Astra Space, Inc. to be taken private: https://lnkd.in/gVmQXKfE
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Astra Space, Inc. to be taken private: https://lnkd.in/gVmQXKfE
Is that the original Ventions facility ?
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🌌 Astra to Go Private: Co-founders Take Action After Public Setback... Astra has recently announced a major strategic change: the decision to transition from a public company to a private entity. Here's what you need to know: Key Highlights: 🔹Co-founders Chris Kemp and Adam London lead the charge in acquiring all outstanding common stock. 🔹A special committee backs this plan as a critical step to steer clear of potential bankruptcy. 🔹Despite initial achievements, Astra faced launch failures and financial difficulties, resulting in halting rocket-launch operations. 🔹The move to go private is seen as a practical step to refocus and stabilize, essential for the highly competitive space industry. What impacts do you think this transition will have on the future of space technology firms? https://lnkd.in/eYXnytMw #SpaceTech #BusinessStrategy #Innovation
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Helping Business Owners Develop, Grow & Make More Money 1- Bringing Industry Experts to the 4 consecutive year AWARD WINNING The Masterclass Sessions, 2 - GO Connections Online Business Networking 100+ events to choose
🚀 **A Giant Leap for Manufacturing: Space Forge Secures Nato Fund** 🌌 In a groundbreaking move, Cardiff-based start-up Space Forge has successfully secured funding from Nato’s $1.1bn (£870m) investment fund. This isn't just big news for the company; it's a seismic shift for the entire manufacturing landscape. 🔍 **What's Happening?** Space Forge aims to launch robotic factories into space, specifically designed for advanced microchip crystal manufacturing. This innovative approach could revolutionize how we produce complex materials and components. 📈 **Future Predictions:** Space-based manufacturing will accelerate faster than ever. With funding secured, we can expect rapid advancements: - Microchip crystals produced in zero gravity could drastically surpass the quality of earth-bound manufacturing. - Space Forge's success will likely spearhead more investments in space tech, possibly creating a new industrial revolution in orbit. 🏭 **The Vision:** Imagine a future where: - Factories operate beyond Earth's atmosphere, leveraging the unique conditions of space for superior product quality. - The concept of Made in Space becomes a standard of excellence, known for its high precision and quality. 📊 **Why This Matters:** The implications are vast: - Enhanced production capabilities could lead to major breakthroughs in industries like semiconductor technology, telecommunications, and even healthcare. - Companies worldwide may pivot their R&D efforts to align with space manufacturing, fostering a global tech evolution. 🌟 **Key Takeaways:** - **Innovation:** Space Forge’s technology is poised to set new standards in manufacturing efficiency and product quality. - **Investment:** With backing from Nato’s substantial fund, we’re witnessing a significant endorsement of space manufacturing’s potential. - **Impact:** This could be the tipping point that transforms not just how we manufacture items, but also where we do it. In summary, Space Forge's accomplishment is a clear indicator that the frontier of manufacturing is extending far beyond our planet. ## **Exciting times lie ahead as we turn science fiction into reality.** 💡🌠 👉 **Read more:** [Nato’s $1bn Fund Backs British Start-Up to Build Space Factories](https://lnkd.in/eH9qTCUC) #Technology #Innovation #SpaceTech #Manufacturing #SpaceForge #Nato #Investment #FutureOfWork #AdvancedManufacturing #Microchip
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In Module 2 at Oxford, I explored the intriguing realm of market creation and innovation exemplified by the Astroscale case study. This journey showcased how innovative products carve out new niches, underlining the power of disruptive innovation to transform markets. #Innovation #MarketCreation #DisruptiveInnovation #Astroscale #OxfordModule2 https://lnkd.in/gDcxuu-s
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The Orbital Express Launch Ltd. Saga – Leadership Revamp, Spaceport Struggles, and Financial Navigation! In 2023, Orbex underwent leadership changes. The recent addition of new C-suite hires promises stability, but the journey to the stars is not without its twists and turns. 🛑Challenges at the Launch Pad: Questions surround Orbex's exclusive use of the Sutherland Spaceport, dubbed "our private launch pad" in their annual report. Recent troubles at the launch site have prompted a return to public consultation and planning amendments, raising eyebrows in the space community. 🚨Financial Mysteries: A closer look at Orbex's recent accounts reveals glaring red flags, leaving us to ponder: Will the added energy be enough to propel the company forward, or are there deeper challenges on the cosmic horizon? 🔗 Click the link below to read the full article and delve into the intricacies of leadership changes, spaceport woes, and the potential energy needed for a cosmic comeback. https://lnkd.in/ePqsF7ef
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SpaceTech VC activity has continued to grow compared to general tech VC activity 🚀 Performance: SpaceTech has outshone the broader tech VC landscape since Q1 CY18. 📉 Resilient Growth: Despite a 50% dip from CY22 peaks, SpaceTech investment still stands over twice its Q1 CY18 levels. In comparison, general tech VC investment is at 1.25x. 💪 Resilience in Uncertainty: SpaceTech showcases remarkable resilience amid macroeconomic uncertainty, bucking trends seen in the broader tech VC space. 📊 Growing Deal Activity: The sector's growing deal activity starkly contrasts the five-quarters decline observed in general technology VC. Despite the wider VC sector being affected by economic uncertainty spacetech deals continued throughout 2023, below are the top 10 rounds this year: - Axiom Space $350m series C funding round - Sierra Space $290m series B funding round - Mapbox $290m series E funding round - Astranis Space Technologies $200m series D+ funding round - Isar Aerospace $165m series C funding round - Ursa Major $100m series D+ - Stoke Space $100m series B - Kepler Communications Inc. $92m series C - Voyager Space $80.2m series B - Constanellis Aerospace Inc. $78.9m series A For more information on the graph see the Seraphim Space Index - https://lnkd.in/eAR2cS-z #SpaceTech #VCInsights
