Welcome to this week’s business roundup. In today’s edition: ClearSpace, Stell and Magnestar complete raises; World View is set to become the world’s first space SPAC; CesiumAstro acquires an UK startup; Thales Alenia Space, Spaceflight Inc., Sidus Space announce new business deals; and multiple companies make executive appointments.
HAWTHORNE, CA, May 16, 2022 (Launcher PR) – Launcher, the space logistics company focused on providing access to anywhere in space at the lowest cost, today announced the customers on the first flight of its satellite transfer vehicle and hosted payload platform Orbiter. Orbiter’s first mission, SN1, is scheduled to reach orbit in October 2022 on SpaceX’s Falcon 9 Transporter-6 rideshare launch. Launcher’s customers, spanning academia, startups and established industry leaders, demonstrate the growing demand for orbit transfer and hosted payload services.
AUSTIN, Texas (CesiumAstro PR) — CesiumAstro Inc. (“Cesium” or “Company”), a developer of advanced aerospace communication systems, today announced it has secured $60 million in an oversubscribed Series B funding round, co-led by Airbus Ventures and Forever Ventures, with strategic participation from L3Harris Technologies (NYSE: LHX). Returning investors include Kleiner Perkins, Lavrock Ventures, Franklin Templeton Blackhorse Fund, and HEICO (NYSE: HEI).
CesiumAstro has raised nearly $90 million in capital since its founding in 2017. With this latest financing, Cesium will accelerate the growth of its core research, development, and rapid manufacturing capabilities, and expand its facilities both domestically and abroad.
AUSTIN, Texas (CesiumAstro PR)– CesiumAstro, Inc., pioneer of “out-of-the-box” high-performance multi-beam active phased array communication systems for space and airborne platforms, has announced the closing of a $12.4 million Series A funding round led by Airbus Ventures.
Additional investors in the round include Kleiner Perkins, Franklin Templeton Venture Fund, Lavrock Ventures, Honeywell Ventures, and Analog Devices Ventures. Funds will be used to scale the team and expand the development of a wide range of frequency offerings and system configurations to meet the growing demand for affordable, high-throughput aerospace plug-and-play communications systems.