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SpaceX IPO Fuels Space Economy Buzz
SpaceX is just days from Wall Street's biggest IPO ever. And as capital pours into the Space Economy, the opportunities go beyond rocketships. Space exploration yields critical infrastructure for plenty of Earth-bound industries, like agriculture and drug research.
SpaceX's hold over orbit matches East India Company's grip on maritime trade
SpaceX's hold over orbit matches East India Company's grip on maritime trade Lisa Lock Scientific Editor Andrew Zinin Lead Editor Elon Musk's SpaceX holds sway over the emerging space economy in a way that has more in common with notorious colonial-era trading companies than the competitive markets of today's textbooks, according to a new study. In 2025, SpaceX had a market share of around 75% of everything humanity sent into space, according to calculations led by Dr. Alessio Terzi from the...
Asia’s ‘NewSpace’ economy is about more than just exploration
Advertisement Opinion Asia’s ‘NewSpace’ economy is about more than just exploration Outer space is growing beyond a scientific frontier to become a forum for contests over sovereignty and economic security 3-MIN READ3-MIN Listen Yogi Putranto is head of the Fisheries Intelligence and Surveillance Task Force at Cilacap Marine and Fisheries Resources Surveillance Station in Indonesia’s Ministry of Marine Affairs and Fisheries. For decades, Asia’s ambitions in outer space were closely...
Unlocking 'the true space age': Impulse Space raises $500 million to build out fleet of ultra-mobile spacecraft
Unlocking 'the true space age': Impulse Space raises $500 million to build out fleet of ultra-mobile spacecraft Impulse Space just got a lot more money to help finance its big ambitions in the final frontier. The California-based company — which was founded in 2021 by propulsion expert Tom Mueller, the first person Elon Musk ever hired at SpaceX — announced today (June 2) that it has raised $500 million in a "Series D" investment round. It will use the funds to scale up the production and...
NASA undertakes major reorganization to reduce bureaucracy and move faster
NASA Administrator Jared Isaacman has announced a major organisational overhaul aimed at increasing the agency's efficiency and accelerating key objectives. The changes, outlined in a lengthy email, focus on concentrating resources on priorities such as the Artemis Moon missions and developing in-space nuclear power. Isaacman confirmed that no jobs will be lost or field centres closed as part of this restructuring.
Impulse Space raises $500 million at $4.26 billion valuation as space investing surges
Impulse Space raises $500 million at $4.26 billion valuation as space investing surges NEW YORK, June 2 : Impulse Space, a startup building spacecraft that can ferry satellites and other payloads around in orbit after launch, said on Tuesday it has raised $500 million in a Series D funding round. The funding round values the company at $4.26 billion, according to a person familiar with the matter. The company was founded by Tom Mueller, SpaceX's first employee and the propulsion engineer who...
The space race is coming for pharma: Why drug development is heading to lower Earth orbit
The highly anticipated SpaceX mega-IPO is part of a space frenzy that is moving beyond satellite connectivity, launch vehicles, and aerospace defense to the pharmaceutical sector. A growing number of companies are heading to lower Earth orbit to make medicines in microgravity. The range of commercial opportunities is expanding as foundational aerospace industries set the necessary infrastructure.
How ‘Backrooms’ producer Peter Chernin thinks Hollywood needs to change
Over the past week, one conversation has dominated Hollywood executive lunches and studio staff meetings: What's the next "Backrooms"? The industry is scrambling to figure out how to replicate the phenomenon of "Obsession" and "Backrooms," low-budget psychological horror films directed by YouTube creators that have dominated the box office over the past two weeks. But "Backrooms" producer Peter Chernin, whose production company cofinanced the film, said he thinks the rush to sign deals with...
Australia, NZ back friendship to endure 'volatile world'
Prime Minister Anthony Albanese says Australia's continued friendship with New Zealand could help the nations endure a "volatile and changing world". Mr Albanese met with New Zealand Prime Minister Christopher Luxon for annual talks, where they spoke of the importance of collaboration across business, trade and defence. Mr Luxon said New Zealand was committed to continuing to align its economy with Australia to build more financial security for both countries.
NASA announces astronauts for Artemis III spaceflight, scheduled for 2027
NASA announces astronauts for Artemis III spaceflight, scheduled for 2027 Questions linger over whether the recent explosion of the Blue Origin New Glenn rocket will affect the Artemis III mission. The National Aeronautics and Space Administration, better known as NASA, has unveiled the crew for its upcoming Artemis III spaceflight, a preparatory mission as the United States plans to return to the Moon. On Tuesday, it was revealed that astronauts Andre Douglas, Frank Rubio, Luca Parmitano...