🛰️ MANUFACTURING AND OPERATIONS

• German startup Vyoma has picked six-year-old Belgian venture Aerospacelab to build a third small satellite for its proposed space debris-monitoring constellation.

• The 60-kilogram spacecraft will be ready for a launch to low Earth orbit from the end of 2025, the four-year-old space situational awareness (SSA) venture announced June 13, where it would help track debris in LEO and geostationary orbit.

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🛰️ FINANCE, FUNDING AND M&A

• Virgin Galactic has approved a reverse stock split intended to boost the company’s stock price and avoid delisting.

• The company announced after markets closed June 12 that the company’s board approved a 1-for-20 reverse stock split, which will take effect after markets close June 14. Under the plan, 20 current shares of Virgin Galactic stock will be converted into 1 new share.

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• Space rocket manufacturer Orbex has received an investment of DKK 23.7 million (3.4 million USD) from Innovation Fund Denmark.

• The Company will leverage the funding to establish a ‘Green Propulsion Excellence Center’ at the site in the Copenhagen suburb, where Orbex will design, produce and test green propulsion systems for Orbex’s Prime rocket, which will send satellites into orbit around the Earth.

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🛰️ CORE SERVICES

• LeoLabs announced plans June 13 to build a new type of radar under a $1.245 million AFWERX contract. The S-band 2-D Direct Radiating Array will be particularly adept at tracking rocket launches and spacecraft in very low Earth orbit (VLEO)
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• BlackSky Technology Inc. was awarded a 1-year extension contract from the National Reconnaissance Office (NRO) to continue to deliver on the current Electro-Optical Commercial Layer (EOCL) subscription contract for reliable high-frequency Gen-2 imagery services.

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🛰️ PRODUCT, PARTNERSHIPS & ANNOUNCEMENTS

• Thales, Spire Global and the European Satellite Services Provider announced a memorandum of cooperation June 13 to develop a satellite constellation dedicated to air traffic surveillance.  

• The constellation of more than 100 satellites will collect aircraft Automatic Dependent Surveillance-Broadcast (ADS-B) messages and quickly relay them to ground stations. The partners aim to begin providing commercial services from the new constellation in 2027.

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🚀 LAUNCH CONTRACTS AND MISSIONS

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🌎️ SPACE INDUSTRY ←→ DOWNSTREAM

nothing to see here today!

📜 REGULATORY & GOVERNMENT

• Armenia signed the Artemis Accords regarding safe and responsible space exploration June 12, the tenth country to do so this year.

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• Nine members of Congress have asked NASA to reconsider significant changes to operations of the Chandra X-Ray Observatory linked to proposed cuts in the space telescope’s budget.

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• China has signed a cooperation agreement with the Egyptian Space Agency (EgSA), Bahrain’s National Space Science Agency, and the Changchun Institute of Optics, Fine Mechanics and Physics towards its upcoming Chang’e 7 lunar mission.

• The parties signed a Scientific and Technical Cooperation Contract for the joint development of a Hyperspectral Imager of the Lunar Surface Material on Chang’e-7. The camera will subsequently image and analyze lunar surface materials from orbit, including the moon’s polar regions.

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