Australian rocket startup Gilmour Space raises $145 million in investment capital

Eris rocket launch and failure
Gilmour’s Eris rocket falling sideways from launchpad
(indicated by red dot) in July 2025. Click for much better
video.

The Australian rocket startup Gilmour Space, whose one orbital test launch in 2025 failed, has now raised an additional A$217 million ($145 million American) in investment capital, in addition to the A$142 million it had previously raised.

The Series E round was jointly led by the National Reconstruction Fund Corporation (NRFC) and Hostplus, with participation from Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main Sequence, QIC, and Brighter Super.

…Proceeds from the raise will be used to support continued development and qualification of its Eris orbital launch vehicle, scale rocket and satellite manufacturing, expand test and launch infrastructure, and grow the company’s workforce to meet global demand for space launch services.

The National Reconstruction Fund Corporation is a government agency with a A$15 billion budget tasked to help finance new industries. It contributed A$75 million in this fund raising round.

The other major contributor was Hostplus, which matched that contribution.

Though the company has said it will attempt a second orbital test launch in 2026, no dates have been announced.

New spaceport proposed in India independent of its space agency ISRO

The existing and proposed spaceports in India
The existing and proposed spaceports in India

According to the chief minister of the Andhra Pradesh province of India, his government is presently in discussions with the private Indian energy company Greenko Group about establishing a partnership to build a commercial spaceport at Hope Island off the coast near the city of Kakinada.

Addressing the gathering of foreign investors in renewable energies and officials of the State government after performing ‘bhumi puja’ [ground-breaking] for the Green Hydrogen and Green Ammonia Production Complex in Kakinada, Mr. Naidu said, “Soon, we (Andhra Pradesh) will launch satellites from the Hope Island. It will come soon, and Kakinada will have a lot of advantages in the field of technology and innovation.”

“The Greenko Group is evincing interest in being a part of the State government’s Space City project that includes developing satellite launching facility. In a recent interaction, Greenko Founder and Group CEO Anil Kumar Chalamalsetty has shown interest in the Space City project on the Hope Island,” said Mr. Naidu.

The location has advantages over the Sriharikota spaceport, run by India’s space agency ISRO, which on polar orbital launches needs to use extra fuel to avoid flying over Sri Lanka to the south. This issue is one of the reasons ISRO is presently building that second spaceport to the south for its SSLV rocket.

If privately run, this new spaceport will have other advantages. It will possibly attract some of India’s new rocket startups, who will avoid some of the bureaucracy that accompanies any dealings with ISRO. ISRO launches always involve a gigantic number of government personnel, a cost these startups can’t afford. This new Hope Island spaceport might avoid these costs with low overhead and efficient operations.

Nothing is firm yet. From the statement above, it appears the negotiation is in a very preliminary stage, and might never bear fruit.

Hat tip BtB’s stringer Jay.

“A new empire has sprung into existence, and there is a new thing under the sun.”

The words I quote in the headline above were spoken during a sermon by Pastor Manasseh Cutler on August 24, 1788 at the just established settlement of Marietta, Ohio, founded only six months previously by a small group of New England pioneers, with the goal of beginning the settlement of the American west now available following the end of the war of independence against Great Britain.

The Pioneers by David McCullough

It may be emphatically said that a new empire has sprung into existence, and there is a new thing under the sun. By the Constitution now established in the United States, religious as well as civil liberty is secured.

Some serious Christians may possibly tremble for the Ark, and think the Christian religion in danger when divested of the patronage of civil power. They may fear inroads from licentiousness and infidelity, on the one hand, and from sectaries and party divisions on the other.

But we can dismiss our fears, when we consider the truth can never be a real hazard, where there is a sufficiency of light and knowledge, and full liberty to vindicate it.

Cutler’s words come from David McCullough’s 2019 history, The Pioneers, describing the effort of Cutler and a small group of New Englanders to re-create a new New England in the wilderness north of the Ohio river.

Not surprisingly, McCullough’s book is quite readable, as are all his works. What made it a revelation to me is that it revealed an aspect of this early American settlement of the west that I had been ignorant of. It wasn’t just any old Americans moving west to found new communities. At the beginning it was specifically the descendants of the Pilgrims and Puritans in New England, actually organizing consciously to repeat the same thing as their ancestors, sending a group of God-fearing religious families west to build a new city on a hill, for the future of America and for their children.

