Tag: Space Funding
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UK Puts £62M Into Satellite Comms and Space Innovation
Does the UK’s £62M Space Funding Package Move the Needle? The UK government announced £62 million ($83.4 million) in new space sector funding on Monday, split between satellite communications development and broader space innovation. The headline allocation is £42 million ($56.5 million) for the third funding round of the Connectivity in Low Earth Orbit (LEO)…
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Apex Space Raises $200 Million at $2.3 Billion Valuation to Expand Satellite Manufacturing
Satellite manufacturer Apex Space has secured $200 million in new funding at a valuation of $2.3 billion, as the company accelerates plans to expand production capacity and strengthen its position in the growing space infrastructure market. The funding round was led by Glade Brook Capital Partners, with participation from Washington Harbour Partners and a mix…
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Sierra Space Raises $550 Million Series C at $8 Billion Valuation
U.S. aerospace company Sierra Space said it has raised $550 million in a Series C funding round led by LuminArx Capital, valuing the company at $8 billion. The company said the new funding will help increase production capacity and support expansion beyond its current satellite and spacecraft mission programs. “Sierra Space has sharpened its focus…