Fleet Space Technologies attracts $26.4m (USD) investment valuing company at $126m (USD)
Series B Round oversubscribed
Investment confirms confidence in Fleet Space advanced satellite technology
Tech drives radical Internet of Things (IoT) efficiencies
Investment is firm commitment to Australia’s rapidly emerging space industry
Investment creates 70 new jobs, including many desirable STEM positions
ADELAIDE, Australia (Fleet Space Technologies PR) — Fleet Space Technologies announces that it has secured $26.4m (USD) in investment, valuing the company at $126 million (USD). This represents a major step forward for Fleet Space Technologies, which is committed to creating the world’s most advanced low-power satellite network, securing planet-wide coverage for millions of compatible Internet of Things (IoT) devices by using its in-house Nanosatellite technology. This funding will underpin significant expansion in Fleet Space’s manufacturing footprint and will expand the company’s highly skilled workforce.
ISRO’s PSLV and GSLV-MkIII to become a part of launch programme for OneWeb’s LEO satellites that will beam high speed broadband on earth
LONDON and NEW DELHI, India, 11 October 2021 (OneWeb PR) — Bharti-backed OneWeb, the low Earth orbit satellite communications company, today announced an arrangement through Letter of Intent with NewSpace India Limited (NSIL), the commercial arm of Indian Space Research Organisation (ISRO), to use the Indian-built PSLV (Polar Satellite Launch Vehicle) and the heavier GSLV-MkIII (Geosynchronous Satellite Launch Vehicle) as potential platforms to launch OneWeb’s satellites in India from 2022.
The Indian government’s efforts to commercialize its space sector has been picking up speed over the past two years. Outlook India spotlighted two important indicators in a recent story:
About 40 space startups and industries are in consultation with ISRO for support related to various domains of space activity such as development of satellites, launch vehicles, develop applications and provide space-based services.
India’s Foreign Direct Investment policy in the space sector is also getting revised which, the ISRO Chairman and DoS Secretary K Sivan believes, will open up huge avenues for foreign companies to invest in the country.
India’s space industry has been largely closed and government run. Changing the investment policy could bring a flood of foreign money into a range of areas, including communications and launch vehicle development.
The government has established NewSpace India Ltd. under the Department of Space to spearhead commercialization efforts. The company has been overseeing efforts to turn over the production of India’s government-built launch vehicles to private companies.
The Indian Space Research Organisation (ISRO) recently signed agreements that will allow two private launch vehicle developers, Agnikul Cosmos and Skyroot Aerospace, access to the space agency’s facilities and technical expertise. Additional agreements are anticipated.
ISRO has established the Indian National Space Promotion and Authorisation Center (IN-SPACe), whose responsibility is to facilitate cooperation between the space agency and private companies.
India is moving forward with transferring production of its government-built launch vehicles to private companies, Outlook Indiareports.
The Department of Space (DoS) plans to realise entirely-built rockets — GSLV-Mk III and SSLV — from Indian industry partners, in addition to PSLV, according to a top official of its commercial arm NSIL.
NSIL (NewSpace India Limited) has received three bids — HAL-L&T, BEL-Adani-BEML, and BHEL, in response to the request for proposal (RFP) floated by it for end-to-end production of PSLV (Polar Satellite Launch Vehicle).
“We are now going through the techno-commercial evaluation (in respect of the three bids)”, NSIL Chairman and Managing Director, D Radhakrishnan, told PTI here.
He said the process will be completed within the next two months with one of the bidders bagging the contract. The selected bidder will be responsible for realisation of five numbers of PSLV.
GSLV-Mk III is India’s most powerful satellite booster. It will be used to launch ISRO’s Gaganyaan crewed spacecraft. SSLV is the Small Satellite Launch Vehicle, whose maiden flight has been delayed by the COVID-19 pandemic.
Dr K Sivan, Chairman, ISRO/ Secretary, DOS inaugurated the spacecraft research laboratory at M/s Bellatrix Aerospace, the startup company inside IISc, Bangalore. This privately funded propulsion lab has in-house facilities for development and testing of electric and green chemical propulsion technologies.
Dr Sivan appreciated the young team for establishing the state-of-the art facility which houses equipment such as integrated thermal high vacuum test facilities, catalytic reactors, propellant preparation facilities, specialized high temperature coating facilities, etc. Chairman, ISRO also witnessed the firing of Hall Thruster at the facility.
Indian startup Agnikul Cosmos signed a framework memorandum of understanding (MOU) with India’s Department of Space on Friday for access to ISRO facilities and expertise for the development of its two-stage small-satellite Agnibaan launch vehicle.