Cutler himself had been crucial in lobbying Congress to establish the laws necessary to allow these first first settlers to buy land and begin settlement. He and a group of former revolutionary soldiers from New England had worked up a plan, and sent Cutler to New York and Philadelphia to convince Congress to pass the Northwest Ordinance of 1787, establishing the legal framework for settling the vast territories now open to American north and west of the Ohio river. Cutler himself wrote much of that bill, making sure it included articles requiring freedom of religion and no slavery.

In the early spring of 1788 the first group of twenty-two settlers arrived, and within a very short time they had established a town and community. By the time Cutler arrived in the late summer, the colony was so well established that families were arriving to build their own farms.
» Read more

Japanese rocket startup Interstellar raises another $129.7 million in private investment capital

The Japanese rocket startup Interstellar announced late last week that it has successfully raised another $129.7 million in private investment capital, bringing its total available cash to $287.7 million.

Interstellar’s Series F round represents one of the largest fundraising to date by a privately held space startup in Japan2, bringing Interstellar’s cumulative funding to 44.6 billion JPY (287.7 million USD). The round, led by Woven by Toyota, raised 14.8 billion JPY (95.5 million USD) through a third-party allotment of preferred shares in an up-round.

In addition, the company secured 5.3 billion JPY (34.2 million USD) in debt financing from financial institutions, including 1.8 billion JPY (11.6 million USD) in loan facilities with stock acquisition rights provided by the Japan Finance Corporation. Alongside the fundraising, secondary transactions with existing shareholders were also conducted to optimize the company’s capital structure. Nomura Securities provided advisory support in this series, including the introduction of several potential investors, some of which resulted in fundraising.

Interstellar was one of the earliest rocket startups, first attempting a suborbital launch in 2018. After that launch failed it then disappeared for almost five years to suddenly reappear last year with major funding from Toyota and other sources.

It had previously hoped to complete the first launch of its Zero orbital rocket in 2025. At the moment however the company has set no new launch date, though it has announced that it has seven customer payloads for that launch.

Startup focused on mining helium-3 on the Moon teams up with JPL for private rover mission

Artist rendering of Black Moon's Fusion-1 rover
Artist rendering of Black Moon’s Fusion-1 rover

The helium-3 lunar mining startup Black Moon Energy (BMEC) has now signed a partnership deal with JPL to build and send a private rover to the Moon, dubbed Fusion-1, to search for helium-3.

BMEC will lead mission management, resource-assessment strategy, and large-scale operations planning. As global leaders in robotic space exploration, the Jet Propulsion Laboratory (JPL) and Caltech, which manages JPL, have been engaged to oversee the mission’s robotic systems, scientific instrumentation, data acquisition, and mission operations.

…BMEC’s initial year-long lunar expedition will provide the first decision-quality dataset for Helium-3 production operations. Information from the mission will support potential applications in fusion power generation, national security systems, quantum computing, radiation detection, medical imaging, and cryogenic technologies. Insights from the mission will guide BMEC’s long-term strategy for establishing a sustainable cost-effective Helium-3 supply chain from the lunar surface.

A review of Black Moon’s website as well as a search on the web reveals no information about the company’s available capital, so this proposed private mission could be real, or it could be pie-in-the-sky.

Its existence at all however proves the impact that lower launch costs is having. Proposing a private mission such as this before SpaceX would have been met with outright laughter. Now it draws serious interest. It is wholly conceivable to build a low-cost small robotic rover and find affordable launch providers and lunar lander companies that can get it to the Moon.

Japan’s government gives Ispace a $125 million contract to build a high-precision lunar lander

Is this the first sign that Japan's space agency JAXA is becoming irrelevant?
Is Japan’s failed space agency JAXA finally
starting to become irrelevant?

The Japanese lunar lander startup Ispace last week announced it has won a $125 million contract to build a high-precision lunar lander targeting a 2029 launch in the Moon’s “polar regions”.

Ispace, inc, a global lunar exploration company, announced that the company was selected to implement its proposal for “High Precision Landing Technology in the Lunar Polar Regions” project under the second phase of Japan’s Space Strategy Fund. The technology will be implemented in ispace’s Mission 6, with development now underway.

The funding amount is subject to change based on stage gate reviews and other factors, so full receipt is not guaranteed at this time.

The mission will also include a lunar orbiter that will act as a relay communication satellite that will also remain in orbit after the mission to provide communications for future missions, not only for polar missions but for missions to the Moon’s far side.

