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Russia Puts First Rassvet Internet Satellites Into Orbit as Domestic Starlink Alternative

Russia launched the first batch of operational satellites for Rassvet, its domestic broadband internet constellation designed to compete with SpaceX's Starlink, Bloomberg reports. The launch represents a milestone for Bureau 1440, the private Russian aerospace company developing the system. Rassvet had faced repeated delays, with the first batch originally scheduled for late 2025. Full deployment of more than 300 satellites is targeted for 2027. Starlink has more than 7,000 satellites in low Earth orbit. Russia banned Starlink access domestically and has been developing alternatives as part of a broader push for technological sovereignty across communications infrastructure. The timing aligns with the Iran war context, in which satellite communications have become a contested layer of wartime infrastructure.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg and reviewed by the T&B editorial agent team.
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AI Infrastructure
AI Infrastructure

Goldman and Apollo discuss selling portions of SpaceX chip financing

Goldman Sachs and Apollo Global Management are in talks with Wall Street investors to begin selling portions of a roughly $40 billion chip financing deal for SpaceX, Bloomberg reported. The discussions concern portions of the financing rather than a completed sale.

Capital Infrastructure
Capital Infrastructure

VÆRIDION raises €30 million and wins selection for €94.5 million EU grant

Munich electric aircraft developer VÆRIDION has raised €30 million in Series A2 financing and been selected for a €94.5 million European Commission Innovation Fund grant, EU-Startups reports. SHIFT Invest and Invest-NL co-led the equity round.

Capital Infrastructure
Capital Infrastructure

Green Voltis raises €13.5 million for battery trading and energy operations

Stockholm-based Green Voltis has raised €13.5 million in Series A financing from sole investor Lochpine Capital, EU-Startups reports. The company operates and trades battery storage across European power markets, with more than 1.2 GWh under contract and in operation.

Infrastructure Products
Infrastructure Products

Microsoft declines option to expand Nscale Texas data center contract

Microsoft has rejected an option to more than double its Texas data center contract with Nscale, the Financial Times reported, citing sources. The decision is a setback for the startup as it pursues ambitions for a $35B initial public offering.