Startups
Stories about the new players changing the space game.
Starburst Launches Early-Stage Fund
Starburst Ventures is launching a new early-stage fund, the company announced yesterday. The company’s new venture arm is focusing its first investments in pre-seed and seed stage startups in aerospace, defense, and aviation. Starburst 101: Starburst began its accelerator program in 2015. The face of the aerospace industry has changed a lot since then, and…
Crowdfunding Platform’s SpaceX “Petition” Passes $11M in Pledges
Spaced Ventures is waging a longshot bid to amass retail investors and petition SpaceX to raise a community round. In under a week, the space crowdfunding investment platform has passed $11M in pledges from users. The tally includes pledges from both unaccredited and accredited investors. Spaced Ventures’ MO is opening up space private markets to…
SkyFi Launches App in Beta, Tops Off Seed Round
SkyFi has a very ambitious vision: making satellite imagery available and accessible for the masses. But before it can even dream about widespread EO democratization, the Austin, TX startup must develop a clean, consumerized experience, with a web portal and mobile app that support a marketplace for imagery, data, and analytics. To that end, SkyFi…
TechStars LA Announces September Cohort
TechStars LA has announced its September cohort. This year, seven of the twelve total companies joining the startup accelerator hail from aerospace. TechStars: The startup accelerator began in 2019 with the vision of connecting the innovative technology developing as part of the growing new aerospace industry in LA with the DoD. “I saw an opportunity…
A Q+A with Albedo’s Topher Haddad
Albedo Space recently announced that it has closed a $48M Series A round, co-led by Breakthrough Energy Ventures and Shield Capital. The startup also has other heavyweights on its cap table, such as Y Combinator, Initialized Capital, and Joe Montana. (Happy NFL Kickoff day to all who celebrate.) Albedo’s spiel The Austin- and Denver-based startup…
Albedo (YC W21) Raises $48 Million
Albedo has announced a $48M Series A raise, in a round co-led by Bill Gates-founded Breakthrough Energy Ventures and Silicon Valley-based Shield Capital. The Austin- and Denver-HQ’d satellite startup has now raised $58M, less than two years since its founding. Complementing Albedo’s big ol’ round is a padded out cap table. The startup is a…
Skyroot Aerospace Raises $51M Series B
Skyroot Aerospace has raised $51M in a Series B round led by GIC, a global investment firm based in Singapore. This is the largest funding round in the Indian private space sector to date. The company raised an $11M Series A in 2021. The launch startup is developing India’s first private launch vehicle and was…
Orbit Fab Announces In-Space Refueling Prices
Prices at the pump may have cooled off and started coming down here on Earth, but topping off the tank in geostationary (GEO) orbit will still cost you a pretty penny. How much? Orbit Fab has announced a flat rate price of $20M for hydrazine fill-ups in GEO, which it aims to start in 2025.…
Yuri Hitches a Ride on Dream Chaser
yuri’s ScienceTaxi will fly to the ISS on Sierra Space’s Dream Chaser in 2024, the companies recently announced. Confused? OK, OK…we’ll break it down piece by piece. Founded in 2019, yuri (the lower-case Y being the company’s preference) is developing the ScienceTaxi incubator for cost-effective access to microgravity research opportunities. The German space biotech startup…
Starlink Mobile Play “Validates” Lynk’s Strategy, Says CEO
If you thought that T-Mobile and SpaceX’s Thursday announcement would scare the H-E-🏒🏒 out of other players working on direct-to-phone connectivity from space, think again. AST SpaceMobile ($ASTS) execs welcomed the extra attention on their business brought by the T-Mobile/SpaceX technology partnership. So too did Lynk Global, a Virginia startup putting “cell towers in space”…
DARPA Awards SpaceLink Phase 1 Space-BACN Contract
DARPA, the Pentagon’s high-risk, high-reward R&D arm, has its mind on laser links. The agency is specifically working to develop an interconnected network of links for speedy and secure communications between military, civilian, and commercial space assets. The DARPA program, known as the Space-Based Adaptive Communications Node (Space-BACN), recently announced 11 Phase 1 awardees. Space-BACN:…
Kayhan Unveils Pathfinder Pro STM Platform
Earlier this week, space safety company Kayhan Space launched the next tier of its space traffic management (STM) platform, Pathfinder Pro. Kayhan’s ultimate goal is to fully automate all collision avoidance maneuvers in orbit, cofounder and CTO Araz Feyzi told Payload. LEO, in particular, is poised to get a lot more crowded over the coming…
Capella Space Unveils Next-Gen “Acadia” SAR Satellite
San Francisco-based Capella Space has announced Acadia, its next generation of synthetic aperture radar (SAR) satellites. Capella’s SAR satellites can see through clouds and provide all-weather, 24/7 imaging. The startup primarily serves defense and intelligence customers. Backstory: Capella launched Denali, a backpack-sized SAR satellite, in late 2018. Next came the 100-kg. Sequoia in Aug. 2020.…
