Each month we round up some of the top stories in space, entrepreneurship, innovation, finance and technology.

Here’s our round-up for December:

SILICON VALLEY SHOOTS FOR THE STARS IN THE NEW SPACE RACE

As Elon Musk and Jeff Bezos have set their sights on spaceflight, CNET Magazine looks at their efforts just might put us on Mars. Read here. SpaceX’s successful drone ship landing can be seen below.

WE NEED MORE SPACE!

Frank Salzgeber, Head of Technology Transfer Program Office at the European Space Agency, spoke at Slush 2016, one of Europe’s leading startup events. Watch his talk below.

ELEVATING UNITY

On December 3, 2016, Virgin Galactic’s new SpaceShipTwo, VSS Unity, flew freely for the first time. Read the full statement by Virgin Galactic here. Watch the video below.

STARBURST VENTURES

A new venture fund called Starburst Ventures has raised a $200 million debut fund to invest in early stage aerospace startups over the next three years. Read about it here.

Earth. Credit: NASA (2015)

Earth. Credit: NASA (2015)

GALILEO GOES LIVE

Seventeen years and more than 10 billion euros ($11 billion) later, Europe’s Galileo satnav system is now live, promising to outperform US and Russian rivals while boosting regional self-reliance. Read more here.

People take photos as an Ariane 5 space rocket with a payload of four Galileo satellites lifts off from ESA's European Spaceport in Kourou, French Guiana, on November 17, 2016 Image via: http://phys.org/news/2016-12-europe-satnav-galileo-due.html#jCp

People take photos as an Ariane 5 space rocket with a payload of four Galileo satellites lifts off from ESA’s European Spaceport in Kourou, French Guiana, on November 17, 2016 Image via: http://phys.org/news/2016-12-europe-satnav-galileo-due.html#jCp