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Investor demand drives Axiom Space to close $525 million financing round
Axiom Space has closed an oversubscribed financing round totalling more than US$525 million. The raise is US$175 million more than the previously announced figure in February of US$350 million. The new capital comes as the company works to meet specific milestones regarding its planned commercial space station and ongoing NASA contract requirements.
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Technology
Canadian consortium led by NordSpace awarded $3.2M from NGen for AI-powered space propulsion manufacturing
Markham-based NordSpace Corp. is leading a Canadian consortium that has been awarded $3.2 million from Next Generation Manufacturing Canada (NGen). The funding will support an $8…
NASA outlines iterative Moon Base strategy; Lunar Outpost awarded LTV contract with consortium partner MDA Space
On Tuesday, May 26, 2026, NASA detailed its updated roadmap for establishing a sustained lunar presence through its newly defined Moon Base program, emphasizing an iterative,…
Starship V3 launch scrubbed at t-40 seconds; Friday attempt planned
The inaugural test flight of SpaceX’s Starship Version 3 (V3), the 12th Starship flight test, was scrubbed on May 21, 2026, after multiple holds and resets at the…
DND and ISED launch $5.5M in challenges for Arctic optical comms and quantum repeaters
The government has issued two new Innovative Solutions Canada (ISC) challenges aimed at the domestic space and high-tech sectors, offering up to $5.55 million in total potential funding…
NASA aligns space technology investments with industry shortfalls and Ignition initiative
NASA has outlined its 40 primary technology focus areas for Fiscal Year 2026, signalling a concentrated effort to fund the capabilities necessary for long-term lunar infrastructure and deep…
Star Catcher secures US$65M Series A to develop orbital power grid
tar Catcher Industries has closed an oversubscribed US$65 million Series A funding round to accelerate the development of its in-space power infrastructure. The round was led by B…
Blue Origin lunar lander cabin mock-up arrives as NASA’s Artemis face delays
A full-scale mock-up of a crew cabin for a future lunar lander for NASA’s Artemis program now is operational for training and testing. Located in the Space Vehicle…
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