US EditionSpace Forge Raises $30 Million to Develop Satellites for Space-Based Manufacturing
- Welsh startup Space Forge secured $30 million in a Series A funding round spearheaded by the NATO Innovation Fund to support the development of satellites for manufacturing materials in space.
- The funding follows Space Forge's plan to create satellites that produce materials unachievable on Earth by exploiting microgravity, vacuum, and extreme temperature variations.
- Space Forge's ForgeStar-1 satellite will launch in 2025 on a SpaceX rocket from Florida as a demonstration mission, while ForgeStar-2 will be a reusable, returnable platform for scalable manufacturing.
- The company asserts that materials produced in space, leveraging unique conditions like microgravity and vacuum, have the potential to enhance advanced electronics, next-generation computing technologies, sustainable energy solutions, and national security applications, while also possibly lowering carbon dioxide emissions by as much as 75%.
- This investment is expected to accelerate Space Forge's commercial goals and support supply chain resilience, signaling growth in UK space tech and advanced manufacturing sectors.
16 Articles
16 Articles
Space Forge raises $30 million to develop satellites for space-based manufacturing
A British startup focused on manufacturing advanced materials in space has secured $30 million in Series A funding, setting a new record for the country's space technology sector. Called Space Forge, the company plans to use the investment to accelerate the development and launch of satellites designed to produce materials...Read Entire Article
NATO backs Welsh startup building space factory for ‘supermaterials’
Welsh startup Space Forge has raised $30mn to advance its first commercial in-orbit manufacturing satellite, ForgeStar-2. The NATO Innovation Fund led the funding round, the largest Series A financing in UK space tech history. Space Forge’s demonstrator — the ForgeStar-1 — is set to launch from the US on a SpaceX rocket this year. The oven-sized satellite will then harness the conditions of space to produce “supermaterials” that are impossible t…
Space Forge raises £22.6m for space factory
Space Forge in Wales has raised £22.6m ($30m) for its second generation materials factory ahead of the launch of its first. The Series A round is the largest in UK space tech history and was led by the NATO Innovation Fund (NIF), which is backed by all 24 members of NATO. The deal also included […] The post Space Forge raises £22.6m for space factory appeared first on eeNews Europe.
Space Forge Raises £22.6M in Series A Funding
Space Forge, a Cardiff, Wales, UK-based space tech company, raised £22.6M in Series A funding. The round was led by the NATO Innovation Fund, with participation from World Fund, the National Security Strategic Investment Fund (NSSIF) and the British Business Bank through its Regional Angels Programme. Other investors included Innovation Investment Capital Limited Partnership, Gaingels, […] The post Space Forge Raises £22.6M in Series A Funding a…
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