It is a common assumption that quantum computing is a long-term bet that may take at least a decade to turn a profit. But that’s not always the case.  At TNW Conference in Amsterdam last week, Jan Goetz, co-founder and co-CEO of Finnish quantum startup IQM, revealed his company began earning revenue much earlier — by taking a page from SpaceX’s funding playbook. “When we started, it was a classic deep tech case, and people thought revenue would be five to 10 years out,” Goetz said. “No, that’s stupid. You can make money already with these very early-stage machines.” Rather than…

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Or just read more coverage about: SpaceX

Communication with a privately funded European space capsule was lost Tuesday shortly after the spacecraft reentered Earth’s atmosphere.  The capsule launched on a SpaceX rocket from Vandenberg Space Force Base in California on Monday. The Exploration Company, which built the spacecraft, described the mission as a “partial success” and a “partial failure.” “The capsule was launched successfully, powered the payloads nominally in orbit, stabilised itself after separation with the launcher, re-entered and re-established communication after blackout,” the Munich-based startup said in a LinkedIn post today.  “But it encountered an issue afterwards, based on our current best knowledge, and we lost…

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Danish biotech Cellugy has raised €8.1mn in EU funding to accelerate production of a biodegradable material designed to replace microplastics in cosmetics. The grant, awarded under the EU’s LIFE Programme for environmental projects, will support the commercialisation of EcoFLEXY, a cellulose-based material for use in personal care products such as creams, gels, and toothpaste.  Cellugy claims EcoFLEXY is the first material of its kind to match the performance of fossil-based carbomers, which are famed for their ability to give cosmetics a smooth, consistent texture and a long shelf life. Currently, carbomers dominate the global cosmetics market despite links to microplastic…

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Dutch tech scaleup Optics11 has launched an underwater monitoring system that uses light waves to “listen” for the presence of foreign objects. Called OptiBarrier, the system can detect enemy submarines, drones, and surface vessels from up to 150km away — without revealing its own position. “We listen with light,” the company’s CEO, Paul Heiden, told TNW. “That means our technology is entirely undetectable and can’t be jammed.”  The standard method for listening underwater is through electromagnetic fields. Devices emit electromagnetic pulses and detect the presence of an object, such as a ship or submarine, based on the waves that bounce…

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Berlin-based startup Nox Mobility emerged this month with ambitious plans for a night train service connecting more than a dozen European cities. The network will feature sleek, private cabins — all for the price of a short-haul plane ticket. While there are some night trains operating in Europe, cabins are typically very small and private booths are hard to find. Some, like the European Sleeper, which runs from Brussels to Prague, use repurposed trains, which some travellers report being noticeably dated. Nox’s co-founder Janek Smalla said he believes rail in general is “pretty much the worst-managed transport mode” in Europe,…

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