Tag: funding
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LambdaVision Secures $7 Million Seed Round to Advance Space-Based Artificial Retina Production
LambdaVision, a U.S.-based biotechnology company developing artificial retinas, said on Wednesday it had raised $7 million in a seed funding round to support its manufacturing efforts in low-Earth orbit (LEO) and extend operations through 2027. The round was led by Seven Seven Six and Aurelia Foundry Fund, with additional participation from Seraphim Space. The company…
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Germany’s Reflex Aerospace Raises €50 Million to Boost Satellite Production Amid Rising Defence Demand
Germany’s Reflex Aerospace said on Tuesday it had secured €50 million ($58.3 million) in a Series A funding round to expand its satellite manufacturing capacity as demand for both civil and defence applications rises across Europe. The funding round — led by investors Human Element, Alpine Space Ventures, Bayern Kapital, HTGF and Renovatio Financial Investments…
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MDA Space Invests $10 Million in Maritime Launch Services to Support Canadian Spaceport Development
MDA Space, one of Canada’s largest space companies, has invested C$10 million ($7.1 million) in Maritime Launch Services (MLS), becoming both an equity holder and strategic partner in the company’s effort to establish sovereign orbital launch capabilities at Spaceport Nova Scotia. Shares of MDA rose about 1% on the Toronto Stock Exchange on Monday, closing…
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Catalyx Space Raises $5.4 Million to Develop Satellite Infrastructure and Reentry Platforms
Startup Catalyx Space has secured $5.4 million in seed funding to accelerate the development of space infrastructure, including satellite buses and reentry platforms. The funding round, led by Outlander VC, also included participation from Arka Venture Labs, Lex Reddy, KDX Management LLC, and several other investors. Founded last year by Rifath Shaarook in India, Catalyx…
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Impulse Space Raises $300 Mln to Scale In-Space Transport, Develop Electric Propulsion
In-space transportation startup Impulse Space has raised $300 million in a Series C funding round to expand vehicle production and develop electric propulsion technologies, the company said on Monday. The round was led by new investor Linse Capital, with additional participation from DFJ Growth and existing backers. The fundraising, described by the company as a…
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China’s Astronstone Secures $14 Million to Develop Stainless Steel Reusable Rocket Modeled on SpaceX Starship
Astronstone, one of China’s newest commercial space startups, announced it has raised over 100 million yuan ($13.9 million) in early-stage funding to develop a stainless steel, reusable rocket inspired by SpaceX’s Starship system. Founded in mid-2024, Astronstone is developing its AS-1 launch vehicle, a 70-meter tall, 4.2-meter diameter rocket powered by a customized version of…
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Northrop Grumman Invests $50 Million in Firefly Aerospace to Advance Medium-Lift Rocket Eclipse
Northrop Grumman announced on May 29 a $50 million investment in Firefly Aerospace, joining a $175 million Series D funding round for the company that values it at over $2 billion. The funding will support development of Firefly’s medium-lift launch vehicle, recently renamed Eclipse. Eclipse is designed to carry payloads up to 16,300 kilograms to…
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White House Withdraws Jared Isaacman’s NASA Administrator Nomination Amid Political Concerns
The White House has withdrawn Jared Isaacman’s nomination to be NASA administrator, adding uncertainty to the agency at a time when it faces proposed deep budget cuts. The announcement came in a statement from White House spokesperson Liz Huston, who said a new nominee aligned with President Trump’s “America First” agenda will be named soon.…
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EnduroSat Raises €43 Million to Expand Satellite Production for Next-Generation Endurance Platform
Bulgaria-based EnduroSat has secured €43 million ($48.8 million) in new funding to ramp up production of its next-generation modular satellites, the company said this week, marking a significant step toward delivering scalable, reconfigurable space platforms for commercial and government missions. The investment round was led by U.S.-based Founders Fund, with participation from CEECAT Capital, Morphosis…
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China’s MinoSpace Secures $111 Million Contract for Sichuan Satellite Constellation
Chinese commercial satellite manufacturer MinoSpace has won a contract valued at 804 million yuan ($111 million) to construct a remote sensing satellite constellation for Sichuan Province, marking a significant step in the country’s growing use of private firms in national space infrastructure projects. The deal, announced May 18 by the National Public Resources Trading Platform…