Satellite Spotlight | Omada Health IPOs at $1B+ valuation in milestone for AI-driven chronic care

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space brew

deal flow

government

• BAE Systems wins $1.2B satellite & ground systems contract by USSF to track missiles incl. hypersonic glide vehicles (AT).

• Auria wins $8.1M JAM prototype RFP by USSF for mission-responsive satellite contact (SN).

• MLS receives $7.7M tax credit from Nova Scotia to build small orbital vehicle spaceport (AT).

• Reaction Dynamics & Maya HTT receive $7.3M from Quebec to onshore propulsion manufacturing (SN).

series A+

• Guardz raises $52M Series B by Glilot for an AI-native cyber defense platform for SMBs (P2).

• Beewise raises $50M Series D for precision robotics treatment for global food supply (P2).

• Kargo raises $18.4M by Matter Ventures for computer vision rollout across supply chain (BW).

• Caris Life Sci. targets $5.3B IPO for AI-backed cancer diagnostics & precision medicine (RT).

public & m&a

• Qualcomm buys Alphawave for $2.4B to enable hi-speed data center connectivity via IP licensing income (BBG).

• Crane acquires PSI for $1.15B to strengthen sensor tech for aerospace & nuclear segment (BW).

• IonQ acquires Oxford Ionics for $1.1B to strengthen quantum compute fidelity with ion-tap technology (BW).

headlines

🚀

• BEAD shifts to tech-neutrality in an opportunity for Starlink & next-gen satcomms carriers (SN).

• Collins Aerospace, of RTX, expands elecTRAS to enhance operational efficiency on Airbus (AA).

• Swedish FMV signs deal with Lockheed for 5th gen long-range air surveillance radar (AT).

• Dhruva Space unites modular satellites with Sodern ArianeGroup’s attitude determination star tracker for quicker in-orbit access (DS).

🤖

• Denver Ventures launches $20M fund backing pre-seed to growth “Founder DNA” thesis with $250k checks (BW).

• Amazon launches new group focussed on robotics R&D (TC).

community spotlight

today, 06/10

• Climate tech mixer (NYC).

• Hardware meetup (LA).

wednesday, 06/11

• Female founder brunch (LA).

• Power converters w/o magnetics ECE panel (SF).

thursday, 06/12

• Business of biotech (LA).

• Climate tech coworking (LA).

• Climate tech happy hour (LA).

friday, 06/13

• Deep tech breakfast (SF).

• Biopunk hackathon (SF).

saturday, 06/14

• Robotics hackathon x Deepmind x Huggingface (SF).

upcoming

• SF Deep Tech Week (SF).

• Toronto Tech Week (TO).

Access full events calendar of 2025.

cosmic weekly insights

trends

1. Upshift in defense-tech priorities:

   US House Appropriations Bill earmarks $3.7B to procurement, & $19.1B to RDT&E diverging from the administrative proposal of $3.4B for procurement, and $15.5B for RDT&E to fast-track next-gen defense innovation in space & ISR.

2. Capital shift from early-stage to consolidation:

   Pre-seed & seed rounds slowdown, especially in high-CAPEX deep tech. Public companies active in M&A. Restless energy in late-stage ventures expecting an IPO breakout.

3. Governments are the new frontier tech LPs:

   From NATO’s Innovation Fund to Canadian & Australian sovereign investments in propulsion, biotech, & semiconductor, public capital is no longer just a grant—it’s a cap table position.

fun reads

Satellite : A chronology

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🤝 2025 Calendar: Must-attend space tech, deep tech events in North America.

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