space industry

Paris space summit closes with €20B in deals, Iris² contracts

The first International Space Summit concluded at the Grand Palais in Paris on Thursday, September 10, with France and the European Union throwing their weight behind Iris², the bloc's flagship satellite communications constellation. The two-day event, which drew 90 countries…

UAE-led consortium unveils $1B AI satellite fleet at Paris summit

A consortium led by UAE-based Marlan Space and US-French startup Loft Orbital announced a $1 billion investment on Wednesday to expand an AI-powered satellite constellation from 10 to 50 spacecraft, in one of the largest commercial Earth observation deals of…

Space startups raise $7.5B in Q2 as SpaceX IPO draws new investors

Global investment in space startups remained near record levels in the second quarter of 2026, as enthusiasm surrounding SpaceX's historic initial public offering attracted a wave of new capital into the sector, according to a report released Wednesday by Seraphim…