Tag: funding
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Seraphim Space Investment Trust Reports Resilient Growth Despite Astroscale IPO Setback
Seraphim Space Investment Trust (SSIT) announced a 1.4% increase in the total value of early-stage space investments in its publicly traded trust, reaching 201 million pounds ($257 million). This growth occurred despite a setback from Astroscale’s discounted initial public offering (IPO). Astroscale, a Japanese debris removal venture, went public on the Tokyo Stock Exchange on…
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Sierra Space Expands Military Satellite Capabilities
Sierra Space, renowned for its development of the Dream Chaser spaceplane and collaboration with Blue Origin on a commercial space station, is expanding its presence in the national security sector. Following a recent contract win to construct military satellites, the company is targeting new areas such as in-orbit services and transportation to bolster its position…
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Space Pioneer Secures $207 Million for Reusable Rocket, Targets Megaconstellation Contracts
Chinese commercial space company Space Pioneer, also known as Beijing Tianbing Technology Co., Ltd, has announced a successful funding round worth more than 1.5 billion yuan ($207 million) on June 6. This investment, termed “C+,” involves at least 15 investors, including private equity and state-linked investment entities. The funding will primarily support the development and…
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Space Circling Secures $13.9M for Cutting-Edge Rocket Engine Development
Chinese launch startup Space Circling, known officially as Shaanxi Tianhui Aerospace Technology Co., Ltd., has successfully clinched over 100 million yuan ($13.9 million) in funding to bolster its pioneering work on innovative rocket engines aimed at powering commercial space endeavors. The Series A funding, unveiled on February 18th, marks a significant milestone for the Xi’an-based…
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UK Space Agency Partners with Axiom Space for Groundbreaking £15 Million Funding Opportunity
The UK Space Agency has launched a significant funding opportunity, in collaboration with Axiom Space, offering up to £15 million to drive British technology into space. Two new funding calls have been initiated, inviting UK-based researchers and technology innovators to participate in a space journey alongside home-grown astronauts. Minister for space at the Department for…
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Portuguese Startup Connected Raises Record Pre-Seed Funding for Space-Based IoT Connectivity
Portuguese startup Connected has secured a groundbreaking €2 million funding round, marking the largest Pre-Seed investment ever raised by a Portuguese-based spacetech startup. The company aims to pioneer universal, standardized, and affordable Narrowband Internet of Things (NB-IoT) connectivity from space, addressing the growing demand for satellite-based communication in off-grid areas without terrestrial cellular coverage. Driven…
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Gilmour Space Technologies Secures $55 Million for Rocket Development and Orbital Launches
Australian startup Gilmour Space Technologies has secured $55 million Australian dollars ($36 million) in a Series D funding round, as announced on February 19. This investment is intended to support the company’s efforts in manufacturing, testing, and launching rockets and satellites from the Bowen Orbital Spaceport in North Queensland. Gilmour Space, founded in 2012, is…
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Former Blue Origin president’s startup raises funding to go after moon resources
Space industry executive Rob Meyerson speaks at a 2016 space conference. (ISPCS via YouTube) A stealthy space venture co-founded by the former president of Jeff Bezos’ Blue Origin space venture says it’s raising funds to move ahead with its plan to harvest resources on the moon and bring them back for use on Earth. Former…
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Orbite is raising funds as it gets set to expand training programs for spacefliers
Artwork shows an interior view of Orbite’s Astronaut Training and Spaceflight Gateway Campus, with mockups of a SpaceX Dragon capsule and a Blue Origin New Shepard capsule on display. (Orbite Illustration) Orbite Space, a venture that aims to offer down-to-Earth spaceflight training programs on a “try before you fly” basis, is raising more capital amid…
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Integrate raises $3.4M and wins Space Force contract for management software
An artist’s conception shows the Space Systems Command’s SpaceDEN facility. (U.S. Space Force Illustration) Seattle-based Integrate says it has raised $3.4 million in funding and secured a $1.25 million contract from the U.S. Space Force to boost its program management software platform into a higher orbit. The year-old startup has also brought Firefly Aerospace on…