Weekly Recap #38

Here's everything that happened in the space industry for the week of June 7-13!

Jun 15, 2026

Main Topics

Google announced a multi-year contract worth $920M/mo to use 110,000 NVIDIA GPUs in SpaceX’s Colossus supercomputer. [source]
SpaceX announced the AI1 sat - a 150 kW bus with a 70 meter wide footprint for use in orbital data center infrastructure. [source]
Orbital raised $5M pre-seed for orbital data centers led by Andreessen Horowitz Speedrun targeting a 100kW compute payload and a 100,000 satellite constellation. [source]

The FCC announced their verdict to waive the 50% threshold requirements for Amazon LEO’s spectrum license by the end of July; the 100% requirement remains in place for July of 2029. [source]
The USSF announced that Rocket Lab and K2 Space were subselected by Viasat and SES as primary subsuppliers for the persistent and resilient communication milsatcom program. [source]
Satellite communication stalwart Avanti sold their Hylas-3 geostationary satellite - currently operating in orbit - to Sky Perfect JSAT, effectively divesting from 25% of their GEO portfolio. [source]
The Canadian Space Agency awarded $2.4M to MDA, Kepler, and Calian for ground station network capabilities as part of the upcoming RADARDSAT initiative through Canada’s Defense Industrial Strategy. [source]

ICEYE raised €1B split between a primary Series F of €450M and a secondary placement for the remainder at a valuation of over €10B led by General Atlantic. [source]
ICEYE and Rheinmetall Space Solutions’ joint venture announced a partnership with Constellr, Ororatech, Liveeo, and Reflex Aerospace, leveraging ICEYE’s bus platform and scale manufacturing to pair with the new wavelength payloads of their new partners. [source]
Airbus announced a partnership with Rohde & Schwartz, Constellr, Orbint, and High Performance Space Structure Systems to develop an intelligence surveillance and reconnaissance (ISR) platform. [source]
Thales and Airbus won an EU radar sat contract valued at €345M under the Copernicus Program for two C-band SAR sats in their Sentinel-1 NG constellation. [source]
ISAR Aerospace raised a €270M Series D to expand their global launch capacity and prepare their Spectrum vehicle. [source]
JAXA’s H3 launch vehicle successfully returned to flight and delivered Unseenlab’s BRO-22 to orbit. [source]

SpaceX conducted the largest IPO in history at a $135/share opening price raising a total of $75B for future development and growth in the orbital data center infrastructure sector.. [source]
Quantum Space, led by former NASA administrator Jim Bridenstein, announced a SPAC through Inflection Point Acquisition Corp at a $1.2B valuation. [source]

Applied Atomics raised a $4M preseed led by Oxford Science Enterprises to develop nuclear hybrid spacecraft. [source]
Neworbit raised an $18.5M Series A for their NEO VLEO satellite platform. [source]
Juno Propulsion closed a $1.4M pre-seed round led by SOSV Ventures to develop their rotating detonation combustion thruster for space mobility. [source]