ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round. The financing will further accelerate investment in the world’s largest constellation of synthetic aperture radar (SAR) satellites and expand the …
Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been realized with technological advancements. Satellite-based data can give the insurer a “head start” on the event, according to Stephen Lathrope …
SpaceX’s newest fleet of satellites is tumbling out of orbit after being struck by a solar storm. Up to 40 of the 49 small satellites launched last week have either reentered the atmosphere and burned up, or are on the …
Last week, the European Space Agency reached out to to warn Elon Musk’s Space Exploration Technologies Corp. that one of its satellites might collide with a SpaceX communications satellite. When ESA first raised such concerns in late August, the chances …
Last Saturday, the National Aeronautics and Space Administration launched the Ice, Cloud and Land Elevation Satellite-2, which will monitor Earth’s ice sheets, recording changes in ice thickness as small as half a centimeter. The satellite will allow us to see …
Space, the ‘final frontier’, is rapidly becoming an extra-terrestrial battleground for corporate espionage and other types of cyber attack as hackers seek to gain commercial advantage from rival networks operating in the $330-billion space economy. At the same time, a …
Ironshore International’s Pembroke Managing Agency Limited has begun offering insurance coverage for lenders engaged in the financing of satellite projects. The product provides insurance coverage for banks and export credit agencies against the risk of non-disclosure and misrepresentation by the …
A new partnership formed between Space Florida, the spaceport authority and aerospace development organization for the state, and insurance agency Assure Space is counting on new space insurance capabilities driving more jobs and investments in Florida’s space business. Richard Parker, …
The delicate threads that hold modern life together are dramatically cut by an unexpected threat from outer space, with disastrous effects. It’s the stuff of science fiction usually associated with tales of rogue asteroids on a collision course with earth. …
A study from Allianz Global Corporate & Specialty (AGCS) warns that “man-made space junk poses a serious threat to all space vehicles including those with humans on board.” The report goes on to explore possible ways to clean up space. …
