Autonomous cargo drone startup Elroy Air lands $40M Series A

Elroy Air has raised a $40 million Series A, including financing from Lockheed Martin’s venture capital arm, to ramp up the build, testing and validation of its inaugural autonomous cargo drone. The funding round saw participation from Marlinspike Capital and Prosperity7, as well as existing investors Catapult Ventures, DiamondStream Partners, Side X Side Management, Shield […]

A docu-series on the Inspiration4 mission is coming to Netflix

Inspiration4 is getting its own documentary. Netflix said Tuesday it would be releasing a five-part series on the mission, its first documentary to cover an event “in near real-time,” in five parts in September. Countdown: Inspiration4 Mission to Space will follow the first all-civilian Inspiration4 crew as they prepare for and undergo a three-day flight […]

Lilium in talks with Brazilian airline for $1B order

German electric aircraft startup Lilium is negotiating the terms for a 220-aircraft, $1 billion order with one of Brazil’s largest domestic airlines, the companies said Monday. Should the deal with Azul move forward, it would mark the largest order in Lilium’s history and its first foray into South American markets. “A term sheet has been […]

Varda Space Industries closes $42M Series A for off-planet manufacturing

Varda Space Industries has raised a $42 million Series A to bring to manufacturing a key capability that can only be found off-world: microgravity. The eight-month-old startup is looking to establish its first manufacturing facility in space as early as 2023, and by doing so, bring back to Earth advanced products that can only be […]

Swarm debuts $499 Evaluation Kit for consumers and tinkerers

Satellite connectivity company Swarm has come out with a new product that will give anyone the ability to create a messaging or Internet of Things (IoT) device, whether that be a hiker looking to stay connected off-the-grid or a hobbyist wanting to track the weather. The Swarm Evaluation Kit is an all-in-one product that includes […]

iRocket to begin rocket engine testing at NASA’s Marshall Space Flight Center

Reusable rocket startup iRocket has entered into a new partnership with NASA in its quest to reach commercialization in just two years. The partnership will give iRocket access to testing facilities and engineering support, chiefly at the NASA Marshall Space Flight Center in Huntsville, Alabama. The company is hoping that it will conduct its first […]

Rivian plans to install EV chargers in Tennessee’s 56 state parks

Rivian electric vehicle charging stations are coming to yet another state park system. The EV startup said it would install its so-called “waypoint” chargers at all of Tennessee’s 56 state parks, just four months after announcing a similar agreement with the state of Colorado. It’s the next step in Rivian’s plans to build out its […]