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

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

NZ dollar on watch ahead of 3Q GDP, Fed signals
Markets

NZ dollar on watch ahead of 3Q GDP, Fed signals

Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

NZ sharemarket drifts flat as Fed decision looms
Markets Market Close

NZ sharemarket drifts flat as Fed decision looms

The S&P/NZX 50 Index closed down 0.05% or 6.5 points.

Tom Raynel 17 Sep 2025