Tag #Space Industry

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pt.euronews.com

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Jan 29, 04:10

EU Urges 'Big Bang' Investment in Space to Counter US and China

EU Space Commissioner Andrius Kubilius urged a 'big bang' approach to EU space investment, citing insufficient and fragmented funding as the EU lags behind the US and China, holding only 11% of global public space investment, while the US holds 64%.

EU Urges 'Big Bang' Investment in Space to Counter US and China

EU Space Commissioner Andrius Kubilius urged a 'big bang' approach to EU space investment, citing insufficient and fragmented funding as the EU lags behind the US and China, holding only 11% of global public space investment, while the US holds 64%.

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What are the immediate consequences of the EU's insufficient space funding compared to global competitors like the US and China?

The European Union is facing a potential decline in its space industry due to insufficient and fragmented funding, currently holding only 11% of global public space investment (12 billion euros) compared to the US's 64% (over 65 billion euros). This has led to setbacks, including reliance on SpaceX for satellite launches after losing its lead in commercial launchers and geostationary satellites.

it.euronews.com

🌐 75% Global Worthiness

Jan 28, 19:13

EU Seeks "Big Bang" Investment to Maintain Space Leadership

EU Space Commissioner Andrius Kubilius urged for a "big bang" approach to increase EU space investments, noting that the current 11% share of global public funding (12 billion euros) is insufficient to compete with the US's 64% (over 65 billion euros), highlighting the need for increased funding and...

EU Seeks "Big Bang" Investment to Maintain Space Leadership

EU Space Commissioner Andrius Kubilius urged for a "big bang" approach to increase EU space investments, noting that the current 11% share of global public funding (12 billion euros) is insufficient to compete with the US's 64% (over 65 billion euros), highlighting the need for increased funding and...

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How are supply chain disruptions and decreased profitability affecting the EU's competitiveness in the global space industry?

The EU's dependence on US companies like SpaceX for satellite launches highlights its current lack of competitiveness. Structural issues, including supply chain disruptions and decreased profitability within the European space industry, are impacting the EU's ability to compete with global leaders. To reverse this trend, the EU plans to increase space investments and implement a new space industrial strategy.

edition.cnn.com

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Jan 13, 16:11

Blue Origin Scrambles New Glenn Rocket Launch

Blue Origin scrubbed the launch of its New Glenn rocket from Cape Canaveral on Monday due to unspecified technical issues, delaying its entry into the competitive satellite launch market and potentially giving SpaceX a further advantage.

Blue Origin Scrambles New Glenn Rocket Launch

Blue Origin scrubbed the launch of its New Glenn rocket from Cape Canaveral on Monday due to unspecified technical issues, delaying its entry into the competitive satellite launch market and potentially giving SpaceX a further advantage.

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What were the immediate consequences of Blue Origin's decision to scrub the New Glenn rocket launch?

Blue Origin scrubbed the launch of its New Glenn rocket due to unspecified "anomalies" discovered during pre-launch checks. The company is now draining the rocket's fuel and will assess the issues before scheduling a new launch attempt. This delay impacts Blue Origin's plans to compete with SpaceX.

theguardian.com

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Dec 11, 16:09

SpaceX Valuation Soars to $350 Billion in Employee Share Buyback

SpaceX's employee share buyback valued the company at $350 billion, almost double its value a year ago, fueled by substantial government contracts and investor confidence in continued growth under a Trump administration.

SpaceX Valuation Soars to $350 Billion in Employee Share Buyback

SpaceX's employee share buyback valued the company at $350 billion, almost double its value a year ago, fueled by substantial government contracts and investor confidence in continued growth under a Trump administration.

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What is the current valuation of SpaceX, and what factors contributed to this significant increase?

SpaceX, valued at $350 billion, repurchased employee shares at $185 each, a significant increase from $112 a few months prior. This signifies investor confidence and a substantial valuation increase in a short time. SpaceX itself contributed $500 million to the $1.25 billion buyback, with the rest coming from investors like Baillie Gifford and Sequoia Capital.

theglobeandmail.com

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Dec 5, 01:10

Airbus Cuts 2,043 Defence and Space Jobs Amidst Restructuring

Airbus is cutting 2,043 jobs (5%) in its Defence and Space division, mainly in Space Systems due to €1.5 billion in satellite writedowns, impacting Germany (689), France (540), Britain (477), and Spain (303) by mid-2026, as part of restructuring plan "Project Proton" to counter low-Earth-orbit satel...

