QuadSAT raised 2 million euros ($2.35 million) it says will help fuel its pivot from service provider to a seller of drones and software that satellite antenna makers and their customers can use as a cost-effective testing and calibration solution. QuadSat has closed a 2-million-euro ($2.35 million) Pre-Series A investment round. The company plans to use the new investment to expand its team as it prepares to launch its product offering.
Space in China has historically been associated with the state, and for good reason. The China Aerospace Science and Technology Corporation (CASC) has been synonymous with space in China. With CASC being owned by the Chinese government, this has meant that effectively the entirety of the Chinese space industry, up until 2014, was CASC.
Gilmour Space Technologies revealed on Wednesday that it has secured Space Machines Company as a customer for its maiden Eris rocket launch in 2022. The company has closed two commercial launch contracts within the past several months, and aims to launch 12 rockets a year by 2025, according to Gilmour Space
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