Aerotime reports pioneering autonomous drone delivery Zipline “has raised $600 million from private investors, in order to fuel its continued expansion into at least four US states.”
Full Story (Aerotime)
Tag: Raises
GE Aerospace Raises 2025 Profit Forecast on Robust Aftermarket Demand
Reuters reports GE Aerospace raised its 2025 profit forecast on Tuesday, projecting a strong finish to the year on robust demand for aftermarket maintenance services due to a shortage of new jets. The jet-engine maker also lifted its growth forecast for LEAP engine deliveries to more than 20% in 2025. Shares of the company were up nearly 3% in premarket trading.
Full Story (Reuters)
Boeing Boosts Its Forecast for China’s Commercial Jet Fleet Demand
MarketWatch reports, “China will more than double its commercial airplane fleet by 2043, says Boeing, thanks to the expansion of the aviation industry to meet growing passenger travel and cargo demand. The U.S. plane maker said Tuesday in its annual 20-year forecast that China will need 8,830 new commercial airplanes through 2043, up from its 8,560…”
Full Story (MarketWatch)
Space Economy Generates $6.5 Billion in First Quarter
Aviation Week reports, “Companies in the space sector raised $6.5 billion from January to March, an increase of 33% over the fourth quarter of 2023, according to a new report by early-stage venture capital firm Space Capital. The bulk of the investment went to more mature companies, especially late-stage startups. They received $4.3 billion, about 66% of the total. In contrast, growth-stage investments fell 51%.”
Full Story (Aviation Week)
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SpaceX Falcon 9 rocket launches 23 Starlink satellites from Cape Canaveral
(Spaceflight Now; YouTube)