Commercial Spaceflight And The Dawning Age of NewSpace

UrtheCast Shelves New ISS Camera To Focus on Satellite Constellation | SpaceNews.com

PARIS — UrtheCast said Nov. 10 it is refocusing its investment away from International Space Station-mounted cameras toward a planned constellation of Earth-imaging satellites.

In an earnings call with investors, the Vancouver, British Columbia-based Earth-observation imagery and services startup said it had 100 million Canadian dollars ($75 million) in firm orders as of Sept. 30, plus 30 million Canadian dollars in options.

UrtheCast said it had signed non-binding memoranda of understanding with two prospective customers for a total of 370 million Canadian dollars. Construction of the 16-satellite constellation will not begin until at least some portion of this amount is transformed into binding commitments.

Sourced through Scoop.it from: spacenews.com

See on Scoop.itThe NewSpace Daily

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