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- Wormhole Space News July 2 2024
Wormhole Space News July 2 2024

Newsletter #13
Welcome to Wormhole, a daily newsletter curating space news.
Every newsletter is curated into 7 specific categories of ‘contracts’ for easy reading - manufacturing and operations, finance, core services, product partnerships & announcements, space industry downstream, launch missions & contracts, government & regulatory.
The newsletter also contains a free news intelligence tool (scroll to bottom) featuring Wormhole’s unique taxonomy to help you extract basic intelligence from curated public information.
🛰️ MANUFACTURING AND OPERATIONS
🇺🇸 OrbitFab announced a successful test of its fueling nozzle known as GRIP (Grapple, Reposition, and Interface Payload) which is intended to dock with satellites and transfer propellant.
The test demonstrated GRIP’s ability to dock with a satellite equipped with Orbit Fab’s RAFTI (Rapidly Attachable Fluid Transfer Interface) refueling port.
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🇮🇹 Italian rocket builder Sidereus Space Dynamics has completed the first integrated system test of its EOS rocket.
On 30 June, the company performed the first fully integrated system test of an EOS rocket. During the test, the rocket’s MR-5 main engine was successfully fired for approximately 11 seconds.
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🇺🇸 Hawkeye 360 announced today that its Cluster 8 satellites have entered initial operating status. Launched into a mid-inclination orbit in April 2024 alongside Cluster 9, these satellites have begun providing enhanced revisit rates and expanded data coverage over the world’s most populous regions.
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💰️ FINANCE, FUNDING AND M&A
🇰🇷South Korean launch vehicle startup Innospace saw its shares fall by more than 20% in its first day of trading as a public company July 2.
Shares in Innospace closed July 2 at 34,450 won ($24.80), a decline of 20.4% from its initial public offering (IPO) price, on South Korea’s KOSDAQ exchange. The closing price gives the company a market capitalization of 323 billion won.
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🇩🇪InSpacePropulsion Technologies GmbH (ISPTech), a spin-off from the German Aerospace Center (DLR), announces the closing of its €2M pre-seed round. ISPTech is addressing a key challenge that satellite manufacturers and operators face, by developing innovative propulsion systems based on non-toxic, so-called “green” propellants
The €2 million round is led by High-Tech Gründerfonds (HTGF) along with First Momentum Ventures and Possible Ventures
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🛰️ CORE SERVICES
🇺🇸 Cosmic Shielding Corp. is supporting the upcoming launch of a radiation-hardened edge computer from San Francisco startup Aethero.
The computer, scheduled to fly July 10 on the SpaceX Falcon-9 Transporter-11 rideshare from Vandenberg Space Force Base in California, includes Nvida’s Jetson Orin NX graphics processing unit.
The upcoming flight will demonstrate CSC’s ability to protect a commercial-off-the-shelf flight computer using extremely vulnerable components and If the demonstration is successful, it may help convince space companies to forgo radiation-hardened components designed for spaceflight.
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🇱🇺 🇪🇺 Satellite IoT company OQ Technology has received a contract for an EU project dealing with 5G cybersecurity policies. It is for Security Assessments for Networks and Services in 5G, also known as SAND5G.
The company’s subsidiary in Greece, OQ Technology Hellas, received the contract and will work with seven partners: University of Patras, P-NET, Sphynx Hellas, WINGS ICT Solutions, Hellenic Authority for Communication Security and Privacy, and Hellenic Ministry of Digital Governance.
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🛰️ PRODUCT, PARTNERSHIPS & ANNOUNCEMENTS
🇫🇷 🇮🇳 Indian space startup Dhruva Space and Kinéis have signed a joint technological and commercial partnership to bring the French IoT company’s connectivity to India.
Dhruva Space will provide Kinéis IoT services in India once the service is launched and develop new applications and services tailored to the Indian market. Dhruva Space will also develop and manufacture end user terminals to support Kinéis service.
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🚀 LAUNCH CONTRACTS AND MISSIONS
nothing to see here today!
🌎️ SPACE INDUSTRY ←→ DOWNSTREAM
🇵🇭 🇺🇸 Filipino telecom operator Globe has announced it will launch a direct-to-device satellite service in parts of rural Philippines, partnering with Lynk Global.
Globe will use Lynk's growing Low Earth Orbit (LEO) satellite constellation to ultimately deliver SMS, IP messaging apps and emergency alerts to target regions currently lacking traditional terrestrial network coverage.
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🇲🇾 🇫🇮 Energy and technology solutions provider Uzma Bhd has teamed up with Finnish space technology start-up ReOrbit Oy to explore and develop collaborative efforts in space satellite solutions.
In a filing with Bursa Malaysia on Friday, Uzma said it has entered into an expression of interest (EOI) with ReOrbit to explore the utilisation of a satellite assembly, integration and test facility in Malaysia and launching of a satellite.
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🇬🇷 Greece’s Ministry of Digital Governance has awarded German startup OroraTech a €20mn contract to build a satellite-based early warning system for wildfires, which last year alone cost the Mediterranean nation almost two billion euros in damages.
The national defence system will consist of four thermal satellites and a network of ground sensors and processing services. OroraTech will develop it in partnership with the European Space Agency (ESA) and several Greek universities and companies.
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🇺🇸 SkyFi has announced a new partnership with Geospatial Technology Associates (GTA), a leader in hyperspectral image analysis.
This partnership will see the integration of GTA's advanced hyperspectral technology into SkyFi's analytics platform, providing users with brand-new capabilities in mineral and lithium detection, with more on the way.
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📜 REGULATORY & GOVERNMENT
🇺🇸 Sidus Space today announced that in partnership with NASA Stennis Space Center, the primary objectives of the NASA Autonomous Satellite Technology for Resilient Applications (“ASTRA”) payload mission were successfully met on July 1, 2024.
Collaborating closely with the NASA Stennis Autonomous Systems Laboratory (ASL) team, Sidus Space conducted extensive integration and communications testing of the flight unit, making a significant step forward in the development of autonomous systems for aerospace applications.
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