Michael Sheetz
CNBC
Southern California, CA, United States
Contact Michael
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Past articles by Michael:
Jeff Bezos’ Blue Origin rocket engine explodes during testing
It's a destructive setback with potential ramifications for the company's customer United Launch Alliance as well as Blue Origin's own rocket New Glenn. → Read More
Astranis to bring satellite internet to 2 million people in the Philippines next year
Astranis has a unique approach to providing internet access, using small, low-cost satellites that operate in the geosynchronous orbit of traditional players. → Read More
Astra plans a reverse stock split, seeks to raise up to $65 million in offering
The company previously outlined a reverse split as part of its plan to avoid delisting by the Nasdaq exchange. → Read More
Investing in Space: India is the industry's 'sleeping giant,' according to an expert behind the international Artemis Accords
India's no slouch when it comes to space, but the announcements come at a notable time: Russia is steadily fading away as a space superpower. → Read More
Virgin Galactic raises $300 million, seeks another $400 million to expand spacecraft fleet
Virgin Galactic's growth hinges on its ability to expand its fleet with Delta-class vehicles. The offerings are a way to stop gap its cash burn until then. → Read More
Spacecraft builder Apex raises $16 million from a16z and Shield Capital, reveals first customers
Apex is now building its first Aries bus, which is set to fly as a demonstration mission on SpaceX's rideshare Transporter-10 mission. → Read More
Intelsat ends merger talks with rival satellite communications giant SES
U.S. satellite communications giant Intelsat walked away from merger discussions with Luxembourg-based competitor SES on Thursday, CNBC confirmed. → Read More
Virgin Galactic sets first commercial space tourism flight for this month; shares spike more than 30%
Virgin Galactic aims to launch its commercial space tourism service in late June, with a flight carrying members of the Italian Air Force. → Read More
Investing in Space: Bankers and insiders say M&A action is heating up
The space sector has seen a variety of mergers and acquisitions since the start of the year, but the deal-making is only heating up. → Read More
Former top SpaceX lawyer joins Surf Air Mobility as it prepares to go public
David Anderman, who recently served as SpaceX general counsel, is joining soon-to-be-public company Surf Air Mobility, CNBC has learned. → Read More
Layoffs hit Colorado space companies as funding remains tight
The layoffs came at Ursa Major, which makes rocket engines, and Orbit Fab, a startup aiming to provide refueling services to spacecraft. → Read More
Planet stock drops after satellite imagery and data venture lowers annual revenue guidance
Planet, a satellite-imagery and data-analysis company, lowered its annual revenue guidance after reporting first-quarter results Thursday. → Read More
Investing in Space: Here are the rockets chasing to compete with SpaceX's Falcon 9
No rocket has been better-described as a “workhorse” than SpaceX’s Falcon 9. But companies like ULA, Rocket Lab, and Relativity seek to challenge the market. → Read More
Boeing sued for allegedly stealing IP, counterfeiting tools used on NASA projects
Wilson Aerospace, a family-run tools company based in Colorado, is suing Boeing for a wide range of claims concerning allegedly stolen intellectual property. → Read More
Boeing indefinitely delays Starliner astronaut mission for NASA after discovering more issues
Boeing's Starliner crew flight test was most recently scheduled for July 21 and was due to carry a pair of NASA astronauts to the International Space Station. → Read More
Pentagon awards SpaceX with Ukraine contract for Starlink satellite internet
The Pentagon declined to offer additional contract details, including the price, scope and timeline of the delivery. → Read More
Investing in Space: Virgin Galactic still has a big hurdle to clear for commercial service
The Virgin Galactic story is not about its first operational spaceflight, as long-awaited as that may be. It's about cadence. → Read More
Bank of America hits spacecraft builder Terran Orbital with rare double downgrade
Bank of America downgraded spacecraft builder Terran Orbital from buy to underperform on Friday. → Read More
Investing in Space: Who wins in the Elon Musk versus Jeff Bezos moon race
The billionaire race to the moon is on, but it doesn't matter whether Elon Musk or Jeff Bezos gets there first. → Read More
Virgin Galactic attempts final test flight before beginning ticketed space trips
It's a crucial moment for Virgin Galactic, which has suffered repeated setbacks, several disasters and years of delays in developing its spaceflight system. → Read More