Ispace plans to use some of the technology it is developing for its 2nd generation lunar lander, scheduled to fly in ’28.

This contract is significant because it appears to leave ownership of the project entirely in Ispace’s hands, with Japan’s space agency JAXA having little design or management control. It also appears to use the funds from country’s ten-year $6.6 billion fund as intended. That fund was established in 2023 to support new space startups under the capitalism model, whereby the companies provide the product and government and JAXA are merely the customer.

Up until now it appeared this fund was accomplishing little. In fact, there have been indications that JAXA was trying to repurpose the fund for its own benefit, using it to hire a lot more staff while maintaining control and ownership of any project, rather than let the private sector own its own work.

Since JAXA has increasingly done a very bad job promoting Japan’s space exploration industry, those indications were a very bad sign for Japan’s future in space.

This deal appears however to use that strategic fund properly, even if JAXA might still be skimming a large percentage of the fund off the top. This is not unlike what NASA has been doing. Bureaucrats must be bureaucrats, and all government agencies must be eternal and immortal, no matter what.

Like NASA, however, the success of Ispace and rest of Japan’s private space sector from projects financed by this fund will eventually allow that private sector to make those bureaucrats and JAXA irrelevant. It is happening now in the U.S. It now appears there is a chance it will happen in Japan as well.

Hat tip to BtB’s stringer Jay.

French rocket startup MaiaSpace wins ten-launch contract from Eutelsat

The French rocket startup MaiaSpace, which has not yet launched anything, has won a ten-launch contract from Eutelsat to place an unspecified number of its next generation OneWeb satellites into orbit.

Eutelsat has ordered around ten launches from MaiaSpace to launch some of the 440 new OneWeb satellites. These launches are scheduled from late 2027 to 2029. MaiaSpace has thus secured 50% of the launches planned for this period.

MaiaSpace is a wholly owned subsidiary of ArianeGroup, the company that builds Arianespace’s Ariane-6 rocket. ArianeGroup created it when it realized the expendable Ariane-6 rocket was not going to do well competing with the new reusable rockets. MaiaSpace’s Maia rocket will launch from French Guiana, and is being designed to eventually be reusable.

What makes this deal puzzling is that MaiaSpace is far behind at least thee other rocket startups in Europe, Germany’s Isar Aerospace and Rocket Factory Augsburg, and Spain’s PLD, all of which are much closer to an orbital launch. I suspect ArianeGroup used its clout to win the contract.

Lockheed Martin and General Electric complete tests of a rotating-detonation engine

Lockheed Martin and General Electric announced this week that they have successfully tested a rotating-detonation engine using complimentary technology developed by each company.

GE Aerospace and Lockheed Martin completed a series of engine tests demonstrating the viability of a liquid-fueled rotating detonation ramjet for use in hypersonic missiles, the first initiative between the companies under a broader joint technology development arrangement.

This fuel-efficient rotating detonation ramjet promises to fly missiles faster—including at hypersonic speeds—and farther while decreasing costs compared to other ramjet options. … The rotating detonation ramjet combusts fuel and air through detonation waves instead of the traditional combustion methods used in ramjet engines today. This propulsion system generates high thrust for super- and hypersonic speeds to engage high-value, time-sensitive targets, with a smaller engine size and weight that boosts range.

In October Lockheed Martin’s venture capital division announced it was investing in a startup, Venus Aerospace, that was developing its own rotating detonation engines. One now wonders, based on today’s story, if that investment might have been a purchase of the technology itself.

Either way, the Pentagon’s program to develop hypersonic missile capability has blossomed in the past two years, since it stopped trying to build the technology itself and has instead been hiring private aerospace companies to do the research for it. Ain’t capitalism wonderful?

Indian startup raises seed money to build robotic satellite servicing “jetpacks”

An Indian startup, Aule Space, has now raised $2 million in seed money to begin development of a robot servicing spacecraft it intends to call “jetpacks”, designed to attach to satellites and provide them fuel and power.

The seed funding will allow Aule Space to being work on a demonstration mission planned for launch next year to test its docking capabilities. That will involve two satellites, each weighing about 30 kilograms, but Panchal said one option is to instead use an orbital transfer vehicle as the client for the docking demonstration.

The 11-person company, which plans to grow to 20 people by the end of the quarter, is working on ground tests of its rendezvous and docking technology. It has access to facilities used by the Indian space agency ISRO for testing SPADEX, a docking demonstration mission flown a year ago.