Airbus Cuts 2,043 Defence and Space Jobs Amidst Restructuring

Airbus is cutting 2,043 jobs (5%) in its Defence and Space division, mainly in Space Systems due to €1.5 billion in satellite writedowns, impacting Germany (689), France (540), Britain (477), and Spain (303) by mid-2026, as part of restructuring plan "Project Proton" to counter low-Earth-orbit satel...

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What is the impact of increased competition from low-Earth-orbit satellite constellations on Europe's aerospace industry?

Airbus announced 2,043 job cuts, 5% of its Defence and Space division, mainly impacting its Space Systems business due to significant satellite losses. This follows €1.5 billion in writedowns, primarily from the troubled OneSat project. The cuts will be implemented by mid-2026 and primarily affect white-collar and management positions.

dailymail.co.uk

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Dec 5, 01:11

Orbex Halts Sutherland Spaceport Construction, Shifting to Shetland

Orbex paused construction of its Sutherland spaceport, redirecting to Shetland's SaxaVord due to focusing on rocket building, despite over £14 million in public funding and completed infrastructure, angering the Highland community anticipating job creation.

Orbex Halts Sutherland Spaceport Construction, Shifting to Shetland

Orbex paused construction of its Sutherland spaceport, redirecting to Shetland's SaxaVord due to focusing on rocket building, despite over £14 million in public funding and completed infrastructure, angering the Highland community anticipating job creation.

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What are the broader implications of this decision regarding the allocation and use of public funds, and what accountability mechanisms are in place?

The decision to pause construction comes despite Orbex advertising jobs last month and stating recent progress. The Sutherland site had already seen significant work completed, including road construction and other infrastructure, funded by Highlands and Islands Enterprise, the Nuclear Decommissioning Authority, and the UK Space Agency. This shift raises concerns about public funds and the future of the Sutherland site.

gr.euronews.com

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Jan 28, 22:12

EU Urges "Big Bang" Space Investment to Counter US and China

EU Space Commissioner Andrius Kubilius urged a massive investment increase in space, citing Europe's low public spending (11% of global total, 12 billion euros) compared to the US (64%, over 65 billion euros), and similar disparities in private investment. He expects new space funding in the next EU...

EU Urges "Big Bang" Space Investment to Counter US and China

EU Space Commissioner Andrius Kubilius urged a massive investment increase in space, citing Europe's low public spending (11% of global total, 12 billion euros) compared to the US (64%, over 65 billion euros), and similar disparities in private investment. He expects new space funding in the next EU...

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How do the EU's current space funding levels compare to those of major competitors like the US and China, and what are the consequences of this disparity?

Europe's public space spending is significantly lower than that of the US (11% vs 64% of global spending), and its private investment is also far behind (980 million euros vs 3.6 billion euros). This shortfall impacts Europe's competitiveness, forcing reliance on US launchers like SpaceX for satellite deployment, unlike the previous leadership in commercial launchers (Ariane 4-5) and geostationary satellites.

us.cnn.com

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Jan 13, 16:11

Blue Origin's New Glenn Rocket Launch Scrubbed Due to Technical Issues

Blue Origin scrubbed the launch of its New Glenn rocket from Cape Canaveral on Monday due to unspecified technical issues, delaying its entry into the commercial satellite launch market.

Blue Origin's New Glenn Rocket Launch Scrubbed Due to Technical Issues

Blue Origin scrubbed the launch of its New Glenn rocket from Cape Canaveral on Monday due to unspecified technical issues, delaying its entry into the commercial satellite launch market.

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What factors contributed to the delay, and what is the significance of the "anomalies" discovered?

This setback highlights the inherent complexities and challenges of rocket launches. The incident underscores the rigorous testing and troubleshooting required before such missions, even for established companies like Blue Origin. Delays can significantly impact launch schedules and market competitiveness, especially considering SpaceX's upcoming launches.

elpais.com

🌐 85% Global Worthiness

Dec 13, 16:13

New EU Space Commissioner Prioritizes Increased Funding and Strategic Alignment

Andrius Kubilius's appointment as the new European Commissioner for Defence and Space signals a strategic shift towards leveraging space to boost Europe's economy and global influence, involving increased funding, streamlined ESA operations, and closer collaboration with the EU.

