Nanosatellite business Myriota has announced a $28 million Series B funding round, with Hostplus and Main Sequence Ventures as lead investors and all Series A backers participating in the raise.
Global defence company Nova Group is maintaining its projections of over $200 million revenue this financial year with longer-term goals to continue expanding its global reach.
Australian rocket company, Valiant Space, has successfully fired its ‘Momentum’ liquid fueled rocket engine, claimed to be the first commercially developed such engine in Australian history. The engine was ignited on 15 March at Beyond the Blue Aerospace’s launch and test facility, Funny Farm Space, north of Goondiwindi, Queensland. Black Sky Aerospace, known for their…
A crack Australian team is tackling the threat of space junk wrecking new satellites using machine learning
Strong space and defence industries in South Australia are helping the formation of a potentially nation-leading AgTech ecosystem.
The Advanced Manufacturing Growth Centre has joined efforts by a group of Queensland companies to develop new lightweight composite rocket tanks. Gilmour Space, the University of Southern Queensland, Protonautics and Graphene Manufacturing Group are hoping to cut the weight of Gilmour’s rockets to deliver payloads of up to 250 kg such as small satellites into…
Defence, communications and space technology group Electro Optic Systems is experiencing boom conditions sending sales and profits sky high. During the December half year EBIT soared 194 per cent to $21.7 million on revenue up 91 per cent to $166 million, according to announcements today. The company ended 2019 with a backlog of $620 million,…
A new advanced manufacturing centre in South Australia will allow ballistics company XTEK to expand in to new markets, including the US, and new industries such as space.
The state government has announced a NSW Space Industry Development Strategy and $5 million in support for a new space industry hub, which it hopes will lure in startups operating within the fast-growing space sector.
More than 1000 space leaders including NASA representatives and the president of the Italian Space Agency are in Adelaide today for an industry forum as the local sector continues to gain momentum.