Stories about how space companies are raising money to take on next-gen missions.
AE Industrial Partners (AEI) announced on Tuesday that it plans to acquire a majority stake in satellite systems provider York Space Systems. According to a report by CNBC, AEI acquired a 51% stake in a deal that values York at $1.125B, making it the next space “unicorn.” AEI declined to comment on the terms of […]
Time just flies by in the space industry, and we’ve already arrived at the end of the third quarter of 2022. It was a busy quarter, full of major partnership announcements, strides in science, and a jam-packed conference season. Here are the highlights from the last three months in commercial, military, and civil space. July […]
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 […]
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 […]
Last week, Miami-based Countdown Capital announced that it had closed a $15M Fund II. Started in late 2020 by Jai Malik, Countdown backs hard tech startups looking to “rebuild the American industrial base.” The firm invests at the pre-seed stage and often writes the first check. Malik is the founder and a solo GP of […]
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 […]
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 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 […]
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 […]
