A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance
A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance

Denmark’s AkademikerPension, which manages roughly $25 billion for academic professionals, has said it will not participate in SpaceX’s initial public offering or buy shares in any secondary-market transaction, according to Bloomberg. Chief investment …

Blue Origin’s massive New Glenn rocket explodes in a fiery blaze during tests

Blue Origin’s New Glenn rocket is gone, its only launchpad is potentially unsalvageable, and the company has no confirmed timeline for returning to flight.

Blue Origin explosion is a major setback for NASA’s Moon plans and Amazon’s Starlink competitor
Blue Origin explosion is a major setback for NASA’s Moon plans and Amazon’s Starlink competitor

While Blue Origin investigates the root cause behind last night’s spectacular explosion of its New Glenn rocket, it’s already clear that this will be a major setback for NASA’s Moon base plans and Amazon’s fledgling Leo space internet constellation. The incident occurred at about 9PM at Blue Origin’s Florida launch site during a hot-fire test, […]

SpaceX has cut its IPO valuation target to $1.8 trillion as marketing begins next week
SpaceX has cut its IPO valuation target to $1.8 trillion as marketing begins next week

SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and inves…

Blue Origin’s New Glenn rocket exploded on the launch pad, destroying its only pad and threatening Amazon’s satellite deadline
Blue Origin’s New Glenn rocket exploded on the launch pad, destroying its only pad and threatening Amazon’s satellite deadline

Blue Origin’s New Glenn rocket exploded during a static fire test at Cape Canaveral Space Force Station on Thursday night, sending a fireball into the sky and destroying the vehicle along with critical launch pad infrastructure. The explosion occurred …

Blue Origin’s New Glenn rocket explodes during testing in Florida

The explosion is likely a major setback for Jeff Bezos’ spaceflight company, and its attempt to compete with SpaceX.

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StrictlyVC Los Angeles is on June 18. Join for meaningful networking and fireside chats with leaders from Mach Industries, Shinkei Systems, and more. Register here.

FAA orders SpaceX to investigate Starship V3 booster failure

Starship is grounded until SpaceX finds out why the first V3 booster failed during its first test flight.

Schaeffler and Spire pair up to build sovereign European satellites in Germany
Schaeffler and Spire pair up to build sovereign European satellites in Germany

The 80-year-old bearings maker and the US-listed satellite firm have signed an MoU to industrialise Spire’s 100-satellite-a-year Munich plant for European defence customers. Schaeffler AG, the German precision-engineering company best known for the bea…

NASA’s permanent Moon base plans start with three missions this year
NASA’s permanent Moon base plans start with three missions this year

On Tuesday, NASA announced several upcoming lunar missions to the Moon’s South Pole region. These missions will pave the way for the crewed Artemis landing slated for 2028, starting with three Moon Base missions NASA says are “the first of more than a dozen missions that will be announced this year.” In addition to the […]