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One of the key fast growing sectors with high impact on many many businesses is SPACE. Especially what we call New Space - the private sector approach to commercializing and exploring space. It is not just about Elon Musk and SpaceX. Read about the central value chains in "Exploring Emerging Business Model Value Chains in New Space." (by Baber & Ojala, (2024). https://lnkd.in/gBKViezt
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Science Attaché 🇩🇰🇺🇸 I Innovation Centre Denmark Silicon Valley | Ministry of Higher Education and Science
🪐 There is room for Denmark in space 🪐 Exploring Denmark’s Future in the New Space Economy. Insights and Opportunities. Dive into how Denmark can thrive in this exciting new era! Read my blog👇 (Note: The article is in Danish, but a quick run through a GenAI translator will reveal all the key insights.) Innovation Centre Denmark Innovation Centre Denmark Silicon Valley Uddannelses- og Forskningsministeriet Uddannelses- og Forskningsstyrelsen Brug rummet
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Congratulations to Team Axelspace Corporation for closing a jaw-dropping $43.5 million Series D investment round! 🙌 👊 🚀 Axelspace is a #microsatellite developer and #satellite imagery provider based in Tokyo, Japan. The company is a 2020 XTC Japan Global Finalist in Enabling Technologies. 🛰️ Axelspace will expand its satellite constellation and provide smallsats for other applications. According to the SpaceNews article, the funding round is the latest sign of growing investor interest in Japan for entrepreneurial space companies. Axelspace operates five microsatellites that provide medium-resolution imagery through a service called AxelGlobe. Four of those satellites launched in 2021, three years after its first satellite. Axelspace will use the capital to support expansion of its satellite constellation. “It's great to see Axelspace (from XTC Japan, our friends from IT-Farm Corporation) continue to kill it, reaching Series D, which is great to news coming from the Japanese ecosystem,” said Victoria Slivkoff, Executive Managing Director of Extreme Tech Challenge. What a way to end 2023! We’re celebrating Axelspace’s remarkable growth as we share their latest investment news. 🥳 Read the SpaceNews article 👉 https://lnkd.in/gq45PtED #spacetech #investment #impact Young Bill Yuya Shinya John Sumitomo Mitsui Banking Corporation Lars Catherine
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Our CEO Bianca Cefalo speaks to Forbes about Space DOTS® mission and some of her first lessons learned as a founder. Here Bianca shares: 🛞 the painful childhood lesson she learned from my dad's failed business and how it helped her part ways amicably with an original third co-founder. 🤝 Our strategic partnership with Thales Alenia Space that will provide transparency into how much Space companies are really spending on advanced materials testing and qualification, and how Space DOTS can help reduce that burden. ❤️ The hiring mistake we almost made last year and how important it is to trust your gut in a competitive talent market. #space #spacetechnology #spaceindustry #newspace #newspaceeconomy #womenintech #womeninspace #femalefounders #forbes https://lnkd.in/gskE58iX
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💡 Intuitive Machines Chairman Kam Ghaffarian Bullish On Booming Space Economy Kam Ghaffarian, the influential space entrepreneur and chairman of Intuitive Machines, shares his bullish outlook on the burgeoning space economy from the recent Space Symposium in Colorado. As AI propels the industry forward, opportunities for groundbreaking advancements in space technology are rapidly expanding. Key Highlights: 🔹Technological Catalysts: Artificial intelligence is enhancing robotics and enabling innovations such as in-space manufacturing, which are pivotal for the next stages of human exploration. 🔹Market Expansion: Novel applications like bioprinting, space-based pharmaceuticals, and special materials manufacturing present significant economic opportunities. 🔹Infrastructure Development: Ghaffarian’s ventures, including significant contributions by SpaceX’s Starlink, are critical in building the necessary infrastructure for sustained economic growth in space. 🔹Investor Insight: Drawing parallels with early skeptics of tech giants like Amazon and Tesla, Ghaffarian underscores the importance of visionary investment in space technologies. The space sector is poised to become a cornerstone of the future economy. What strategies should businesses adopt to ensure they are part of this exciting frontier? https://lnkd.in/egcEcYKh #SpaceEconomy #Innovation #ArtificialIntelligence #SpaceExploration #InvestmentOpportunities
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"$0.50 per share in cash. On March 6, 2024, the closing price of Astra’s Class A common stock was $0.86 per share" Disappointing especially for those of us that bought in at IPO. I bought in at ~$10, with the 15:1 reverse split that's a 99.7% loss for myself and all the other public investors. I still believe in the mission Astra looked to accomplish, I wish the company well on it's endeavors. I personally would rather the remaining assets be sent to investors, I would much rather receive a copy of internal test reports and other company IP rather than fractions of a penny on the dollar.