This “jetpack” concept is very similar to Northrop Grumman’s Mission Extension Vehicles (MEV), several of which have already flown and extended the life of several satellites.

Aule is exactly the type of Indian satellite startup that India’s rocket startups, Agnikul and Skyroot, are being built to serve. The problem is that all of these startups, both satellite and rocket, are literally all startups. None has flown. India’s private space sector won’t really take off until its private rocket companies get off the ground, as its government space agency, ISRO, has done a very poor job launching its PSLV and SSLV rockets (both designed for smallsats). The PSLV has failed on its last two launches, and the SSLV has been in limbo now for years.

Endeavour undocks from ISS, carrying the Expedition-11 crew

SpaceX’s Endeavour Dragon capsule undocked from ISS late this afternoon, carrying its four Expedition-11 crew who are coming home a few weeks early because of a medical issue with one crew person.

Live return coverage will resume at 2:15 a.m. Thursday, Jan. 15 on NASA+, Amazon Prime, and the agency’s YouTube channel until Dragon splashes down at approximately 3:41 a.m. off the coast of California and crew members are safely recovered.

It has been speculated by several sources, based on several NASA updates, that the crewman with the medical issues is Mike Finke, 58, who had flown in space three times previously.

Note that the only reason most major news sources are covering this crew return is because of the medical emergency. Normally, SpaceX has made this process so routine few pay attention any longer.

Axiom has delayed the launch of its first space station module to ’28

Axiom's module assembly sequence
Axiom’s module assembly sequence

When Axiom announced in September 2025 that Redwire would be building the solar panels for the first module of its space station, dubbed the PPTM, it also said that module would launch in late 2027, which was a delay of one year from the original launch date of 2026.

That schedule has now apparently been delayed again. In an interview yesterday, the company’s vice president of human spaceflight, former NASA astronaut Peggy Whitson, indicated the launch was now targeting 2028.

Plans call for the initial Axiom Station to be comprised of two modules, the PPTM — short for Payload Power Thermal Module — and a habitat module. The PPTM, which is to be shipped shortly to Houston for final assembly and integration, is slated to be launched in early 2028, with the second module following just months later. From there, Axiom aims to swiftly begin welcoming crew, Peggy Whitson, the company’s vice president of human spaceflight, told me in an interview.

This schedule almost guarantees that the Axiom station will not detach from ISS as quickly as originally intended. PPTM has a large hatch opening connecting it to ISS, allowing for the easy transfer of much of the research racks held on ISS. Before Axiom can become a free-flying station that ISS equipment must be moved, a process that will take time, likely months. To get it done the company will probably have to also attach its second habitation module so that crews can arrive and begin this transfer process.

In other words, Axiom’s schedule margins for getting its station launched, docked to ISS, loaded with ISS equipment, and then separated before ISS retires in 2030 are shrinking. It can ill afford further delays.

Below are my rankings of the five American space stations presently under development. Note that I now consider Axiom and Starlab tied for second.
» Read more

A small European prototype re-entry capsule survived PSLV launch failure

A small prototype re-entry demonstration capsule, built by the Spanish startup Orbital Paradigm and dubbed the Kestrel Initial Demonstrator (KID), apparently survived for a short period the failure of the third stage of India’s PSLV rocket early this week.

According to an Orbital Paradigm press release, the survival of its little demonstrator came as a surprise. “When we understood that the launch was non-nominal it was a bit of a hit for us,” explained Orbital Paradigm CEO Francesco Cacciatore. … “I think the launch livestream was still ongoing when the team saw that we had 190 seconds of flight data transmitted and received. We needed a few minutes to realize it was real data and not a glitch.”

…“KID was tested beyond its design envelope, and it worked. Separation, power-on, and data transmission, even after reentry, all performed well despite degraded conditions,” explained the company in a 13 January update. “Based on initial analysis, it seems that we achieved 4 out of 5 launch milestones, albeit through an off-nominal profile. The failure to deliver customers’ data prevents us from declaring the mission a success.”

The company considers the mission a failure because it did not get the re-entry data back that it really needed. It says however it is moving forward on a more advanced demonstrator it hopes to launch in 2027. I suspect it will not hire India’s space agency ISRO to launch it.

Mitsubishi buys space on proposed Starlab space station

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The Japanese company Mitsubishi has now signed an agreement with the consortium building the large single module Starlab space station that will launch on Starship, reserving part of that station for the company’s own use while also increasing its financial investment in the project.

