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LandSpace has created many “firsts” in China: the first private company to develop space launchers, the first privately funded orbital launch attempt, the first private company to sign a launch agreement with international customers. And on May 17, LandSpace announced that the company’s 80-tonne-class methane and liquid oxygen (methalox) engine, TQ-12, has completed successful full-system hot-fire tests.
Australian satellite startup Fleet Space Technologies has raised a $7.35 million round of funding to help launch its next generation of nanosatellites, extremely small satellites it employs to deliver Internet of Things (IoT) connectivity to customers globally.
For many in the space industry, so-called “megaconstellations” of communications satellites are the next big thing. Such systems have the potential to provide services from tracking planes and ships to offering broadband internet access more effectively than existing satellite systems or terrestrial alternatives.