Nanosatellite company Fleet Space Technologies raises $35.8 million

Nanosatellite developer Fleet Space Technologies today announced it had raised $35.8 million (US$26.4 million) in Series B funding, allowing the company to pursue its advanced nanosatellite technology for use in industrial Internet of Things (IoT) applications. The Adelaide company, now valued at $170 million, raised cash from existing shareholders Artesian Venture Partners, Blackbird Ventures, Grok,…

@AuManufacturing’s new value-added service – accessing SMERL3 Covid recovery loans

ADVERTISEMENT The Australian Manufacturing Forum and @AuManufacturing have launched a new value-added service for manufacturers, assisting companies access loans guaranteed by the federal government under its SMERL3, SME Covid-19 recovery scheme. The federal government in conjunction with banking and lending institutions have been providing government backed loans of between 50 per cent and 80 per…

A chunk of Chinese satellite almost hit the International Space Station. They dodged it – but the space junk problem is getting worse

By Mark Rigby, University of Southern Queensland and Brad Carter, University of Southern Queensland Earlier this week, the International Space Station (ISS) was forced to maneouvre out of the way of a potential collision with space junk. With a crew of astronauts and cosmonauts on board, this required an urgent change of orbit on November…