The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt; DLR) is taking a significant step in the development of reusable space transportation systems with its innovative LUMEN project.
Bellevue, Wash.-based Lumen Orbit, a startup founded earlier this year, raised $11 million to fuel plans to put data centers in space that power technology and AI services back down on Earth.
Lumen posted revenue of $3.2 billion in the third quarter, down 11.5% from the same period a year earlier, while its net loss widened to $148 million. Its fiber broadband business, which accounts ...