Transcript
Maria Varmazes (0:01)
You're listening to the N2K space network.
Dave (0:10)
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Maria Varmazes (1:27)
Today is May 20th, 2025. I'm Maria Varmazes and this is T minus. T minus 20 seconds to Los Saudi Arabia's SARSATX has successfully closed a $2.6 million seed funding round four. Safran AI and ICEI have signed a long term strategic partnership. Ursa Space Systems and Ariane are partnering to integrate Aireon's real time aircraft tracking data into Ursa Space's geospatial platform Starfish Space's Otterpup 2 mission to conduct rendezvous and proximity operations and ultimately attempt docking with another spacecraft in leo. The Luxembourg Space Agency and the European Investment bank are partnering to accelerate the use of Satell based technologies within the financial sector. Our guest today is David Barnhart, CEO and co founder of Arcasis. Dave and I spoke about DARPA's new Lasso program that's looking for water on the moon. Stick around for more on that later in the show. We're kicking off today's show with big financial updates out of Europe. And no, it's not news of a funding round. The Luxembourg Space Agency and the European Investment bank are partnering to accelerate the use of satellite based technologies within the financial sector. This joint initiative, titled Space for Finance, aims to harness Europe's strength in earth observation and satellite navigation to enhance sustainability reporting, risk management and impact assessment across industries such as investment banking and insurance. The organization's plan to explore how satellite data can be used to improve financial services and enabling companies to monitor environmental performance, anticipate risks and compare results across business sites. A key component of the initiative is the R and D pilot program, which will use concrete pilot projects to assess the value of space data for financial decision making. These efforts will lay the groundwork for a broader call for projects open to industry players. By combining expertise in finance and space, the EIB and LSA aim to drive the next wave of innovation we they want to ensure that Europe remains at the forefront of using space technologies to meet global economic and environmental challenges. Starfish Space's Otterpup 2 mission is set to launch this summer. Starfish says the demonstration mission will conduct rendezvous and proximity operations and ultimately attempt docking with another spacecraft. If successful, this will be the first commercial satellite docking in LEO. Additionally, Otter Pup 2 is aiming to give Starfish the opportunity to test key software and hardware technologies in orbit, paving the way for the company's first OTTER missions for Intelsat, the US Space Force and NASA. In 2026, the mission will launch aboard the Transporter 14 rideshare mission with SpaceX. A deorbit ion spacecraft will serve as the client satellite for the mission. And for those of you that have forgotten or missed the incredible story of the Otter Pup's first mission, we've included a link to my chat with Michael Madrid from Starfish Space on their mission back in 2023. Ursa Space Systems and Aerian are partnering to integrate Ariane's real time aircraft tracking data into Ursa Space's geospatial platform. Ursa Space provides satellite intelligence infrastructure powered by a growing catalog of over 50 million SAR images from the world's largest largest virtual radar satellite. Constellation. Aireon has deployed a space based air traffic surveillance system for automatic dependent surveillance broadcast equipped aircraft throughout the entire globe. Together they are aiming to expand Ursa Space's analytic offerings with a global layer of aviation activity that enhances situational awareness for commercial defense and humanitarian use cases. Safran AI and ISI have signed a long term strategic partnership. The companies plan to leverage their combined expertise to deliver advanced multi sensor artificial intelligence solutions that enable governments to achieve faster and more accurate decision making in geospatial intelligence. This collaboration between ISCI and Safran builds on the existing partnership, with Safran already providing ISI with space to ground link solutions for the rapid transmission of high resolution imagery. And Saudi Arabia's SARSAT X has successfully closed a $2.6 million seed funding round. Sarsat Arabia is a space startup that designs and develops small satellites to do earth observation using synthetic aperture radar. Otherwise known as sar, to provide data for many sectors. Sarsatx says this funding will accelerate the company's mission to advance SAR technologies and strengthen the kingdom's position in the global space industry. That concludes today's intel briefing. Over to N2K senior producer Alice Carruth for more on the stories that didn't make the Top five today.
