Market News
Recent Developments
New product launches
- In December 2022, the Indian Space Research Organisation (ISRO), the space agency of India, entered into a memorandum of understanding (MoU) with Vyom Space Exploration and Services Private Limited, India-based private space company, for its "human and cargo transportation capsule program," as announced by the primary space agency on Tuesday. The collaboration was orchestrated through India's principal space regulatory entity, the Indian National Space Promotion and Authorization Center (In-Space).
- In July 2022, SpaceX is an American spacecraft manufacturer, launch service provider, defense contractor and satellite communications, launched its Crew Dragon capsule on the Crew-5 mission to the International Space Station. The reusable capsule transported four astronauts into orbit aboard a Falcon 9 rocket.
- In May 2022, Boeing is a multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide, launched its CST-100 Starliner capsule on an uncrewed Orbital Test Flight-2 to the ISS. Although it did not dock with the ISS, the test demonstrated its capabilities.
Acquisition and partnerships
- In November 2023, India's space organization is considering partnerships with Boeing Co., Jeff Bezos's Blue Origin LLC is an American aerospace manufacturer, defense contractor, launch service provider and space technologies, and Voyager Space Holdings Inc. develops alternative solutions to support the growth needs of commercial space companies, with an official visit from the NASA chief underscoring the increasing collaboration between the United States and India in the realm of outer space.
- In October 2023, Varda is a privately held American space research company, entered into a partnership with Southern Launch, a spaceport operator located in Adelaide, Australia. As part of this collaboration, Varda's spacecraft will touch down at the Koonibba Test Range situated northwest of Adelaide. This expansive facility, spanning over 23,000 square kilometers, is specifically designed to accommodate suborbital launches and spacecraft touchdown operations.
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