:

Business/Financial

Spacecraft Developer Portal Space Raises $17.5 Million In Seed Round

By Cal Biesecker

Thursday, April 3rd, 2025

SHARE:

Spacecraft Developer Portal Space Raises $17.5 Million In Seed Round

Test equipment at Portal Space Systems' facility in Seattle. Photo: Portal Space

Startup satellite developer Portal Space Systems on Thursday said it raised $17.5 million in an oversubscribed seed round that will support the full-scale demonstration of its Supernova multi-role, transorbital spacecraft expected to launch in 2026. The funding raise builds on an undisclosed pre-seed round when Portal was created in November 2021, and $5.5 million in various Small Business Innovation Research Contracts awarded by the Space Force, including for tactically responsive space. The Seattle-based company emerged from stealth a year ago.…

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]

Army

Army ‘Looking At Options’ For Supporting Munitions Boost Plans If Reconciliation Fails, Official Says

The Army is “looking at options” for how it would support planned boosts to munitions production if Congress doesn’t pass a reconciliation bill with the requested funding, a senior acquisition […]

Build Of At Least 45 MQ-9s By Start Of FY 2029 Required By SASC Bill

Down to an inventory of 135 MQ-9A Reapers due to the loss of two dozen aircraft in strikes on Iran, the Air Force would have to field at least 45 […]