Saudi Arabia plots space industry transformation
20 Sep
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Saudi Arabia plots space industry transformation

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Top Stories Tamfitronics Martijn Blanken, Neo Space Group CEO, speaking at World Satellite Business Week in Paris Sept 17. Credit: NSG / Novaspace / World Satellite Business WeekTAMPA, Fla. — Saudi Arabia’s sovereign wealth fund-backed Neo Space Group (NSG) is looking to lease multi-orbit capacity to bolster its foothold in the satellite market, ahead of likely owning and operating its own constellation.“Our team is currently working hard to identify those areas in the market where it makes sense to deploy our own capital,” NSG’s newly appointed CEO Martijn Blanken told SpaceNews in an interview.Saudi Arabia’s Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds, created NSG in May as part of plans to become a major force in space and further diversify its economy from oil.Blanken said NSG would be responsible for Saudi...
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Earth observation companies wary of Starshield
20 Sep
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Earth observation companies wary of Starshield

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Top Stories Tamfitronics PARIS — After seeing the disruption that Starlink has had on the satellite communications market, companies in the Earth observation sector are closely following the development of a related SpaceX system.Executives with several Earth observation companies said during a panel at World Space Business Week here Sept. 19 that they are keeping tabs on SpaceX’s Starshield system, with some seeing competitive concerns and others opportunities for partnerships.SpaceX announced the Starshield program in late 2022, billing it as a version of its Starlink satellites designed for national security applications. The company said that included Earth observation in addition to communications and hosted payloads.“Starshield launches satellites with sensing payloads and delivers processed data directly to the user,” the company says on its website. The company has provided little other information about Starshield and its...
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Infosys invests in Indian Earth-observation startup GalaxEye
20 Sep
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Infosys invests in Indian Earth-observation startup GalaxEye

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Top Stories Tamfitronics GalaxEye Space co-founders pictured with the drone used to test the company's synthetic aperture radar and multispectral sensors. Credit: GalaxyEye SpacePARIS – Indian information technology giant Infosys announced plans Sept. 19 to invest about $2 million in Indian Earth-observation startup GalaxEye Space.“GalaxEye is proud to have Infosys, a global leader in technology and innovation, as a Strategic Investor in our Series A Round,” the company posted on LinkedIn. “Their decades of experience in digital innovation and engineering are a perfect complement to our mission of reshaping Space Technology & Earth Observation. With this partnership, we aim to bring advances in Satellite Data Fusion, AI-driven Analytics and Next-Gen Space Technologies, paving the way for new insights and Solutions from Space.”Infosys’ investment in GalaxEye was revealed soon after GalaxEye CEO Suyash Singh shared...
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Astranis secures $13.2 million U.S. military contract for satellite upgrades
20 Sep
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Astranis secures $13.2 million U.S. military contract for satellite upgrades

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Top Stories Tamfitronics Illustration of Astranis Omega satellite. Credit: AstranisWASHINGTON Satellite communications startup Astranis has won a $13.2 million contract to make its communications satellites compatible with military terminals, the U.S. Space Force announced Sept. 19.The San Francisco-based firm, which builds small geostationary satellites for internet connectivity, received the contract through a Strategic Funding Increase (STRATFI) agreement. This type of agreement is used by the military to help small businesses transition technologies from research and development to production.The contract is being funded through the Small Business Innovation Research (SBIR) program, with additional support from U.S. Space Command and the U.S. Space Force’s Space Systems Command.The funding will enable Astranis to add military Ka frequency compatibility to its next-generation Omega satellites.“This jointly-funded Strategic Funding Increase will have support from Space Systems Command, SpaceWERX, and other...
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