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)

Thu, 30 May 2024

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...

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