Payload
• Douglas Gorman
Northwood Space’s $375 million Series C values the company at $2 billion and takes its total capital raised above $500 million. The announcement marks a major financing milestone, though the report does not specify how the proceeds will be deployed or detail the company’s product and operating plans.
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Northwood Space’s $375 million Series C values the company at $2 billion and takes its total capital raised above $500 million. The announcement marks a major financing milestone, though the report does not specify how the proceeds will be deployed or detail the company’s product and operating plans.
SpaceX is in talks to buy Boost Mobile or use its network, according to the report, offering Elon Musk a potential route into the cellphone business. The discussions would extend the company’s reach beyond space services into a large consumer market, though no deal has been announced.
The lunar exploration company has named Anas Al-Shuwayer to lead its Saudi subsidiary as it expands local partnerships and operations. The appointment signals a stronger on-the-ground presence in Saudi Arabia, though the available report does not detail the subsidiary’s remit, partnerships or specific exploration plans.
The European Investment Bank and Deutsche Bank are backing €560 million in investment to help European space companies scale up and bring new technologies to market. The initiative targets financing needs across the sector, supporting companies as they move technologies toward commercial deployment.
Former Clinton Labor Secretary Robert Reich has urged Democrats to target Elon Musk after the midterms and called for a future Democratic administration to nationalize SpaceX and Starlink. The proposal could have significant consequences for U.S. space policy and politics, including the Artemis program.
Google says it successfully ran an artificial intelligence model on a data-center-class processor aboard a satellite. The demonstration is an early milestone in the company’s effort to assess whether computing infrastructure for AI could eventually operate in space.
NASA is looking to industry for a mission to raise the Hubble Space Telescope’s orbit before it is expected to reenter Earth’s atmosphere in 2033 or 2034. The effort follows a failed commercial attempt to reboost the smaller Swift observatory, which is now expected to burn up in November 2026.
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