Defense Drives EU Space Funding to Record Highs
Grab a bucket. It’s raining cash in Europe.
VC/PE
Stories about how space companies are raising money to take on next-gen missions.
Muon Hauls in $44.5M for Series B Extension
“It’s dramatically scaling up our ability to build.”
Aethero Raises $8.4M for Space Computers
Kindred led the round, which included Neo, Giant Step Capital, O’Shaughnessy Ventures and Alumni Ventures.
Impulse Space Raises $300M Series C
Less than four years after its founding, the Series C brings Impulse’s total financing to $525M.
EnduroSat Raises €43M to Scale Production, Boost US Presence
Bulgarian space startup EnduroSat has raised €43M ($48.8M) to ramp up production of a new, bigger ESPA-class sat.
Astrolight Raises €2.8M For Laser Comms Tech
Balnord led the round, which was announced on Thursday. It also included participation from the Export and Investment Fund of Denmark, Coinvest Capital, 3NGLS, and Rita Sakus.
PiLogic Raises $4M Seed Round For Faster Inference
A space-friendly flavor of AI could help satellites diagnose themselves on orbit.
mPower Technology Raises $21M Series B
Space solar power startup mPower Technology closed a $21M Series B to help scale production of its solar modules.
True Anomaly Raises $260M Series C
While the company has only sent three of its Jackal satellites to LEO so far, its goal is to take on higher and higher orbits with Jackal missions to GEO and cislunar space as soon as next year.
Apex Raises $200M Series C
“Demand has increased more than production capacity has,” CEO Ian Cinnamon told Payload. “This allows us to vertically integrate faster, and buy more parts ahead of time and stock inventory.”
Lockheed Martin Invests $2M in Farcast
Farcast’s technology aims to increase the US military’s satcom connectivity, especially for highly mobile troops. The company’s main competitive advantage, however, may lie in its high-quality user terminals produced at low cost.
Northwood Raises $30M Series A
Alpine Space Ventures and a16z led the round, which also included participation from Also Capital, Founders Fund, and Stepstone.