Latest news with #space technology
South China Morning Post
3 days ago
- Science
- South China Morning Post
China urged to boost space solar power technology efforts
China has been urged to speed up the development of solar power in space to gain a stronger footing in the new energy sector and the space race. Ge Changchun, an academician at the Chinese Academy of Sciences, called in an article for a top-down strategy to speed up efforts to develop the technology and narrow the gap with the United States in sectors such as materials and precision control. Space solar power facilities are designed to be built and operated in orbit, where they convert solar energy directly into electricity before transmitting the power to Earth via microwaves or lasers. Unlike ground-based solar plants, space stations are not affected by the weather or nightfall. Solar radiation in space is also far more intense than on Earth, making the technology a more efficient way of continuously generating power. China's research in this field relies primarily on efforts by universities and research institutions, but Ge wrote in an article for China Science Daily that they 'lack the capacity to support such a vast, complex systems project'. Compared with the United States, which conducted solar energy transmission experiments as early as the 1970s, China was relatively late in developing space solar power.
Yahoo
12-08-2025
- Business
- Yahoo
Venture capital firm Speciale Invest to back Indian startups with $69 million by 2029
(Reuters) -India's Speciale Invest will invest 6 billion rupees ($69 million) over the next four years in early-stage startups spanning across sectors including artificial intelligence and space technology, the venture capital company said on Tuesday. The investment into "deep-tech" - innovations that require significant scientific research breakthroughs - comes as Prime Minister Narendra Modi aims to make India a "self-reliant" manufacturing hub and amid shifting trade relations globally, spurred by U.S. President Donald Trump's tariff policy. Founded in 2017, Speciale Invest focusses on investing in companies that are at the "seed" and "pre-seed" level of fundraising. It has previously backed air taxi startup ePlane Company and space startup Agnikul Cosmos, which launched India's second privately-built rocket last year. As part of its third funding round, the venture capital company will invest in 18 to 20 companies through 2029, with initial ticket sizes between 70 million rupees and 100 million rupees, it said. More than half of the $69 million will be reserved for follow-on investments, with some of the targets hailing from climate technology and dual-use defence sectors, it added. ($1 = 87.6050 Indian rupees)
CNA
12-08-2025
- Business
- CNA
Venture capital firm Speciale Invest to back Indian startups with $69 million by 2029
India's Speciale Invest will invest 6 billion rupees ($69 million) over the next four years in early-stage startups spanning across sectors including artificial intelligence and space technology, the venture capital company said on Tuesday. The investment into "deep-tech" - innovations that require significant scientific research breakthroughs - comes as Prime Minister Narendra Modi aims to make India a "self-reliant" manufacturing hub and amid shifting trade relations globally, spurred by U.S. President Donald Trump's tariff policy. Founded in 2017, Speciale Invest focusses on investing in companies that are at the "seed" and "pre-seed" level of fundraising. It has previously backed air taxi startup ePlane Company and space startup Agnikul Cosmos, which launched India's second privately-built rocket last year. As part of its third funding round, the venture capital company will invest in 18 to 20 companies through 2029, with initial ticket sizes between 70 million rupees and 100 million rupees, it said. More than half of the $69 million will be reserved for follow-on investments, with some of the targets hailing from climate technology and dual-use defence sectors, it added.
Reuters
12-08-2025
- Business
- Reuters
Venture capital firm Speciale Invest to back Indian startups with $69 million by 2029
Aug 12 (Reuters) - India's Speciale Invest will invest 6 billion rupees ($69 million) over the next four years in early-stage startups spanning across sectors including artificial intelligence and space technology, the venture capital company said on Tuesday. The investment into "deep-tech" - innovations that require significant scientific research breakthroughs - comes as Prime Minister Narendra Modi aims to make India a "self-reliant" manufacturing hub and amid shifting trade relations globally, spurred by U.S. President Donald Trump's tariff policy. Founded in 2017, Speciale Invest focusses on investing in companies that are at the "seed" and "pre-seed" level of fundraising. It has previously backed air taxi startup ePlane Company and space startup Agnikul Cosmos, which launched India's second privately-built rocket last year. As part of its third funding round, the venture capital company will invest in 18 to 20 companies through 2029, with initial ticket sizes between 70 million rupees and 100 million rupees, it said. More than half of the $69 million will be reserved for follow-on investments, with some of the targets hailing from climate technology and dual-use defence sectors, it added. ($1 = 87.6050 Indian rupees)
Yahoo
11-08-2025
- Business
- Yahoo
Should You Buy the Post-IPO Dip in Firefly Aerospace Stock?
Firefly Aerospace (FLY) remains in focus on Monday morning after its blockbuster initial public offering (IPO) that raised about $868 million last week. Firefly priced its IPO at an upwardly revised $45 a share, but the stock opened at $70 in its Nasdaq debut on Thursday, fetching the space technology company a valuation of nearly $8.5 billion. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! FLY's debut marks one of the most successful public offerings in the aerospace industry this year, fueled by investor enthusiasm for next-gen space infrastructure and defense capabilities. Why Firefly Stock May Be a Smart Post-IPO Bet FLY shares may be worth buying following the standout IPO as investor appetite for tech offerings has returned in 2025, with names like CoreWeave (CRWV) retaining strength even months after their market debut. After its initial surge, Firefly stock has pulled back a little in recent sessions, creating a compelling entry point for those interested in owning it for the longer term. What's also worth mentioning is that FLY sits right at the heart of a high-demand niche – dedicated small-payload launches for national security, commercial clients, and hypersonic testing. With space exploration and defense spending on the rise, and IPOs regaining momentum, it's likely that Firefly stock's recent dip will prove a temporary breather before its next leg up. Fundamentals Warrant an Investment in FLY Shares Firefly shares are attractive to own at current levels also because the space technology company is growing at a fast clip. According to its IPO filing, the company based out of Cedar Park, Texas saw its top line grow over sixfold to nearly $56 million in its latest reported quarter. Moreover, FLY currently has a $1.1 billion backlog after signing a $177 million NASA contract and receiving $50 million investment from Northrop Grumman (NOC), which validate its technology and reinforce its credibility in lunar missions. Firefly Aerospace has already proven operational success with its Alpha rocket and Blue Ghost lander, and partnerships with defense giants like Lockheed Martin (LMT) and L3Harris (LHX) further add strategic depth. With no shortage of demand and a growing list of government and commercial clients, Firefly's fundamentals suggest FLY stock is more than just a speculative space play, it's more of a growth story in motion. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
