Rakon plays up advantages, while its customers (Nvidia?) try to keep theirs

Rakon plays up advantages, while its customers (Nvidia?) try to keep theirs
Rakon chief executive Sinan Altug says it's been a tough year for the firm. (Image: Rakon)
Rebecca Stevenson
Rakon chief executive Sinan Altug says it has a 50% chance of winning the space contracts it bids for. The advanced parts maker was hyped about its prospects in space and artificial intelligence, reporting on Wednesday revenue from its space and defence business had increased by 27% to $36.8 million for the 12 months to March 31.Recently Rakon had been playing up its involvement in the so-called “NewSpace” sector, where private firms such as SpaceX were launching low-orbit satellite constellations as the satellite ind...

More Markets

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Eden Bradfield 26 Jul 2025
Infratil and Ebos help drive NZ stocks higher
Markets Market Close

Infratil and Ebos help drive NZ stocks higher

Infrastructure investor helped the sharemarket end the week on a positive note.

Tom Raynel 25 Jul 2025
Bathurst fails to strike-out Talley's claims
Markets

Bathurst fails to strike-out Talley's claims

Talley's is alleging Companies Act breaches by its coal JV partner.

Pattrick Smellie 25 Jul 2025
New CFO for KMD Brands
Markets

New CFO for KMD Brands

Carla Webb-Sear has been appointed group chief financial officer for KMD Brands.She will join the group executive team on Aug 4 and report to Brent Scrimshaw, group chief executive and managing director.She joins KMD Brands from Qantas, where she was chief financial and strategy...

Staff reporters 25 Jul 2025