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

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025
Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Staff reporters 02 Jul 2025