Quasar Satellite Technologies, a space communications startup building ground station services to replace parabolic dishes has raised $6 million in pre-Series A. The round by CSIRO’s VC fund, Main Sequence Ventures, and included PAN Group, and Marc and Lindy De Stoop of Climatech Group. The company has also scored a $5.3 million Defence Innovation Hub… Read more »
After a severe electrical storm damaged an ATSpace rocket on the launch pad in November, the company has announced that repairs have been completed and they will attempt another launch in the coming weeks, followed by another already planned launch of a second rocket. ATSpace CEO Dr Yen Sen Chen said they were pleased to… Read more »
It’s the multi-million-dollar satellite that will collect invaluable data from space once it takes off into the cosmos. But the pieces of the puzzle that make up the $6.5 million CubeSat mission, dubbed Kanyini, have been scattered across labs and workshops across South Australia – until now. Leading South Australian space companies have procured their… Read more »
Sir Richard Branson’s Nasdaq listed rocket launch company, Virgin Orbit, is setting up shop in Toowoomba, 100km west of Brisbane, taking up an offer to establish its third global launch site from local entrepreneurs the Wagner brothers. Virgin Orbit (Nasdaq: VORB) has signed a Memorandum of Understanding with ASX-listed Wagner Corporation (ASX: WGN), which operates… Read more »
Queensland rocket and satellite company, Gilmour Space, will launch Australia’s first ‘Caravan’ to space in late 2024, with a payload of multiple satellites for low earth orbits (LEO), as part of a “rideshare” model for other space startups. CEO and cofounder Adam Gilmour said that unlike most rocket launches which host a primary customer payload,… Read more »
The Sydney-based National Space Industry Hub at deep tech incubator Cicada Innovations is partnering with one of India’s largest aviation, aerospace and space-tech incubators, mach33.aero to support space entrepreneurs across both nations with their global and beyond ambitions. The Bangalore-based fellow deep tech incubator is India’s first public-private partnership to promote innovation and entrepreneurship in… Read more »
The Australian Government has backed plans to build a $66 million Adelaide-based manufacturing hub for the space industry with a $20 million grant towards the project. The Space Manufacturing Hub, first revealed last December, is a collaboration between the South Australian government and four local startups: nano-satellite maker Fleet Space Technologies, quantum technologies developer Q-CTRL and… Read more »
South Australia’s reputation as the centre for the nation’s space startups has been boosted by federal government approval for a second rocket launch facility licence on the state’s Eyre Peninsula. The licence has gone to four-year-old space startup Southern Launch to establish a sub-orbital rocket testing facility at Whalers Way, near Port Lincoln, 680km west… Read more »
The Canva brand is now worth more than Woolies, Telstra and Bunnings
VC-backed crowdfunding platform Stride Equity is offering a new funding model for startups
Antler Investor Memo Series: Adtech startup MADU monetises visual content in a post-cookies publishing
Female-founded fermentation startup Cauldron lands $10.5 million to transform how new foods and fibres are developed
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