Starlab Space LLC today announced that Mitsubishi Corporation has reserved and pre-purchased capacity on Starlab’s commercial space station, becoming a foundational customer while simultaneously increasing their investment in the company and joining Starlab’s Board of Directors through representative Issei Shinohara.

The expanded partnership includes acquisition of usage rights for designated payload volume and utilization of on orbit laboratory facilities on Starlab, positioning Mitsubishi to accelerate space-based research opportunities for Japanese institutions. This customer commitment is accompanied by an expanded equity partnership that brings additional investment to support Starlab’s development.

Mitsubishi had in April 2024 already joined the Starlab partnership, though almost no details were announced at that time. Today’s announcement provides those details. It also appears Mitsubishi is bypassing Japan’s space agency JAXA, which in the past always ran such international projects. Instead Mitsubishi will directly “support Japanese space development objectives while contributing to advancements in areas such as life sciences research, advanced materials development, and next-generation manufacturing technologies.” In other words, it is telling JAXA to jump in the lake. It can do this better without that government third party, which by the way has not been very effective in recent years.

This deal continues Starlab’s aggressive momentum in recent months. Though Axiom is still listed above it in my rankings below of all the American space stations under development, I now consider the two essentially tied for second.
» Read more

SpaceX launches another 29 Starlink satellites

SpaceX today completed its fifth launch in 2026, placing 29 Starlink satellites into orbit, its Falcon 9 rocket lifting off from Cape Canaveral in Florida.

The first stage competed its 25th flight, landing on a drone ship in the Atlantic.

At this moment the entire 2026 launch race is SpaceX, and SpaceX only. The only other entity to attempt a launch so far in 2026 has been India’s space agency ISRO, and that launch was a failure last night.

Space station Starlab gets major new investor

Starlab design in 2025
The Starlab design in 2025. Click
for original image.

The consortium led by Voyager Technologies that is building the Starlab space station announced last week that it has obtained a major new investor with more than a billion dollars in assets.

The investor, Seven Grand Managers, is based in New York. The announcement did not specify how much the firm had committed to the Starlab project, but it was clear from this statement that involved significant funds.

Starlab is being built to be commercially viable from Day One,” said Chris Fahy, founder and chief investment officer, Seven Grand. “Our investment recognizes that commercial infrastructure in the post-ISS era is not speculative, but tangible, bankable and poised for growth. Starlab’s world-class management team and strategic partners are unlocking the beginning of this enormous opportunity.” [emphasis ine]

The highlighted quote suggest Seven Grand was impressed with the Starlab concept, a single very large ready-to-go station launched on Starship. Most of the other stations will involve assembly of multiple modules on multiple launches before they are “ready-to-go.” The only other station launching as a single module, Max Space’s Thunderbird, has only recently entered the race, and is thus far behind.

Starlab had previously raised $383 million in a public stock offering, in addition to the $217.5 million provided by NASA. This new private investment capital further strengthens its future, and suggests the station could get built and launched, even if it fails to win a major station construction contract from NASA.

Below are my rankings of the five American space station projects:
» Read more

SpaceX launches NASA’s Pandora exoplanet space telescope

SpaceX today successfully launched a new NASA space telescope, Pandora, its Falcon 9 rocket lifting off from Vandenberg in California.

Pandora is a smallsat focused on studying 20 stars known to have transiting exoplanets. It will look at each repeatedly to draw as much information about the star and the exoplanet as possible. Also deployed were two other NASA smaller astronomy cubesats.

The Falcon 9 first stage completed its 5th flight, landing back at Vandenberg. The two fairing halves completed their first and seventh flights respectively.

At this moment, SpaceX is the only entity to have launched in 2026. This was its fourth launch.

Space Force awards nine launch contracts to SpaceX

In announcing its next round of satellite launch awards, the Space Force’s Space Systems Command (SSC) has awarded all nine launches (valued at $739 millon total) to SpaceX, bypassing both Blue Origin and ULA.

SSC awarded the [three] SDA-2 missions to SpaceX for launches projected to begin in [the fourth quarter of fiscal year ’26], and awarded the [two] SDA-3 missions to SpaceX for launches to begin in [the third quarter of fiscal year ’27]. SSC also awarded the [four] NTO-5 launches to SpaceX projected to occur in [the first quarter of fiscal year ’27 and the second quarter of fiscal year ’28]. The total value of these awards is $739M.

