Swissto12 said it has raised $70 million in fresh funding to keep up with growing demand for its small geostationary satellite manufacturing business.

The post Swissto12 raises $70 million to accelerate small GEO satellite production appeared first on SpaceNews.

This week the US Space Force brought two more companies into the pool of bidders eligible to compete for its launch contracts—Impulse Space and Relativity Space. For a rocket company, cracking into the lucrative US military launch market is both a sign of maturity, as well as an important source of revenue.

The inclusion of Relativity Space, which is making credible progress toward the launch of its heavy-lift Terran R rocket, is perhaps not a huge surprise. Under the leadership of former Google chief executive Eric Schmidt, the company has continued to work toward bringing the partly reusable rocket to the launch pad.

The addition of Impulse Space, however, was something of a surprise. The company specializes in building spacecraft for in-space operations, rather than launching from Earth.

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