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• Andrew Jones
Chinese reusable launch-vehicle developer iSpace has secured the first batch of its Series E financing, months after closing a substantial D++ round. The company is continuing to raise capital, underscoring its ongoing funding needs as it advances its reusable-rocketry ambitions.
Commercial Space
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Satellite geospatial imagery provider Satellogic reported its first quarter with positive operating income and adjusted EBITDA, describing the result as confirmation of its turnaround year. The company said it expects the improved performance to continue through the remainder of the year and into 2027.
Chinese reusable launch-vehicle developer iSpace has secured the first batch of its Series E financing, months after closing a substantial D++ round. The company is continuing to raise capital, underscoring its ongoing funding needs as it advances its reusable-rocketry ambitions.
Firefly Aerospace reported its first quarterly revenue above $100 million, attributing the record result to a new slate of launch and defense announcements. The milestone marks a significant commercial expansion for the space company as it broadens activity across civil and national-security markets.
SpaceX launched 24 additional Starlink satellites from California on Aug. 11, completing the company’s second Starlink mission of the day. The flight adds to the company’s global internet constellation and underscores the operational tempo supporting continued deployment of Starlink’s space-based network.
High activity
India’s effort to build a globally competitive private space sector is showing early results, with startup Skyroot Aerospace completing a successful orbital launch on July 18. The milestone provides tangible evidence that the country’s emerging commercial launch ecosystem is moving from policy ambition toward operational capability.
Firefly Aerospace is increasing production of its launch vehicles in response to strong customer interest, but the company has not yet translated that demand into a higher launch cadence. The mismatch highlights the execution gap between securing market interest, scaling manufacturing and delivering more frequent orbital missions.
SpaceX, originally established as a launch company, is transitioning toward artificial intelligence and could generate $500 billion in 2027, according to Elon Musk. The claim points to a potentially significant shift in the company’s business model and the growing role of AI in its future growth strategy.
A visit to a national laboratory has strengthened NASA officials’ confidence in launching a nuclear electric propulsion demonstration mission by the end of 2028. The milestone would advance the agency’s effort to validate nuclear-powered propulsion for future deep-space missions.
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