Space Angel secures $1.75m WA Government backing to advance Western Australian spaceport plans

spacenews.com Aug 25, 2026

Space Angel secures $1.75m WA Government backing to advance Western Australian spaceport plans

Curated by Shubham · TechCapsules · Aug 25, 2026

AI-summarised brief · reviewed before publication

Space Angel was awarded the Western Australian Government’s $1.75 million Spaceport Establishment Support Grant, announced by Science and Innovation Minister Stephen Dawson. The funding, part of a $2 million Made in WA initiative, will finance detailed site assessments and a rigorous business case for the company’s proposed Australis Spaceports in Western Australia. Founder and CEO Ram Kuppusamy called the grant a “milestone” and a vote of confidence in creating a commercially viable, safe and globally competitive spaceport. The grant was granted through an open, competitive process, while the state also conducts a separate feasibility study on additional locations. The government estimates the global launch services market exceeds US$15 billion and is growing about 15 % annually, highlighting the economic potential of a local spaceport.

💡 Why It Matters

· The grant accelerates a concrete plan to turn Western Australia’s remote infrastructure expertise into a launch hub, positioning the state to capture a slice of the fast‑growing global space market.

Read full article on spacenews.com

U.S. Department of Energy Allocates $7.3M for High-Energy Physics Quantum Outposts

The U.S. Department of Energy has awarded $7.3 million to eight multi-institutional research projects under its “Quantum Outposts on the Energy and Intensity Frontiers” initiative. Operating within the Office of Science’s High Energy Physics program, these grants integrate quantum information science tools into particle accelerator experiments, collision analyses, and neutrino research. Brookhaven National Laboratory and the University of Pittsburgh will lead a project analyzing particle entanglement at the Large Hadron Collider and the future Electron-Ion Collider. Researchers aim to detect rare physical phenomena by measuring quantum information preservation during subatomic collisions, identifying signatures unobservable via classical methods. Other projects will develop specialized quantum sensors for the Deep Underground Neutrino Experiment. The funding aligns with the National Quantum Initiative Act and the DOE’s Quantum Genesis Mission, targeting scientifically relevant applications by 2028. The three-year budget includes $3.2 million in Fiscal Year 2026 funds, with remaining amounts subject to congressional appropriations.

💡 This funding bridges the gap between abstract quantum theory and tangible high-energy physics instrumentation. By targeting specific detection limits in collider and neutrino experiments, the DOE moves quantum computing from theoretical simulation to practical experimental utility.

engineering.princeton.edu · Aug 25

Princeton to lead major federally-funded institute to unlock quantum computing challenges

The National Science Foundation has awarded Princeton University $27.9 million to lead MARQUIS, a new Quantum Leap Challenge Institute focused on advancing superconducting quantum computing. Over five years, the institute will address critical manufacturing bottlenecks by reinventing the Josephson junction, a core component of quantum processors. Directed by Professor Nathalie de Leon and Deputy Director Valla Fatemi, the initiative unites experts from nine research institutions, including Cornell, MIT, and Stanford. The project integrates materials science, quantum devices, and semiconductor processing to move beyond quarter-century-old technologies that limit scalable production. An advisory board featuring industry leaders from Google Quantum AI and NVIDIA will guide efforts to enhance U.S. leadership in quantum science. This funding is part of a broader $290 million NSF investment in eight institutes aimed at accelerating quantum development through specialized hardware fabrication and workforce training programs.

💡 By targeting the physical fabrication of qubits, this initiative addresses the primary engineering hurdle preventing quantum computers from scaling beyond laboratory prototypes. Solving this manufacturing bottleneck is essential for transitioning quantum technology from theoretical promise to practical, industrial application.