It is surprising that SpaceX got all nine contracts. Even though SpaceX charges less than ULA, and Blue Origin’s New Glenn rocket is not yet certified by the Pentagon for operational launches, it has been military policy in recent years to distribute this work to more than one launch provider so as to guarantee a redundancy. ULA exists today for expressly that reason. In the past it would have certainly gotten at least one of these launches.

As for Blue Origin, the Space Force could have awarded it at least one of the later launches in ’27 and ’28, contingent on getting New Glenn certified.

That the Space Force bypassed both companies entirely speaks volumes. It appears it has decided to simply go with the best product now available, and to heck with redundancy.

French rocket startup MaiaSpace announces its launch schedule

The French rocket startup MaiaSpace is now planning to launch a suborbital test rocket in 2026 to be followed by its first orbital flight in 2027.

As the company works toward the commencement of commercial operations in 2027, it is planning to launch an initial suborbital demonstration flight in late 2026 to validate key elements of the Maia launch system. The rocket will be launched in its full two-stage configuration and will carry a reduced propellant load, with MaiaSpace aiming for a minimum altitude of 100 kilometres. … “For what concerns our first flight, we will deploy a minimum viable product designed to test critical phases (lift-off, stages separation, engine ignition of the second stage, …) and to validate the key features required for our first orbital flight.”

Maiaspace is a wholly owned subsidiary of ArianeGroup, the Airbus-Safran partnership that builds the Ariane-6 rocket for Arianespace. Its goal with Maiaspace is to quickly develop a small reusable rocket that can compete with the other new European startups in Germany (Isar and Rocket Factory Augsburg) and Spain (PLD).

FCC approves SpaceX request to expand Starlink by 7,500 satellites

The Federal Communications Commission (FCC) yesterday approved SpaceX’s request to both expand its Starlink constellation by 7,500 satellites as well as use additional bands of spectrum.

The Federal Communications Commission on Friday approved SpaceX’s request to launch an additional 7,500 of its Starlink Gen2 satellites, bringing the total allowed Gen2 constellation to 15,000. The agency also granted the company’s request to operate in additional spectrum bands and to operate at higher power in other bands between 10.7-30 GigaHertz (GHz), pending the completion of an existing FCC rulemaking where the question is being considered.

…The order also allows SpaceX satellites to use lower orbits, down to 340 kilometers, and provide direct-to-cell service. The company is seeking approval for a separate 15,000-satellite constellation that would provide upgraded direct-to-cell service using spectrum it’s purchasing from EchoStar.

The article notes that under the Trump administration has also revamped the FCC’s grant program, that under Biden canceled an $886 million grant, claiming absurdly that Starlink did not provide service to rural areas. Under the new program “SpaceX is set to serve the most locations of any ISP under the $42.45 billion Broadband Equity, Access, and Deployment program after new Trump administration rules that made it easier for satellite providers to compete for funding.”

Not that SpaceX or any of the other constellations need this government grant. Trump would serve the country better to shut the program down.

South Korean rocket startup Innospace signs deal with Portugal’s Santa Maria spaceport

Santa Maria spaceport

The South Korean rocket startup Innospace, which just last month attempted its first launch out of Brazil, has now signed a deal to launch its rocket from Portugal’s proposed Santa Maria spaceport in the Azores, located about 900 miles west of the European mainland.

Through this agreement, INNOSPACE has secured priority and long-term access to the Malbusca Launch Center, located on Santa Maria Island in the Azores, Portugal, for a five-year period starting in 2026. The company plans to gradually establish key launch infrastructure required for initial operations, including launch pads, operations and control systems, and testing facilities, with the goal of conducting its first commercial launch in the fourth quarter of 2026.

Despite the launch failure last month, Innospace has been aggressive about obtaining agreements for launching its rockets from multiple locations. That first launch occurred at Brazil’s long unused Alcantera spaceport on its eastern coast, and the company will use it for its second launch attempt later this year. It has also signed agreements with two spaceports in Australia (Southern Launch and Equatorial Launch), though the latter spaceport is not yet operational and might never exist.

An excellent summary of Europe’s rocket companies, both established and startups

Link here. This list is a great summary of all the rocket companies in Europe, most of which are startups that haven’t yet launched. It also includes the two companies that are already established, ArianeGroup and Avio.

With each company the report provides a nice quick status overview. It ranks some lower than I (Rocket Factory Augsburg), but the analysis is based on all the same stories I’ve posted here on Behind the Black in the past year, plus a few extra details about companies I had not yet heard of.

