SpaceX could be valued at $36 billion in latest funding round

According to sources familiar with financing of Elon Musk’s SpaceX, the company is looking to raise around $250 million, which could see its valuation touch $36 billion, reported CNBC. According to CNBC’s report, SpaceX plans on raising the amount at a price of $220 per share. The funding round is expected to close after the…

Brazil signs technology safeguard agreement with the U.S.

In a development that paves the way for U.S. companies to use Brazil’s Alcantara base in the Northeastern-state of Maranhao to launch satellites, the Brazilian Senate has approved the ratification of an agreement signed earlier this year to safeguard U.S. space and defense technology. The agreement was earlier signed in March 2019 during an official…

SoftBank to launch autonomous-enabling services in Japan in July 2019

SoftBank’s service will power a range of machineries including autonomous farm equipment to buses and drones. In a statement, Japan’s SoftBank Corp stated it will be launching a service in 2019 that will use satellite navigation data and the telco’s mobile base stations to help power self-driving buses, drones and farm machinery. SoftBank’s service will…

Amazon courts space industry, adds antenna service for satellites to its cloud business

The move is significant as it marks Amazon.com’s growing ambition to tap contracts from the U.S. Department of Defense. Amazon.com Inc, the world’s biggest online retailer and also the world’s top cloud computing company, stated it was starting a new antenna service for uploading and downloading data from satellites; the move underscores its efforts to…

Boeing to use 3D printing for its modular satellites

The new manufacturing method could not only save significant costs but also benefit from an improved technological upgrade cycle. Known for manufacturing huge, gigantic satellites that cost a bomb, nearly $150 million, aerospace giant Boeing plans on adopting new production practices which could significantly lower its production costs. The Wall Street Journal has reported, Boeing plans…