Hello and welcome back to Max Q! Thanks for everyone who came to TC Sessions: Space in Los Angeles on December 6. I even had the pleasure of meeting a few Max Q readers — fair to say, one of the highlights of the event.
In this issue:
The dual-use nature of broadband satellite services came into sharp relief during the Russia-Ukraine war, with Ukranian forces partly relying on SpaceX’s Starlink for their communications. It seems that SpaceX has decided to lean into that, with the launch of Starshield, a new business line that will provide “government entities” with secure comms and other services.
The brand, which may be a subsidiary, is now sitting alongside Dragon, Starlink and Starship on SpaceX’s website, which may reflect its importance. But much about Starshield is still unknown, and the company’s providing scant details so far. We’ll keep our ears to the ground about what the business vertical entails in the coming weeks.
Space is packed with human-made objects, and will likely only get more crowded with the continued growth of the space industry. Spacecraft operators have surprisingly little real-time data about where things actually are in orbit, especially in relation to each other.
Enter Slingshot Aerospace. The company is building a real-time “digital space twin” so that operators can keep their assets safe and secure while in orbit. Investors are certainly paying attention. The company has closed $40.85 million in Series A-2 funding, led by Sway Ventures and with participation from C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners and Draper Associates. Slingshot also received a venture loan for an undisclosed amount from venture lending firm Horizon Technology Finance.
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Source @TechCrunch