Based on this review, it appears that at least three European startups are gearing up for a first launch in 2026. It would be surprising if all three succeed in getting off the ground, but the momentum is definitely building towards a lot of excitement in the next year or two.

Rocketdyne to reappear with sale by L3Harris of its civilian rocket engine division

The name Rocketdyne is about to rise from the ashes with the sale by L3Harris of its civilian rocket engine division to the private equity firm AE Industrial Partners.

The firm is selling a 60 percent stake, worth $845 million, and maintaining about a 40 percent share of the space propulsion business unit, which focuses on technologies related to NASA and civil space activities. For example, its products include nuclear power systems for future missions to the moon and Mars, and the RL10 engine that powers the upper stage for United Launch Alliance’s Vulcan heavy lifter.

That said, the RS-25 rocket engine business is excluded from the sale; the engine is the primary propulsion system on NASA’s Space Launch System being designed to send crews to the moon under the Artemis mission.

When L3Harris purchased Aerojet-Rocketdyne in 2023, the names of these two companies from the very beginnings of the space age vanished. It now appears that AE is going to bring one back.

AE Industrial ― which previously has invested in commercial space companies including York Space Systems, Redwire and Firefly — said in an announcement today that the new entity will be named Rocketdyne “in recognition of its heritage and longstanding innovation within space propulsion technology.”

Aerojet-Rocketdyne had been in trouble for years prior to is purchase, and it remains uncertain whether the engine part of this new Rocketdyne company can compete. Its main business right now is building the engines used by the SLS rocket, which in the long run has a limited future.

A UK law professor and news outlet prove the UK is not the place to launch rockets

Proposed or active spaceports in North Europe
Proposed or active spaceports in North Europe

If I had any remaining hopes that the United Kingdom might finally begin to reform its Byzantine space regulations that bankrupted one rocket company and has blocked any launches from its proposed spaceports for almost a decade — allowing other spaceports in Europe to attract rocket companies and leap ahead — those hopes vanished in reading an article in the Shetland Times today, in which a professor specializing in UK space law described its red tape as “very good,” drawing “on best practice from other industries and jurisdictions.”

Alexander Simmonds of the University of Dundee says a balance should be struck to avoid launch operators being put off by strict regulatory requirements. The lecturer in space law and writer behind The Space Legislation of the United Kingdom says UK regulation of the space industry is “very good” and draws on best practice from other industries and jurisdictions.

Licences are in place for SaxaVord to host the first vertical satelite launch in 2026, and Dr Simmonds says operators have taken responsibilities “very seriously”. But he fears future operators could look elsewhere if compliance becomes too much of a problem and more cost-effective alternatives are available.

“My own view is we’re in a very good place at the moment, as regards to regulation,” Dr Simmonds told The Shetland Times. “I think that the legilsators have been cautious with this and have been very entitled to be, given the nature of what we are dealing with.”

Both this so-called expert and the journalist interviewing him appear entirely ignorant about the history of past decade. While red tape in the UK has blocked or seriously delayed launches, rocket startups have “looked elsewhere,” signing deals and launching from Norway’s long established Andoya spaceport that has now gone commercial with enthusiastic government support. At the same time, new spaceport projects have begun at three other locations, all of which appear to also have support from their local governments in Sweden and Germany. While the UK government has choked off business, the governments at these other spaceports have moved aggressively to ease regulation.

The cluelessness of both Simmonds and the Shetland Times reporter indicates there is absolutely no urgency in the UK to fix things, and in fact it appears they aren’t even aware their emperor is wearing no clothes.

The space station race: Startup Max Space to establish factory at Kennedy in Florida

Thunderbird, with cut-out showing interior and person for scale
Max Space’s proposed Thunderbird station, with cut-out showing
interior and person for scale. Click for original images.

The space station startup Max Space has apparently decided to establish its manufacturing facility at the Kennedy Space Center in Florida, and expects to hire its first 30 to 50 employees there this year.

Currently working with Space Florida, Max Space is moving toward setting up operation in Exploration Park on Space Commerce Way, and has already begun hiring. While the company already has a address in Exploration Park, they are seeking to set up in an existing 20,000 to 30,000 square-foot manufacturing facility. This is where the large space habitat modules will be manufactured.

While Space Florida confirmed Max Space’s intentions to move into the area, no further details were provided. Max Space said they expect to bring 30 to 50 new hires onboard within the first half of 2026.

