Stories about how space companies are raising money to take on next-gen missions.
2022 was the second largest year of ADG deal-making on record, according to a comprehensive analysis published Wednesday by market intelligence firm HigherGov. BTW…ADG = aerospace, defense, and government, and M&A = mergers and acquisitions. With this one simple trick—using ADG and M&A rather than writing the phrases out in full—we’ve given you seconds of […]
Magnestar, a new startup based in Toronto, has raised a $1.1M pre-seed round to kickstart the development of a platform to help satellite operators predict and avoid potential radiofrequency (RF) interference. 1862 Capital, the Business Development Bank of Canada, BoxOne Ventures, and Entrepreneur First participated in the round. With its platform, Magnestar hopes to give […]
NorthStar Earth and Space, a Canadian startup building a constellation for in-situ space situational awareness (SSA), announced this morning it has closed a $35M Series C. New York-based PE shop Cartesian led the round. The round also included participation from Telesystem Space Inc., the Luxembourg Future Fund, the government of Quebec, and the Luxembourg Space […]
SpaceX is seeking another round of funding. According to emails seen by CNBC, the launch juggernaut is raising $750M in a round led by Andreessen Horowitz (aka a16z), valuing the company at $137B. 2022 was a busy year of fundraising for SpaceX. Last month, Bloomberg reported that SpaceX was offering insiders the opportunity to sell […]
Quantum Space, a startup focused on building an information “superhighway” in cislunar space, announced yesterday that it has raised $15M from Prime Movers Lab, and that it intends to close a Series A by year’s end. QS 101: The Rockville, MD-based startup has set its sights on building a network of satellites to form the […]
This morning, Slingshot Aerospace, an Austin-based space situational awareness startup, announced the closing of a $40.85M Series A-2 round. Cap table: Sway Ventures led the round, with participation from C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, and Draper Associates. In addition to the equity round, Slingshot received a venture loan from […]
The Pentagon is getting into investing. Yesterday, Secretary of Defense Lloyd Austin established a new Office of Strategic Capital (OSC), which aims to give the DoD the ability to work more closely with private capital. Why get into capital markets? Right now, the DoD’s mechanisms for helping new, important technologies hop the “valley of death” […]
SynMax, a satellite data analytics startup specializing in oil, gas and dark ship monitoring, has raised a $6M seed round from a group of existing customers. Bill Perkins, an energy trader and cofounder of SkyFi, and GeoSol Capital LLC participated in the round. What’s the name of the game for SynMax? The Houston startup is […]
3D metal printing is getting a makeover. Rosotics, a Mesa, AZ-based startup designing a more efficient, large-scale 3D printer optimized for the needs of the aerospace industry, announced this morning the closing of a $750,000 pre-seed round. The round was led by Draper Associates with participation from Correlation Ventures, Vibe Capital, and Sequoia Capital. That’s […]
Gravitics, a startup building human-rated space station modules, has closed a $20M funding round to build StarMax, its first product. Type One Ventures led the round, with participation from Draper Associates, FJ Labs, The Venture Collective, Helios Capital, Giant Step Capital, Gaingels, Spectre, Manhattan West, and Mana Ventures. Introducing Gravitics The Seattle-based startup emerged from […]
Despite deteriorating economic conditions on Earth—and plenty of reasons to be bearish on the sector—space tech is set to have a banner year in VC funding. Global venture investment into space startups totals ~$6.2B billion this year, according to a recent PitchBook tally (the data runs through Oct. 24). That’s roughly the same amount as […]
Wyvern has raised $7M in a seed plus round led by Uncork Capital, bringing the hyperspectral startup’s total financing to ~$15M to date. Previous investors MaC Venture Capital and Y Combinator also participated in this round. MaC led Wyvern’s seed round in October 2021; Wyvern also recently graduated from YC’s W22 batch. The Edmonton, Canada […]
