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…

SpaceX’s Falcon Heavy places Arabsat-6A communications satellite into space

The launch demonstrates SpaceX’s capability as well as Elon Musk’s entrepreneurial acumen. It will go a long way to garner lucrative satellite launch of military satellites, worth billions of dollars. In a significant development, SpaceX’s Falcon Heavy, the most powerful operational rocket in the world, lifted off from Florida in a key demonstration of Elon…

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…

Scientists from Princeton and DoE inch closer to nuclear fusion

Although researchers have been able to better understand why synapses in a plasma field snaps and reconnect, a few answers are still playing hard to get. A more complete understanding could result in possibly the world’s first nuclear fusion reactor. In a historic development of monumental proportions, researchers from Princeton University and from the U.S.…