Luxembourg Invests in NorthStar Earth & Space That Establishes its European Headquarters in Grand Duchy to Support Sustainable Space Activities

LUXEMBOURG, DECEMBER 17, 2021 (NorthStar Earth & Space PR) – The Luxembourg Future Fund (LFF) will be investing in NorthStar Earth & Space. The investment is building on the announcement made in December 2019 of a partnership between Luxembourg’s Ministry of the Economy and the Canadian-based company.

For nearly four decades, Luxembourg has been at the forefront of commercial and co-operative initiatives that have shaped a vibrant space economy by attracting ground-breaking companies in this sector. NorthStar is the first commercial service aiming at monitoring space, from space, via a constellation of satellites with dedicated optical sensors to deliver timely and precise Space Traffic Data, Collision Avoidance and Navigation Services. Monitoring of space objects has, so far, mainly been done using ground-based data. This method gives information on the distribution of space objects but has limitations when it comes to small objects, which can also cause serious damages due to their velocity.

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ICEYE Raises $87 Million Series C Round to Expand Radar Imaging Services

Helsinki, FINLAND – September 22, 2020 – ICEYE, a World-leading SAR data provider, today announced the closing of a larger than planned $87M Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.

ICEYE has so far successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World. To date, ICEYE has raised a total of $152M in financing.

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