industrys

Can Aethero Become the Intel or Nvidia of the Space Industry?

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Satellite sensors collect an incredible amount of raw data, but on-orbit compute limitations mean that operators have little way to process this data in space. The startup is developing radiation-hardened edge computers for on-orbit data processing and eventually even autonomous decision-making. The startup’s first generation space computer is called the AetherNxN, which is based around an Nvidia Orin processor. Aethero is planning to release a larger, second-generation module for bigger spacecraft before transitioning to a proprietary space processor. “We see ourselves as becoming the Intel or Nvidia of the space industry,” he said.

“2024’s Inaugural SPAC Failure in the Space Industry: Astra Takes the Title”

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Astra Space, the launch company that went public in 2021 at a $2.1 billion valuation, is going private again after months of burning cash and failing to secure alternate investment. The deal is expected to close in the second quarter of 2024, at which time Astra will cease trading on the Nasdaq. In an investor presentation from February 2021, Astra touted a “mass produced portable launch system” that could launch from anywhere in the world. At the time Astra completed its SPAC merger it also acquired Apollo Fusion, an electric propulsion developer for spacecraft, with the aim of integrating those systems into an Astra satellite constellation. That constellation never came to fruition, however, and while the company did succeed in selling many Apollo Fusion propulsion systems it has struggled to turn that backlog into revenue.