Startups
Stories about the new players changing the space game.
VC Firm Fortuna Expands into Space Investing
Fortuna Investments is opening a Miami office with the goal of investing in 12 early-stage space startups over the next few years. “I think it’s an incredible time to get involved and allocate capital,” Fortuna founder and CEO Justus Parmar told Payload. “We have a lot of powder dry and are looking for opportunities.” Fortuna…
Exclusive: TRL11 Raises $3M for Space Video
TRL11, a startup aiming to bring advanced video production and monitoring capabilities to the space domain, has raised a $3M pre-seed to scale up its team and production. Boost.VC led the round, which also included participation from Wonder VC, Anorak, Geek Ventures, Space Cadets, and several angel investors, including Launcher founder Max Haot. TRL11 101:…
Stratolaunch Completes Preliminary Hypersonic Vehicle Test
Stratolaunch successfully completed a key step on the way to flying its hypersonic vehicle on Saturday with the separation and landing of its Talon-A test vehicle from the Roc carrier aircraft. Stratolaunch 101 The Mojave, CA-based company was founded in 2011 by late Microsoft cofounder Paul Allen with ambitions to build hypersonic test vehicles. Its…
NUVIEW Emerges from Stealth with 3D Mapping Ambitions
NUVIEW is looking to see the world in a whole new dimension. The Orlando, FL-based startup emerged from stealth this morning with an ambition to map the globe in 3D each year and $1.2B in prospective customer contracts under its belt. The world in 3D: While there’s no shortage of companies supplying optical, hyperspectral, or…
Orbit Fab Closes $28.5M Series A
Orbit Fab announced yesterday that it closed a $28.5M Series A to accelerate bringing its on-orbit refueling depot tech, i.e., gas stations in space, to market. 8090 Industries led the company’s Series A, with participation from Stride Capital, Industrious Ventures, Lockheed Martin Ventures, Tribe Capital, Good Growth Capital, and Massive Capital Partners. At the same…
Slingshot Doubles Sensing Capabilities
Slingshot Aerospace announced this morning that it will add 80 new sensors by the end of the year, doubling its tracking capabilities and getting closer to its goal of building the most comprehensive space tracking network on the planet. The story so far: CEO Melanie Stricklan founded Slingshot in 2017 to tackle the growing need…
Stoke Space Unveils Fusion Tracking Software
Launch company Stoke Space is getting into the software business. This week, the Washington-based startup, whose primary mission is building fully reusable rockets, debuted Fusion, a software platform to track physical hardware from “lightbulb to liftoff,” according to its website. Stoke Space developed Fusion to fill an internal need after “a history of pain all…
Exclusive: Outpost Wins $1.7M DOD Contract for Ferry Platform
Outpost has won a $1.7M DoD contract to help fund development and testing of its Ferry satellite, which can bring payloads safely back to Earth without burning up in the atmosphere. The Direct to Phase II Orbital Prime SBIR contract from SpaceWERX is the startup’s first contract with the Defense Department, Paul Tomko, the director…
Exclusive: Starfish Nets $3M from the DIU
Starfish Space, the Seattle-based startup building vehicles to support a future on-orbit servicing economy, has snagged a $3M contract from National Security Innovation Capital (NSIC), a technology development arm of the Defense Innovation Unit (DIU). The funds will help Starfish push its Nautilus electrostatic adhesive docking and capture mechanism through the next phases of development.…
Starfish Space Raises $14M Series A
Starfish Space, a Seattle-based startup developing satellite servicing spacecraft, has raised a $14M Series A round led by Munich Re Ventures. Toyota Ventures also participated in the round, along with existing investors PSL Ventures, NFX, and MaC VC. Servicing for cheap: Starfish has a grand vision of a future economy in Earth orbit where satellites…
Vast Acquires Launcher to Speed Space Station Development
The race to build commercial space stations is heating up. Yesterday, Vast, a startup that emerged from stealth last September with plans to build stations with artificial gravity, announced that it has acquired space tug company Launcher for an undisclosed amount. TechCrunch first reported the news. Vast’s vision: Jed McCaleb, who made his name and…
Umbra, Maxar Announce SAR-Optical Alliance
Yesterday, Umbra dropped a triple whammy. The Santa Barbara, CA-based startup 1) rebranded, 2) published licensing and pricing details for its SAR imagery, along with sharing some of that imagery for the first time, and 3) announced a key partnership with Maxar. We’ll take this whammy by whammy. #1: The rebrand Umbra’s logo, website, and…
Jiga Raises $4.1M for Manufacturing Procurement Platform
Jiga, a Y Combinator W21 alum operating a manufacturing procurement platform, closed a $4.1M funding round led by Symbol. “The aerospace industry is facing a growing demand for new and innovative products, and it’s crucial that companies have quick access to the right parts and materials to meet this demand,” Jiga CEO Adar Hay told…
