Delivering Fuel in Geostationary Orbit, Via the Moon

Credit: Orbit Fab

SAN FRANCISCO, September 24, 2021 (Orbit Fab PR) — Already the leading supplier of refueling ports for satellites, Orbit Fab announced that it will soon be launching the first propellant tanker to geostationary orbit. The company’s second tanker will establish flight heritage on all the elements of the company’s tanker technology, which has been designed for the harshest orbital regimes and for refueling the largest space assets. This announcement comes on the heels of the company’s successful launch of the world’s first Gas Stations in SpaceTM propellant depot last June into a low Earth orbit.

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Orbit Fab Secures Investment from Northrop Grumman and Lockheed Martin to Commercialize On-Orbit Refueling

Tanker 1 satellite. (Credit: Orbit Fab)

Two industry leaders, Northrop Grumman and Lockheed Martin, invest in Orbit Fab for their Gas Stations in SpaceTM end-to-end refueling services using the Rapidly Attachable Fluid Transfer Interface (RAFTI).

SAN FRANCISCO (Orbit Fab PR) — Orbit Fab closed over $10 Million in its most recent financing, bringing its total funding to $17 Million. Alongside Northrop Grumman Corporation (NYSE: NOC) and Lockheed Martin Ventures (NYSE: LMT), Asymmetry Ventures led the round. Existing investor SpaceFund is joined by new investors, Marubeni Ventures and Audacious Venture Partners.

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