin’s New Glenn rocket exploded during a static fire test at Cape Canaveral Space Force Station on Thursday night, sending a fireball into the sky and destroying the vehicle along with critical launch pad infrastructure. The explosion occurred at approximately 9pm EDT as engineers were counting down to a brief test firing of the […]
The 80-year-old bearings maker and the US-listed satellite firm have signed an MoU to industrialise Spire’s 100-satellite-a-year Munich plant for European defence customers. Schaeffler AG, the German precision-engineering company best known for the bearings inside almost every aircraft engine and Ariane rocket, has signed a memorandum of understanding with US-listed satellite firm Spire Global to […]
Project Horizon adds an 830,000-square-foot upper-stage factory at Cape Canaveral, weeks before SpaceX’s record IPO and a month after the April New Glenn payload mishap. Blue Origin will spend $600m on a new upper-stage manufacturing facility at its Rocket Park campus in Cape Canaveral, Florida governor Ron DeSantis announced on Friday. The building, branded Project […]
Orbit Robotics, a Zurich-based startup, has unveiled Helios, a four-armed robot designed to work inside space stations. In microgravity, legs are useless. Helios replaces them with two extra arms that serve as both mobility aids and working hands. The design logic is simple. Two arms anchor the robot to the station interior while the other […]