techfundingnews.com · Aug 25

General Intuition in talks to raise at $6B valuation as physical AI…

New York-based AI startup General Intuition is in advanced discussions to secure fresh capital at a $6 billion pre-money valuation, sources indicate. This potential financing follows closely on the heels of a $320 million raise at a $2.3 billion valuation just weeks prior, underscoring rapid investor enthusiasm for physical AI technologies. The upcoming round is expected to involve new backers Valor Equity Partners, Point72 Ventures, and Seven Seven Six, alongside existing participants Khosla Ventures and General Catalyst. Co-founded by Pim de Witte, the company leverages vast gameplay data to train models on “action labels,” aiming to develop AI that generalizes across tasks rather than merely reproducing patterns. With only 44 employees, General Intuition focuses on building foundation models for robotic embodiments. The funding will support model improvement, compute infrastructure expansion, and talent acquisition. This move aligns with a broader trend of massive capital inflows into physical AI, evidenced by recent billion-dollar rounds for competitors like Skild AI and Physical Intelligence.

💡 The valuation jump from $2.3 billion to $6 billion in weeks demonstrates that investors are aggressively pricing the transition from digital to physical AI capabilities. This rapid capital deployment signals a strategic shift toward robotics as the next major frontier for generative models.

en.sedaily.com · Aug 25

Nvidia in Talks to Invest Billions in Perplexity

Nvidia is negotiating to join a new equity investment round in AI startup Perplexity, valuing the company at over $30 billion. This move marks a strategic shift for the chipmaker from primarily selling hardware to actively investing in AI software. Nvidia and Perplexity already maintain close ties, with Perplexity joining Nvidia’s Nemotron open-source alliance in March. CEO Jensen Huang has previously praised Perplexity as his favorite chatbot. Reports indicate Nvidia initially considered licensing technology and hiring staff, similar to recent deals with Groq and Enfabrica, but discussions shifted to equity. The investment aims to stabilize Perplexity ahead of a planned 2028 initial public offering. Concurrently, Nvidia finalized a $6 billion partnership with AI startup Poolside, including a $1 billion equity stake. These actions underscore Nvidia’s broader strategy to expand its influence in the open-weight AI model market, moving beyond its traditional role as a hardware supplier to become a key player in software development and ecosystem building.

💡 Nvidia’s pivot from pure hardware sales to direct software equity stakes fundamentally alters its competitive positioning in the AI ecosystem. By financially backing open-source competitors like Perplexity and Poolside, the chipmaker secures critical software partnerships that drive demand for its GPUs while challenging the dominance of closed-model giants.

prnewswire.com · Aug 25

AI-Driven Portfolio Management Platform Standard Metrics Raises $20M to Supercharge Private Markets…

Standard Metrics, an AI‑driven portfolio management platform for venture capital and private equity, secured $20 million in Series B funding led by 8VC, with participation from Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, Gaingels, and others. The company, founded in 2020 to improve investor‑portfolio company relations, now offers a unified source of truth for performance data, AI‑powered analysis, and automated reporting. It supports over 10,000 portfolio companies and 150 firms managing more than $400 billion in assets, and has grown 20‑fold since Series A.

💡 The infusion underscores the private‑markets sector’s pivot toward AI‑enabled efficiency, positioning Standard Metrics to accelerate data‑driven decision making for the next wave of investment leaders.

thenextweb.com · Aug 25

The “GPT moment” for robots is already here. It’s just not in…

Skild AI, a Pittsburgh-based robotics startup, has reached a valuation exceeding $14 billion following a $1.4 billion Series C funding round led by SoftBank. Investors include NVIDIA, Jeff Bezos, Samsung, and LG. The company, co-founded by Abhinav Gupta and Deepak Pathak, generates software that serves as a universal brain for industrial robots. Skild reported approximately $30 million in revenue within six months of 2025. Its technology is currently deployed on hundreds of robots across factories, data centers, and logistics hubs, including facilities operated by NVIDIA. Major original equipment manufacturers like ABB Robotics and Universal Robots are integrating Skild’s software into their hardware. Gupta asserts that the industry is experiencing the initial phase of a transformative period for physical artificial intelligence, comparable to the rapid adoption of generative language models, with widespread implementation expected within the next eighteen months.

💡 This valuation validates the commercial viability of general-purpose robot software over specialized hardware, shifting industry focus toward scalable AI brains. It confirms that industrial automation is moving beyond experimental prototypes to revenue-generating, live deployments.