BENGALURU, India (ISRO PR) — Department of Space has today, September 11, 2021, entered into a Framework MoU with M/s Skyroot Aerospace Pvt. Ltd., Hyderabad for access to ISRO facilities and expertise towards the development and testing of subsystems/systems of Space Launch Vehicles. The Framework MoU will enable the company for undertaking multiple tests and access facilities at various ISRO centers and also enable to avail technical expertise of ISRO for testing and qualifying their space launch vehicle systems and subsystems.
The multi-launch contract will see Rocket Lab deploy 25 Internet-of-Things (IoT) satellites across five dedicated missions on the Electron launch vehicle
Long Beach, California. September 08, 2021 (Rocket Lab PR) – Rocket Lab USA, Inc (“Rocket Lab” or the “Company”) (Nasdaq: RKLB), a leading launch provider and space systems company, today announced it has been awarded a contract to deploy an entire satellite constellation across five dedicated Electron missions for Kinéis, a global Internet-of-Things (IoT) connectivity provider.
Scheduled for launch beginning in the second quarter of 2023, the constellation will enable Kinéis, a company backed by private and public investors including the French government’s space agency CNES (Centre National d’Études Spatiales) and CLS (Collecte Localisation Satellites) an international space-based solutions provider, to improve its global IoT connectivity. The multi-launch contract with Kinéis, which is subject to standard termination and launch rescheduling provisions, follows a similar bulk buy of launches earlier this year to deploy nine satellites across five dedicated Electron missions as part of a constellation for BlackSky, a provider of real-time geospatial intelligence and global monitoring services.
MAHENDRAGIRI, India (ISRO PR) — On August 28, 2021, ISRO successfully conducted the first hot test of the System Demonstration Model (SDM) of the Gaganyaan Service Module Propulsion System for a duration of 450 seconds at the test facility of ISRO Propulsion Complex (IPRC), Mahendragiri, Tamil Nadu.
The system performance met the test objectives and there was a close match with the pre-test predictions. Further, a series of hot tests are planned to simulate various mission conditions as well as off-nominal conditions.
The Service Module is part of the Gaganyaan Orbital module and is located below the crew module and remains connected to it until re-entry. The Service Module (SM) Propulsion System consists of a unified bipropellant system consisting of 5 nos. of 440 N thrust engines and 16 nos. of 100 N Reaction Control system (RCS) thrusters with MON-3 and MMH as Oxidizer and Fuel respectively.
The System Demonstration Model (SDM), consisting of 5 nos. of 440 N engines and 8 nos. of 100 N thrusters, was realized to qualify the propulsion system performance in ground. A new test facility is established at IPRC, Mahendragiri for testing the SDM.
SRIHARIKOTA, India — The GSLV-F10 launch took place on Thursday, August 12, 2021 at 0543 IST as scheduled. Performance of first and second stages was normal. However, cryogenic upper stage ignition did not happen due to technical anomaly. The mission couldn’t be accomplished as intended.
EOS-03 was a state-of-the-art agile Earth observation satellite which was to have been placed in a Geosynchronous Transfer Orbit by GSLV-F10. The satellite was to have reached its final geostationary orbit using its onboard propulsion system.
A 4-meter diameter Ogive shaped payload fairing was flown for the first time on this GSLV flight. It was the fourteenth flight of the GSLV rocket. The rocket has a record of eight successes, four failures and two partial failures.
Hit hard by the COVID-19 pandemic, India has only launched four times since the beginning of 2000. The three previous flights during that period were successful. India typically conducts about six launches annually.
MAHENDRAGIRI, India (ISRO PR) — On July 14, 2021, ISRO has successfully conducted the third long duration hot test of the liquid propellant Vikas engine for the core L110 liquid stage of the human rated GSLV Mk III vehicle, as part of the engine qualification requirements for the Gaganyaan Programme.
The engine was fired for a duration of 240 seconds at the engine test facility of ISRO Propulsion Complex (IPRC), Mahendragiri in Tamil Nadu. The performance of the engine met the test objectives and the engine parameters were closely matching with the predictions during the entire duration of the test.
Hit hard by the COVID-19 pandemic, India’s growing space program managed only two domestic launches last year as it was forced to delay the Gaganyaan human spaceflight program and several other high profile projects.
However, India was able to move forward last year on a sweeping commercialization of its state-controlled space industry designed to make the country internationally competitive.
Last year was a tough one for Europe in terms of launches. The COVID-19 pandemic closed the Guiana Space Centre for extended periods. And the most troubled of the three rockets launched from the spaceport had another bad day.
Despite the problems, there were seven launches from French Guiana in 2020, with six successes and one failure. Five of the flights involved European rockets, and two others were Russian Soyuz boosters.