CivilStartups

Fleet Space Receives $20M Grant for Manufacturing Hub

The Australian government has awarded Fleet Space Technologies, a South Australia-based satellite developer, a $20M grant to build a “space manufacturing hub.” This new grant supplements an AUS $20M (~$15M) grant the company had already received from the government of South Australia, along with a consortium of space companies and investors.

The startup has big ambitions for the Australian space sector, and aims to push the country’s spacefaring capabilities to the next level with increased manufacturing capacity.

New build: Fleet Space has put the total project value for constructing the manufacturing hub, which it’s calling the Hyper Factory, at $66M AUS (~$48M). 

  • The project will reportedly create 221 jobs in the space sector, as well as an additional 1,104 jobs along the supply chain. 
  • The new facility will provide space for designing, building, testing, and launching components for the company’s satellites. 

High on the priority list for construction: Alpha, Fleet Space’s planned broadband smallsat constellation. Alpha satellites will be constructed with additive manufacturing and 3D printing to lower costs.

Global expansion: Last month, Fleet Space announced its plans to expand stateside and establish an office in Houston. The company chose Space City to be close to NASA facilities and resources. This move is part of the company’s larger plan to integrate with the global space economy. 

Related Stories
MilitaryStartupsTechnology

Integrate Wins $25M Space Force Contract

The contract is among the quickest the Space Force has awarded a Phase III contract to a software company.

EuropeInternationalStartups

Arkadia Proves Orbital Propulsion Can Be Green

Arkadia Space received data back from its first mission in space proving that its DARK propulsion system can perform as well as, if not better than, toxic hydrazine equivalents.

BusinessStartupsVC/PE

Impulse Space Raises $300M Series C

Less than four years after its founding, the Series C brings Impulse’s total financing to $525M.

LEOStartups

Apex Unveils Larger Satellite Bus, Dubbed Comet

“From cell phone towers in space for consumer technology [to] unique sensing missions, or as an interceptor platform for Golden Dome, Comet is the clear choice to accelerate the most ambitious space missions,” Apex CEO Ian Cinnamon said in a statement.