Quantum Space Raises $15M

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 infrastructure for a cislunar economy. Quantum was cofounded by Kam Ghaffarian, who also founded IBX, Axiom Space, Intuitive Machines, and X-energy.

The company will deploy this network, QuantumNet, over the next decade until it operates 40+ space vehicles, called Scouts, by the Moon. According to Quantum, each Scout will deliver space domain awareness, weather forecasting, PNT, comms, and edge computing services. 

“Once completely built out over the next decade, QuantumNet is destined to transform the way spacecraft travel between the Earth and the Moon,” Steve Jurczyk, president and CEO of Quantum Space, said in a statement.

QS-1: Quantum’s first mission will launch in October, sending the first Scout to cislunar space. QS-1’s mission objectives are to: 

  1. Reach cislunar space—specifically, the Earth-Moon Lagrange points 1 and 2
  2. Produce space situational awareness (SSA) information using a payload provided by GEOST
  3. Host customer payloads and establish commercial operations
  4. Perform cislunar navigation and autonomous station keeping maneuvers

What’s next? Quantum is using this investment to complete the development of its QS-1 mission and get started on the next batch of satellites. Once the first mission has launched, the company hopes to continue sending Scouts to cislunar space at a regular cadence. The startup also says it will soon announce mission partners for QS-1. 

Related Stories

NorthStar Raises $14.7M Series D

NorthStar Earth and Space, a startup building an in-situ space situational awareness (SSA) constellation out of its home base in Canada, announced yesterday that it clinched a CAD $20M ($14.7M) Series D round. Telesystem Space Inc., the Québec government, and the Luxembourg Future Fund participated.  “NorthStar’s unique space-based services will provide coverage of significant gaps […]


Ursa Major Nabs $138M of Funding 

Rocket propulsion startup Ursa Major has raised $138M of funding this year to develop its recently unveiled Lynx solid rocket motor production process and support its other propulsion programs, the company announced Thursday. 


Q3 Earnings Roundup: AST SpaceMobile, Terran Orbital, Intuitive Machines, Momentus

We’re deep into earnings season, and the space SPACs have been reporting all week. Here’s our roundup of the highlights.


FOSSA Systems Closes Funding Round For IoT Birds

To connect land and ocean, startups are taking to the sky.