SAN FRANCISCO (Orbit Fab PR) — Orbit Fab, the Gas Stations in Space company, announced that it has raised a seed extension round led by Munich Re Ventures, the strategic corporate venture capital arm of Munich Re Group, one of the world’s leading providers of reinsurance, primary insurance, and insurance-related risk solutions.
The funding will help Orbit Fab achieve its vision of an in-orbit ecosystem for satellite servicing, national security, and space commercialization. Orbit Fab recently announced that it will launch its first fuel tanker, Tanker 001 Tenzing, in the coming year.
Navy officials in Hawaii have begun preparations for the debut of a new small satellite launcher by requesting the expansion of a danger zone around the Pacific Missile Range Facility (PMRF) on Kauai, The Garden Islandreports.
If approved, the danger zone fronting PMRF would roughly triple in size, encompass about 7 miles of coastline — from Barking Sands to Kokole Point — and extend between 2.96 and 4.19 nautical miles out to sea.
SpaceWorks Enterprise has released an update to its nano- and micro-satellite market analysis study that indicates that between 121 to 188 spacecraft weighing 1-50 kg will need to be launched in 2020. This is a significant increase from the 33 satellites launched last year.
“The Nano/Microsatellite Market Assessment by SpaceWorks shows that nano/microsatellite launches have grown by an average of 8.6% per year since 2000, with an expected 16.8% growth per year over the next 7 years (2013-2020),” according to a SpaceWorks press release.
The U.S. Air Force’s Office of Operationally Responsive Space (ORS) has teamed up with the University of Hawaii and Aerojet to develop a new small-sat launch vehicle that will make its maiden flight later this year from a missile range on Kauai.
The rail-launched Spaceborne Payload Assist Rocket Kauai (SPARK, a.k.a., Super Strypi) will be capable of launching small satellites and CubeSats into low Earth and sun synchronous orbits at a low cost. The objective is to place 250 kg. (551 lb.) payloads into a 400-km (249 mile) sun-synchronous orbit from Kauai.