FINO MORNASCO, Italy (D-Orbit PR)– Despite the global challenges brought by the events of 2020, D-Orbit, an Italian systems and services provider for the space sector, is steadily moving forward with its roadmap.
In September, D-Orbit secured €15 million [$17.8 million] financing from the European Investment Bank (EIB), marking the first time that the EIB has funded a space firm. The funds will advance the expansion of the company, whose ultimate goal is redefining the standards of the orbital transportation industry.
Fino Mornasco, Italy (D-Orbit PR) — D-Orbit, an Italian systems and services provider for the Traditional and New Space sectors, has announced a new funding round led by Seraphim Capital, the world’s largest venture capital fund dedicated to investing in NewSpace companies.
The round also marks the entrance of Noosphere Ventures, D-Orbit’s first American investor. The Silicon Valley-based asset management firm specializes in transforming high-potential companies into market leaders, with a particular focus on the space market.
A group of original shareholders in the defunct Firefly Space Systems have accused co-founder and CEO Tom Markusic of fraudulently conspiring with Ukrainian billionaire Maxym Polyakov to force the rocket company into bankruptcy in 2017 and reconstitute it under a nearly identical name without giving them any stake in the new venture.
Markusic “betrayed the trust of his original co-founders and investors and committed fraud to cut them out of his aerospace company. Instead of managing the operations of the Original Firefly, a revolutionary rocket company with endless potential, Markusic schemed with…Maxym Polyakov…to rob Plaintiffs of their investments and form a new company called Firefly Aerospace, Inc. (the ‘New Firefly’),” the plaintiffs said in a lawsuit.
MENLO PARK, Calif. (EOS Data Analytics PR) — US-based EOS Data Analytics Inc. (EOS), a space portfolio company of Noosphere Ventures, today unveiled EOS SAR – a project to develop its own synthetic aperture radar (SAR) sensors intended for deployment in a constellation of microsatellites.
EOS SAR has been in stealth mode for over two years. EOS has more than 5 years of experience in developing data analytics products and cloud services for optical and SAR data from satellites. Over the years the company has developed an in-depth understanding of commercial and government remote sensing markets, which informed the decision to create its own SAR satellite constellation.
CEDAR PARK, Texas, June 17, 2019 (Firefly Aerospace PR) — The quest for space travel inspires STEM interest like no other endeavor. Firefly has promoted that interest by opening its doors to youth though Firefly Academy, the Base 11 Space Challenge, and the Firefly International Rocket Event (FIRE). Today Firefly is taking their STEM commitment literally to the next level by announcing a global competition to host academic and educational payloads, free of charge, on the inaugural flight of the Firefly Alpha launch vehicle. (more…)
CEDAR PARK, Texas, July 30, 2018 /PRNewswire/ — Firefly Aerospace, Inc. (Firefly), a developer of orbital launch vehicles for the small to medium satellite market, announced today the formation of an all-star advisory board. Members of the board act as ambassadors and advocates of Firefly and support the executive and management teams through consultation and strategic analysis. Initial appointments to the Firefly board areJeff Bingham, Robert M. Lightfoot, Jr., George Nield, and William F. Readdy.
Jeff Bingham brings nearly 40 years of governmental experience to Firefly. Instrumental in shaping space station policy, he served most recently as the senior advisor on space for the U.S. Senate Committee on Commerce, Science, and Transportation. He was previously the associate administrator for NASA’s Office of Legislative Affairs. Jeff played a key role in ensuring continued congressional support for the ISS as the legislative coordinator for the International Space Station program. (more…)