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Intuitive Machines to broaden space business with $800 million deal for Lanteris
Reuters· 2025-11-04 11:46
Lunar lander maker Intuitive Machines said on Tuesday it will buy Lanteris Space Systems, a spacecraft maker formerly known as Maxar Space Systems, from private equity firm Advent International in a d... ...
FIREFLY AEROSPACE INVESTIGATION: Bragar Eagel & Squire, P.C. Continues Investigation into Firefly and Reminds Firefly Investors to Contact the Firm
Globenewswire· 2025-10-16 21:51
Core Insights - Bragar Eagel & Squire, P.C. is investigating potential claims against Firefly Aerospace Inc. regarding possible violations of federal securities laws and unlawful business practices [1][2] Company Financial Performance - Firefly conducted an initial public offering of 19.3 million shares at a price of $45.00 per share on August 7, 2025 [6] - For Q2 2025, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million, or $4.60 per share, in the same quarter the previous year [6] - Revenue for Q2 2025 was reported at $15.55 million, which was below analyst estimates of $17.25 million and represented a 26.2% decline from the same quarter last year [6] - Following the financial results announcement, Firefly's stock price dropped by $7.58 per share, or 15.31%, closing at $41.94 per share on September 23, 2025 [6]
Engine issue on Northrop spacecraft delays NASA ISS cargo delivery
Reuters· 2025-09-16 22:12
Core Viewpoint - An uncrewed Northrop Grumman-built spacecraft encountered a main engine issue while attempting to reach the International Space Station for a supply delivery [1] Group 1 - The spacecraft was designed to deliver scientific supplies to the International Space Station [1] - The incident occurred on a Tuesday during the spacecraft's orbital mission [1]
Startup Monday: Latest tech trends & news happening in the global startup ecosystem (Issue 173- September 14)
Medium· 2025-09-14 13:32
Group 1: AI and Software Development - Replit, an AI software developer, raised $250 million at a $3 billion valuation, with annualized revenue increasing from $2.8 million to $150 million in less than a year [2][4] - Cognition AI raised $400 million at a $10.2 billion valuation, with annual recurring revenue climbing to $73 million from $1 million in September 2024 [27][28] - Cursor, another code-generation startup, raised $900 million at a $10 billion valuation, focusing on suggesting and completing lines of code [6] Group 2: Electric and Hybrid Technologies - Arc Boats secured a $160 million order for eight hybrid-electric tugboats, expected to reduce pollution and comply with environmental regulations [7][8][10] - The hybrid system allows for space-saving designs by eliminating large diesel engines, improving air quality around ports [10][12] Group 3: Healthcare Innovations - SafeHeal raised an additional €10 million to develop Colovac, a device aimed at transforming colorectal surgery for cancer patients [35][36] - TERN Group, a clinical AI workforce platform, raised €20 million to address healthcare workforce shortages, aiming for 60% faster hiring and 3x cost savings compared to traditional models [41][45][46] Group 4: Space and Defense - Apex, a spacecraft startup, achieved a valuation over $1 billion, with funding aimed at speeding up spacecraft production by 50% [18][19] - The demand for low-Earth orbiting satellite constellations is driven by military and geopolitical competition, particularly from the U.S., Russia, and China [22][23] Group 5: Material Discovery and AI - CuspAI secured over €85 million to revolutionize materials discovery using AI, promising to generate new candidates up to 10x faster than traditional methods [29][32] - The company combines generative AI with advanced simulations to accelerate the design of materials [32][34]
Boeing-Built X-37B Spaceplane Launches, Beginning Eighth Mission
Prnewswire· 2025-08-22 13:42
Core Points - The Boeing-built X-37B Orbital Test Vehicle successfully launched on its eighth mission aboard a SpaceX Falcon 9 rocket from Kennedy Space Center on August 21, 2025 [1][3] - This mission features an integrated service module from Boeing to enhance payload capacity for various experimental activities in orbit [2] - The X-37B has completed seven previous missions, accumulating over 4,200 days in space since its first flight in 2010 [4] Company and Industry Insights - Boeing is a leading global aerospace company and a top U.S. exporter, involved in the development, manufacturing, and servicing of commercial airplanes, defense products, and space systems for customers in over 150 countries [5] - The X-37B program is a collaboration between the U.S. Air Force Rapid Capabilities Office and the U.S. Space Force, with Boeing responsible for the design, construction, integration, and operation of the reusable spaceplane [4] - The current mission includes technology demonstrations such as laser communications and a quantum inertial sensor, aimed at improving navigation capabilities in environments where GPS is unavailable [3]