AIR AND SPACE

Rolls-Royce announced it secured about $3.5 million in funding from the U.K. Space Agency to develop a nuclear reactor to power a base on the moon someday.

Richard Branson's Virgin Orbit is working Ducera and Alvarez & Marsal to draw up insolvency plans in case it cannot secure funding from investors, according to Sky News

Richard Branson's Virgin Orbit is pausing operations and furloughing most employees until at least next week, a spokesperson confirmed to Fox Business.

The U.S. should be worried about China's increasing capabilities in space, says Doug Wade, a top U.S. intelligence official working with the Defense Intelligence Agency.

Two NASA astronauts, a Russian cosmonaut and a Japanese astronaut returned to Earth late Saturday after completing a 157-day mission aboard the International Space Station.

Relativity Space scrubbed its first attempt to launch a 3D-printed rocket into orbit from Cape Canaveral, Florida on Wednesday after difficulties with the propellant.

Relativity Space out of Long Beach, California, will hold its inaugural launch of Terran 1, a 3D-printed rocket, at Cape Canaveral Space Force Station on Wednesday.

Another close call incident was reported at Sarasota Bradenton International Airport in Florida, where an American Airlines crew initiated a go-around to avoid an accident with an Air Canada plane.

Arconic manufactures parts for the aerospace, automotive, building and energy industries. Stock soars over optimism that deal will occur for the company with a shaky past.

Sen. Ted Cruz, R-Texas, on Wednesday said President Biden's nominee to lead the Federal Aviation Administration, Phil Washington, is not qualified for the job.

NASA, SpaceX's launch of four astronauts to the International Space Station was scrubbed from Kennedy Space Center in Florida early Monday morning due to a technical issue.

Known for its strong safety record, the aviation industry has recently experienced an unusual number of incidents involving near misses and runway incursions.

The world's largest airline trade group warned the FAA this week its proposed requirement for upgrading planes for 5G will cost some $637 million, and many carriers won't be ready.

SpaceX test fired the Super Heavy Booster 7, featuring 33 Raptor engines that ignited for nearly 10 seconds in Texas, though only 31 engines were successful.

SpaceX used their Falcon 9 rocket to launch a 9,000-pound satellite into orbit on Monday evening from Cape Canaveral Space Force Station in Florida.

A Chinese airship visible from earth flew at 60,000 feet, according to defense officials who believed the balloon spied on the US as it passed from the Pacific to the Atlantic.

A South Dakota-based company's standard research balloon was mistaken by users of FlightRadar24 as the infamous Chinese balloon that has swept across the U.S.

Elon Musk's aerospace company SpaceX successfully launched 49 Starlink satellites and another orbital transfer vehicle into low-Earth orbit on Tuesday morning.

Boeing has won a $425 million dollar contract from NASA to develop a working truss-braced wing aircraft which should use less fuel than todays airplanes.