New EU Space Commissioner Prioritizes Increased Funding and Strategic Alignment

Andrius Kubilius's appointment as the new European Commissioner for Defence and Space signals a strategic shift towards leveraging space to boost Europe's economy and global influence, involving increased funding, streamlined ESA operations, and closer collaboration with the EU.

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Why is Europe strategically focusing on space to enhance its economic competitiveness and global standing?

Europe's pivot towards leveraging space for economic growth stems from a recognition of its lagging competitiveness compared to global rivals. The need to foster sustainable economic security and autonomy, as highlighted by Mario Draghi's report, motivates this strategic shift, focusing on leveraging existing strengths in Earth observation and navigation technology (Copernicus, Galileo) for economic benefit. This strategy also seeks to strengthen links between the space and defense industries.

welt.de

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Dec 6, 01:08

"Vega C Successfully Launches, Restoring Europe's Independent Access to Space"

"After a two-year delay due to a previous launch failure, Europe's Vega C rocket successfully launched from Kourou, French Guiana on Thursday, carrying the Sentinel-1C Earth observation satellite, restoring ESA's independent access to space for smaller satellites."

"Vega C Successfully Launches, Restoring Europe's Independent Access to Space"

"After a two-year delay due to a previous launch failure, Europe's Vega C rocket successfully launched from Kourou, French Guiana on Thursday, carrying the Sentinel-1C Earth observation satellite, restoring ESA's independent access to space for smaller satellites."

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"What is the significance of the successful Vega C launch for the European Space Agency (ESA)?"

"After a two-year setback, Europe's Vega C rocket successfully launched on Thursday, carrying the Sentinel-1C satellite. This marks a significant milestone for the European Space Agency (ESA), restoring its independent capacity for launching smaller satellites. The launch took place from the European spaceport in Kourou, French Guiana.", "The Vega C, an upgraded version of the Vega rocket, can carry over two tons of payload, 800 kilograms more than its predecessor. This increased capacity, along with cost reductions and the ability to deploy satellites into various orbits, enhances Europe's competitiveness in space.", "The successful launch resolves a critical vulnerability in Europe's space program, following a previous launch failure in December 2022 due to a faulty engine component. The ESA's reliance on SpaceX for launches during this period underscored the urgency of restoring its independent capabilities. The Vega C's success signals a return to self-sufficiency in small satellite deployment, bolstering European space ambitions."

zeit.de

🌐 65% Global Worthiness

Dec 5, 21:05

Airbus Cuts 2,043 Defense and Space Jobs

Airbus reduced its planned job cuts in the defense and space division to 2,043 by mid-2026, affecting 689 jobs in Germany and 1,354 in the UK, France, and Spain, with no compulsory redundancies; the restructuring aims to improve competitiveness in a changing satellite market.

Airbus Cuts 2,043 Defense and Space Jobs

Airbus reduced its planned job cuts in the defense and space division to 2,043 by mid-2026, affecting 689 jobs in Germany and 1,354 in the UK, France, and Spain, with no compulsory redundancies; the restructuring aims to improve competitiveness in a changing satellite market.

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What is the overall impact of Airbus' job reduction plan on its European workforce and which countries are most affected?

Airbus announced a smaller-than-expected job reduction of 2,043 positions in its defense and space division by mid-2026, affecting 689 jobs in Germany and 1,354 across the UK, France, and Spain. No compulsory redundancies are planned. The cuts primarily impact administrative and spaceflight sectors.

forbes.com

🌐 90% Global Worthiness

Dec 4, 01:06

SpaceX Valuation Soars to $350 Billion

SpaceX, a private space exploration company, may reach a $350 billion valuation due to its Starlink satellite internet service growth to nearly 5 million users and its launch business completing about 130 launches in 2024.

SpaceX Valuation Soars to $350 Billion

SpaceX, a private space exploration company, may reach a $350 billion valuation due to its Starlink satellite internet service growth to nearly 5 million users and its launch business completing about 130 launches in 2024.

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How does SpaceX's vertical integration strategy contribute to its competitive advantage in the space industry?

SpaceX's success stems from vertical integration, controlling its supply chain from rocket production to satellite operation. This, coupled with Starlink's 5 million subscribers and 130 projected launches in 2024, positions SpaceX to dominate the expanding $1.8 trillion space economy by 2035.

Showing 13 to 24 of 25 results