Industry news

Space mining market expected to reach US$2.84bn by 2023

Space mining market expected to reach US$2.84bn by 2023

A new report forecasts that the global space mining market will grow from $0.65bn in 2018 to $2.4bn by 2023, representing a compound annual growth rate (CAGR) of 23.6%. Yet this is still an industry that is very much at the earliest stages of development: a Caltech study put the cost of an asteroid mining […]

By September 13, 2019 0 Comments Read More →
First Earth observation satellite featuring AI tech ready to launch

First Earth observation satellite featuring AI tech ready to launch

When the two CubeSats that make up the FSSCat mission launch, they will be the first to feature the ɸ-Sat artificial intelligence (AI) technology to demonstrate the potential of AI in space. During ɸ-week, ESA’s director of Earth observation programmes, Josef Aschbacher, said: “We see that there is huge interest in ɸ-Sat and thanks to […]

By September 12, 2019 0 Comments Read More →
Identifying natural resources from space

Identifying natural resources from space

The Mission and Agile Nanosatellite for Terrestrial Imagery Services (MANTIS) satellite could soon be helping energy and mining businesses identify new resources, after the demonstration project was awarded co-funding from industry and the UK Space Agency through its investment in the ESA’s InCubed programme. UK company Open Cosmos will provide the design, manufacturing, testing, launch […]

By September 11, 2019 0 Comments Read More →
QinetiQ awarded £67m Robust GNS contract

QinetiQ awarded £67m Robust GNS contract

QinetiQ has won a £67m contract with the Ministry of Defence (MOD) to develop multi-constellation satellite receivers under the UK Robust Global Navigation System (R-GNS) programme. The programme will deliver critical capability to provide UK Defence with accurate and resilient positioning, navigation and timing (PNT) which will underpin the UK’s ability to undertake 24/7 military […]

By September 10, 2019 0 Comments Read More →
Report casts doubt on Sutherland Space Hub construction due to rising costs

Report casts doubt on Sutherland Space Hub construction due to rising costs

A paragraph in a report from Audit Scotland, looking at various projects being undertaken by Highlands and Islands Enterprise (HIE) has raised doubts over whether there is sufficient funding available to develop the Sutherland Space Hub. HIE approved £17.3m to support the project for a vertical launch facility on the A’Mhoine peninsula in the north […]

By September 3, 2019 0 Comments Read More →
Governments are key customers while space ecosystem builds

Governments are key customers while space ecosystem builds

The space economy will require a self-sufficient ecosystem that includes capital, strategic partnerships and evolving business models. Here’s how it may develop in the coming years. Half a century ago, the Apollo 11 Moon landing demonstrated the reach of human imagination, engineering skill and Prome-thean audacity. The first human steps on extraterrestrial soil culminated decades […]

By September 1, 2019 0 Comments Read More →
Government commitment to embrace the new space age

Government commitment to embrace the new space age

In his speech at Policy Exchange, science minister Chris Skidmore highlighted the Government’s commitment to the UK space industry, outlining the importance of the sector to the broader UK economy. He also added detail to a number of Government propositions – including the National Space Council and the National Space Framework, and spoke on the […]

Innovation grant for balloon launch evaluation at Shetland

Innovation grant for balloon launch evaluation at Shetland

While Sutherland Space Hub and Spaceport Cornwall have both been approved as sites for UK space launch operations, and Prestwyck has been making a strong argument as a further horizontal launch location, Shetland has been quietly building its own case a launch site. Now a project to evaluate the suitability of Shetland as a location […]

UK Space Agency details plans for leadership in new space age

UK Space Agency details plans for leadership in new space age

The UK Space Agency has published its accounts for the year ending 31 March 2019, and has detailed its plan for 2019-20, highlighting an ambition to support the UK to be a leader in the new space age. As a world leader in key space domains, the Agency says it is well placed to take […]