The funding round was led by Visionaries Club and Creandum, with participation from Lombard Odier Investment Managers, Atlantic Labs, Sistafund, b2venture, ACE Investment Partners, Ilavaska Vuillermoz Capital, Pareto & Motier Ventures.

Pave had its start as a student project that built a reusable small hopper to test vertical take-off and landing. The company now joins about a dozen other orbital tug companies, offering a range of serves from moving satellites to removing space junk to doing satellite repair. Based on the amount of money that all of these companies are raising, both in the U.S. and Europe, it appears the investment community sees a strong demand for these services down the road, especially with the many gigantic constellations being proposed.

With this signing, these are the members of the American alliance: Angola, Argentina, Australia, Bahrain, Belgium, Brazil, Bulgaria, Canada, Columbia, Czech Republic, Ecuador, France, Germany, Greece, Iceland, India, Israel, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Nigeria, Poland, Romania, Rwanda, Saudi Arabia, Singapore, South Korea, Spain, Switzerland, the United Kingdom, the United Arab Emirates, the Ukraine, the United States and Uruguay.

The NASA press release is revealing about the goals of this alliance, under the Biden administration, both by what it says and what it does not say:

The Artemis Accords reinforce the 1967 Outer Space Treaty as well as the commitment by the United States and partner nations to the Registration Convention, the Rescue and Return Agreement, as well as best practices and norms of responsible behavior that NASA and its partners have supported, including the public release of scientific data.

When established by the Trump administration, the accords were not intended to “reinforce the 1967 Outer Space Treaty.” The accords were intended to create an alliance that would have the political clout to overcome that treaty’s limitations on establishing a private property legal framework in space. Right now the treaty seriously impairs investiment because no company has any assurance it will own any piece of ground it occupies.

The press announcement makes no mention of private enterprise, and implies that the Biden administration is aggressively working to eliminate that goal, and instead use the accords as a way to strengthen government control in space.

Under these circumstances, I wonder why China and Russia haven’t signed on as well.

If you take into account the two main tubes that comprise the Gotthard Base Tunnel and its various shafts, cross passages and access tunnels, it actually has 152 km (94 mi) of tunnels in total. It is also said to have virtually no gradients.

The initial idea for the tunnel was conceived 68 years ago, but the plans were redrawn on a number of occasions. Once construction finally commenced, there were 2,400 workers on site at peak times. Nine workers also lost their lives during the build.

The bridge, suspended 9,700ft in the air, will also have a partial glass floor to allow visitors a once in a lifetime view of the 6,500ft drop between the Glacier 3000 and Scex Rouge.

It is scheduled to open in November, and is being built in an effort to attract more tourists to the Swiss Alps.

The motor weighs only seven ounces, and could work on satellites as small as four inches cubed.

Up to now, it wasn’t possible to reduce the size of maneuverable satellites below a certain point because of the size of their large thruster engines. If it is now possible to provide nano satellites with thrusters, it will be possible to significantly reduce the cost, and more importantly, the payload weight, of satellites. And with a lower payload weight, it will be possible to create a market for smaller rockets, which are much easier to build and far cheaper.

This kind of news makes me more confident that the new commercial space industry truly has a future.