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Sunrise from orbit. Photo: NASA

NewSpace Networks — which is emerging from stealth mode on Tuesday — will focus its efforts on making data collection and communication from space cheaper and easier through software, not engineering new satellites and rockets.

Why it matters: The price of launching satellites to orbit has gotten cheaper in recent years, but it still costs millions, if not billions, of dollars for companies to deploy and operate their own constellations of satellites.

  • "What we want to do is take what's being deployed, lever it up to make it more efficient and more usable," NewSpace Networks co-founder Robert Cleave told Axios.
  • Cleave and his co-founders all worked for Vector, a small launch company that suspended operations and filed for bankruptcy last year.

How it works: At the moment, getting data back from satellites is a cumbersome process involving ground stations, satellite links and an extensive infrastructure of fiber-optic cables and antennas on Earth.

  • NewSpace Networks hopes to work with satellite and ground operators to make their networks run more efficiently and find ways to help them stand out in an increasingly crowded market.
  • The company wants to create tools that will move information through networks of communications satellites from one point to another as quickly as possible, even in remote locations like in the ocean or in the Arctic.
  • They're also looking to more efficiently process data, saving time, money and opening the door to using information from orbit in new ways.
  • NewSpace Networks is now looking to raise $200 million to put toward these efforts.

But, but, but: The company's founders say it likely won't be easy to convince the old guard of the space industry that this kind of innovation is useful and necessary.

  • "It's to its detriment as an industry to not embrace new technologies," co-founder Shaun Coleman told Axios. "I think probably our single biggest issue is getting the industry to adopt and embrace good, new technology."

Go deeper:

Go deeper

Dion Rabouin, author of Markets
43 mins ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

Ina Fried, author of Login
3 hours ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.

The FBI is tracing a digital trail to Capitol rioters

Illustration: Sarah Grillo

Capitol rioters, eager to share proof of their efforts with other extremists online, have so far left a digital footprint of at least 140,000 images that is making it easier for federal law enforcement officials to capture and arrest them.

The big picture: Law enforcement's use of digital tracing isn't new, and has long been at the center of fierce battles over privacy and civil liberties. The Capitol siege is opening a fresh front in that debate.