SatVu Pockets $25M for Thermal EO Constellation
Adara Ventures Energy Fund and existing investor Molten Ventures led the round, with further support from NOA, Lockheed Martin, Seraphim, Ridgeline, and Stellar Ventures.
Stories about how space companies are raising money to take on next-gen missions.
Adara Ventures Energy Fund and existing investor Molten Ventures led the round, with further support from NOA, Lockheed Martin, Seraphim, Ridgeline, and Stellar Ventures.
WorldView Legion 3 and 4 are now delivering data to customers.
Inversion plans to use these funds to scale up its operations to deliver a full-scale reentry vehicle on orbit by 2026.
The Exploration Company has $800M in contract backlog from private space station companies.
The sale will allow the Spire to pay off more than $118M in debt and leave it with another $100M on its balance sheet.
The news comes as competing small satellite launchers Astra and Relativity are also seeking new funding for their launch vehicle development programs.
“As the NASA administrator, I had a lot of challenges with traditional Hall thrusters,” Bridenstine told Payload. “When I came across this company that’s doing electric propulsion, they can provide as much thrust and as much efficiency as a traditional hull thruster, but do it with a variety of different fuels, I got excited about it.”
“Hyperspectral is such a buzz word.”
“We wanted to get to market faster than everyone, and we have.”
Both companies are owned by the same private equity firm, Antarctica Capital, which has been influential in finding synergies between the two businesses.