Stories about how space companies are raising money to take on next-gen missions.
Atlas Space Operations has raised a $26M Series B led by Mitsui. The ground-software-as-a-service provider is turning its attention to growth. Atlas 101: Though the Michigan-based startup provides service from a network of 13 ground stations across the globe, its key value lies in its software, CEO Sean McDaniel told Payload. “We solve the hard […]
Xona Space Systems, a San Mateo, CA-based startup building a GPS alternative in LEO, has raised an funding round. First Spark Ventures led the round, with participation from a range of new and existing investors, including Lockheed Martin Ventures. Xona now raised $25M+ to date, putting this round somewhere around $15M based on previous fundraising […]
It’s been a rough start to the year for startup financing. In fact, Q2 saw the largest quarterly drop in venture funding in a decade. Higher-than-expected inflation growth, rising interest rates, and an energy crisis in Europe continue to threaten institutional capital deployment. VC-backed public listings reached a 13-year quarterly low, with eight completed this […]
Ed. Note: This is a vastly abridged version of Payload’s “Secret Monthly Newsletter” that you can unlock by referring just one new subscriber! This month’s newsletter included access to a larger macro presentation that includes this—and much more. In less than a week, the June CPI (Consumer Price Index, an index that tracks the price […]
There’s a new space technology specialist fund in town. Today, Stellar Ventures announced the close of $23M in committed capital for SV Andromeda Fund LP, its first fund. Stellar Ventures may ring a bell for seasoned space hands. It sounds like Stellar Solutions, an aerospace engineering company, and that’s no coincidence. Celeste Ford started both […]
We’ve made it halfway through 2022. The year has flown by, but it’s been filled with big news and firsts for the space industry. Here’s our recap of the off-Earth goings-on during these last six months. Q1 The year started off with a bang as JWST unfolded successfully, reached its new home a million miles […]
AstroForge, an asteroid-mining startup and Y Combinator alum, has raised a $13M seed round led by Initialized Capital, with participation from Seven Seven Six, EarthRise, Aera VC, Liquid 2, and Soma. AstroForge 101: Cofounders Matt Gialich and Jose Acain hail from Virgin Orbit and SpaceX, where they embraced a high-risk, fail-fast Silicon Valley mindset. The […]
A sudden rush of capital is flowing into a sector that, until recently, seemed stagnant: independent propulsion providers. Last week, Firehawk Aerospace, Adranos, and X-Bow Systems, each horizontally integrated propulsion systems developers, announced Series A rounds totaling at least $47M. Firehawk Aerospace Last week, Firehawk announced that it had received a Series A investment from […]
AI startup Synthetaic has closed a $13M Series A, the Delafield, WI-based company announced this morning. Lupa Systems led the round, with TitleTown Tech, Betaworks, Booz Allen Hamilton, and Esri also participating. Synthetaic has raised $17.5M to date. AI’s “data problem” Labeled data is a must for most state-of-the-art models. In a world where scale […]
Slingshot Aerospace, an Austin-based space situational awareness company, has raised a $25M Series A-1, co-led by Draper Associates and ATX Venture Partners. Edison Partners, Embedded Ventures, Valor Equity Partners, and Lockheed Martin Ventures also participated in the round. The company had raised a $9.6M Series A in October 2020, which brings the total Series A […]
CesiumAstro has raised a $60M Series B, the company announced this morning. Airbus Ventures and Forever Ventures co-led the round, with L3 Harris also making a strategic investment. Previous investors, including Kleiner Perkins, Lavrock Ventures, Franklin Templeton Blackhorse Fund, and HEICO, also participated in the round. CesiumAstro 101: The startup’s core product is its steerable, […]
Belgium-based geospatial analytics startup Aerospacelab announced it has raised a 40M Euro (~$45.5M) Series B co-led by Airbus Ventures and XAnge. Octave & Miroslaw Klaba, SRIW, Noshaq, BNP Paribas Private Equity, Sambrinvest, and Belaero also participated in the round. Aerospacelab 101: Founded in 2018, Aerospacelab is already no small operation, with two offices and 110+ full time employees. The business centers […]
