Redwire, a space infrastructure company, is aiming for continued growth and profitability by securing larger contracts for its components and advancing its satellite design capabilities. In its financial results for 2023, Redwire reported a revenue of $243.8 million, marking a significant 51.9% increase over the previous year. Even excluding the contribution from QinetiQ Space NV, a company acquired in late 2022, Redwire’s revenue still grew by 26.9%. The company also achieved positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $15.3 million, a notable improvement over the adjusted EBITDA loss of $11 million in 2022. While Redwire reported…
Author: William Lawson
The imminent reentry of the European Space Agency’s European Remote Sensing (ERS) 2 satellite serves as a stark reminder of the persistent hazards posed by existing space objects, even as agencies strive to curtail the proliferation of orbital debris. Expected to descend on February 21st after orbiting for nearly two decades, the European Remote Sensing (ERS) 2 satellite’s return underscores the challenges of space debris management. The European Space Agency (ESA) disclosed in its latest update on February 20th that the satellite is slated to reenter Earth’s atmosphere at 11:32 a.m. Eastern, with a margin of error of plus or…
Astroscale’s ADRAS-J spacecraft, launched aboard a Rocket Lab Electron from New Zealand’s Launch Complex 1, aims to rendezvous with and inspect a spent upper stage in low Earth orbit, setting the stage for its eventual removal. This mission marks Rocket Lab’s second launch of the year, following the deployment of four satellites for NorthStar Earth and Space. The 150-kilogram ADRAS-J satellite was successfully released into an orbit about 600 kilometers above Earth’s surface. Developed as part of JAXA’s CRD2 program, ADRAS-J will approach the 11-meter-long, 4-meter-wide upper stage of an H-2A rocket, which launched the GOSAT Earth observation satellite in…