The company had previously positioned itself as the builder of modules that any one of the four other commercial private space stations could buy and add to their stations. It now appears it has decided to enter the competition as its own station, proposing Thunderbird as its bid. It is gearing up to fly a smaller demonstration mission in ’27 to prove its inflatable design that is based on the same technology used by the modules built by the now-defunct company Bigelow.

With this in mind, I have now added Max Space to my rankings of the commercial stations under construction, and have placed it ahead of Blue Origin’s Orbital Reef station, based on my impression of where both projects presently stand. Essentially, they are tied for last place, but I put Max Space ahead because it seems to have positive momentum, while the partnership of Blue Origin and Sierra Space appears to be faltering.
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Innospace releases preliminary results of launch failure

The South Korean rocket startup Innospace last week released its first preliminary results of its investigation into the December 22, 2025 failure during the first orbital launch attempt of its Hanbit-Nano rocket.

Based on video footage and preliminary data available to date, the vehicle achieved approximately 30 seconds of nominal ascent. During its passage through cloud layers, communication between the vehicle and ground systems was lost. Subsequently, the vehicle sustained structural damage of an undetermined cause, leading to separation into multiple sections and indications of first-stage engine thrust termination. As a result, the vehicle lost propulsion and attitude control and entered free fall, separating into the first stage, second stage, and smaller debris fragments.

As the calculated Instant Impact Point (IIP) remained within the launch site’s designated safety perimeter, and to prevent debris dispersion and residual hazards, the Flight Termination System (FTS) was activated in accordance with procedures pre-coordinated with Brazilian safety authorities. The launch vehicle was detonated at the point of ground impact, resulting in early mission termination.

In plain language, the rocket broke up about 30 seconds after lift-off, and as its pieces hit the ground engineers activated the self-destruct software.

The company says it hopes to try again in ’26, launching once again from Brazil’s Alcantera spaceport. I suspect it will take longer than that to pin down the cause of the rocket’s “structural damage” and fix it. The data so far suggests a fundamental flaw that require a major redesign.

Review of SpaceX’s 2026 Superheavy/Starship test flights

Link here. The article begins by reviewing the work SpaceX is doing at both Boca Chica in Texas and Cape Canaveral in Florida. In the end, the company is aiming to have two Starship launchpads at Boca Chica and three launchpads in Florida, with both locations have extensive manufacturing facilities capable of building ships and boosters almost continually.

It then provides a nice review of all five Superheavy/Starship test flights that took place in 2025, a review that makes it very clear how much was accomplished, and indicates the possibilities for ’26. If SpaceX could manage almost one flight every two and a half months last year, despite two test stand explosions, the odds are excellent it will exceed that pace this year.

SpaceX launches 29 more Starlink satellites, plus a review of its Falcon 9 first stage fleet

The beat goes on: SpaceX tonight successfully launched another 29 Starlink satellites, its Falcon 9 rocket lifting off from Cape Canaveral in Florida.

This was SpaceX’s second launch in 2026. At this moment the company is the only one to have launched anything this year.

The rocket’s first stage was on its first flight, landing successfully on a drone ship in the Atlantic. As new boosters are now introduced so rarely, I decided to look back at how many new stages SpaceX has been introducing each year to get a sense of the size of its fleet. The rough chart below is based on the data on this Wikipedia page. It begins in 2018 because that is when SpaceX introduced the Block 5 version of the stage that it still uses, and says is designed to do as many as 40 flights.

New stages introduced each year:
—————————————–
2018: 6 (all now deactivated or expended)
2019: 7 (all now deactivated or expended)
2020: 4 (all now deactivated or expended)
2021: 3
2022: 7 (5 deactivated or expended)
2023: 9 (5 deactivated or expended)
2024: 9 (3 deactivated or expended)
2025: 8

According to that webpage, SpaceX has approximately 25 active stages in its fleet. The numbers above suggest the company has been increasing the size of its fleet steadily. In fact, since 2022 it appears the company has added 23 stages to the fleet. In 2025 it appears it added a new stage about every 20 launches.

This estimate is rough and is almost certainly not precisely accurate. For example, several stages listed as active have flown only once, or have not flown in awhile.

Nonetheless, this rough count helps explain how SpaceX can launch so frequently. It now has a robust fleet of Falcon 9 boosters to draw on, and it is growing that fleet to meet its needs. All it needs to do is make sure it can manufacture enough upper stages and satellites to fill its launch manifest.

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