TRAVERSE CITY, Mich., August 31, 2021 (SpaceFund PR) — SpaceFund, a world-leading space venture capital firm, announced today at the North American Space Summit, the formation of its SpaceFund Labs idea incubator. The goal of this new division of SpaceFund is to capture and turn exciting ideas into funded businesses by creating a unique incubation plan for each idea that is accepted into the program.
“SpaceFund Labs is about discovering and nurturing the most brilliant ideas in AI, biotech, fintech, materials science, quantum mechanics and more to enhance humanity’s future in space,” said Meagan Crawford, co-founder and managing partner of SpaceFund. “SpaceFund Labs will take the best ideas that apply to space and turn them into profitable businesses.”
HOUSTON (SpaceFund PR) — SpaceFund Inc., announced it has fully deployed investments from its first “LaunchPad” fund today. The venture capital firm placed investor funds in 14 companies, including both some well-known NewSpace stars, as well as seeding rising stars it believes capable of helping lead humanity into the frontier of space.
“We’re right on track in our plan to seed and support the growth of these amazing companies,” said SpaceFund founder Rick Tumlinson. “Our formula is working. First we find brilliant frontier tech startups in need of early funding, then we bring in funds from visionary investors, and after significant diligence, we place those funds in just the right places to power the space revolution.”
HOUSTON (SpaceFund PR) — SpaceFund announced it has reached and surpassed the planned first close of $5 million for its $20 million BlastOff Fund today. The Houston and Austin-based company says commitments to the fund have reached $9 million as of Monday morning.
“We are thrilled to see how many investors are placing their trust in our team,” said SpaceFund founder Rick Tumlinson. “We spent a lot of time slowly and carefully developing our processes and credibility, so we can better serve both investors and the amazing space startup community, and it’s paying off.”
The world’s first space security token was announced today at the Crypto Summit, by SpaceFund Inc., a Texas based venture capital firm focused on using new blockchain technology to fund ‘frontier enabling’ space technology startups.
“SpaceFund’s goal is to support the development and profitability of amazing new space startups around the world,” said Rick Tumlinson, founding partner of SpaceFund, co-founder of several leading space initiatives, and space industry thought leader. “With Jeff Bezos, Elon Musk, and others investing billions into a space economic infrastructure, a revolution is underway in space. We want to allow more visionary people to get involved, to support the entrepreneurs opening space to humanity, and to share in the wealth it will create. This offering is both a giant leap and a first step in that direction.”
MOFFETT FIELD, Calif. (NASA PR) — Deep Space Industries is excited to announce that Bill Miller will be joining the company as chief executive officer to position DSI for rapid growth in the coming years. With an impeccable track record of growing technology companies, Bill brings game-changing approaches, solutions, and perspectives to DSI through his experience in defining, developing, and delivering results for dynamic organizations.
“Bill is a proven difference-maker and change agent who knows how to deliver solutions by crafting a vision and executing strategy that leads to concrete results,” said Rick Tumlinson, DSI’s chair of the board of DSI. “He brings the exact type of leadership and experience that will be instrumental to the growth of DSI in the coming years.”
MOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries announced today its plans to fly the world’s first commercial interplanetary mining mission. Prospector-1™ will fly to and rendezvous with a near-Earth asteroid, and investigate the object to determine its value as a source of space resources. This mission is an important step in the company’s plans to harvest and supply in-space resources to support the growing space economy.
MOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries (DSI) congratulates Luxembourg’s Economic Ministry on their announcement today that they will be actively pursuing space resource utilization. Spaceresources.lu is a government-sponsored initiative, planning the exploration, use, and commercialization of valuable minerals and other resources from Near Earth Objects (NEOs), like asteroids. Luxembourg’s Spaceresources.lu initiative – to be conducted in cooperation with commercial partners – is destined to facilitate and support the creation of an entire new space industry.
LUXEMBOURG CITY (Luxembourg Government PR) — The Luxembourg Government announced a series of measures to position Luxembourg as a European hub in the exploration and use of space resources. Amongst the key steps undertaken, as part of the spaceresources.lu initiative, will be the development of a legal and regulatory framework confirming certainty about the future ownership of minerals extracted in space from Near Earth Objects (NEO’s) such as asteroids.
MOFFETT FIELD, Calif. (DSI PR) — On Friday, November 20, 2015, Rick Tumlinson was awarded the World Technology Award by the World Technology Network (“The WTN”) – a global community comprised of the most innovative people and organizations at the forefront of science and technology and related fields. Mr. Tumlinson was awarded this prestigious honor for his work at Deep Space Industries in the development of an industrial economy in space.
MOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries (DSI) congratulates the members of the United States Senate for passing legislation that significantly advances the cause of opening space resources to humanity. Title IV of S.1297, also referred to as the U.S. Commercial Space Launch Competitive Act of 2015, promotes the right of U.S. citizens to engage in commercial exploration for, and commercial recovery of, space resources in accordance with international obligations and subject to supervision by the U.S. government.
“We are pleased to see the beginnings of legal clarity in the field of space resource utilization,” said Rick Tumlinson, Chair of Deep Space Industries. “This bill is a historic step forward and demonstrates that Congress can effectively and quickly pass legislation that is important to the country’s economic future. The hard-working legislators and their staff on Capitol Hill are to be commended.”
MOFFETT FIELD, Calif. (DSI PR) — Deep Space Industries (DSI) announced today that renowned spacecraft designer and engineer Grant Bonin will be joining the company in the role of Chief Engineer. Mr. Bonin has 11 successful spacecraft in Earth orbit and will now drive the company’s ramp up to its first asteroid missions.
“It’s go time!” exclaimed Rick Tumlinson, Chair of Deep Space Industries. “We have the vision, the goal and core plan. With Grant, we now have the full leadership team to execute and succeed. This is the first in a series of exciting announcements you’ll see from DSI in the coming year. On our current growth path and timetable DSI’s spacecraft will be flying out to an asteroid before 2020.”
Houston, TX – December 1, 2014. Deep Space Industries and Solid Prototype Inc. today announced a strategic partnership to revolutionize spacecraft design and production through Solid Prototype’s 3D printing services, targeted at reducing fabrication costs, speeding turnaround times for new designs, and eliminating mass from spacecraft structures.
With human flights beyond Earth orbit not expected to occur for at least eight years, the private sector is increasingly eying deep space for a series of ambitious robotic and human missions for both adventure and profit.
Nine programs are currently underway that include robotic and human landings of the moon, human flybys of the moon and Mars, the mining of the moon and asteroids, and even a settlement on Mars. Backers of these initiatives include the X Prize Foundation, Google and its executives, and the world’s first space tourist, Dennis Tito.
HOUSTON, TX, February 20 (DSI PR) — Deep Space Industries announced that astronomer and asteroid expert Dr. John Lewis will assume the role of Chief Scientist for the firm, whose goal is the exploration, harvesting and processing of space resources, such as asteroids. Author of such seminal works in the field as the books “Rain of Iron and Ice” and “Mining the Sky,” Dr. Lewis is considered to be one of the the world’s pre-eminent asteroid experts.
“We are thrilled that John decided to join us in our quest to harvest space resources,” said Deep Space Chairman Rick Tumlinson. “He has been a hero and mentor of mine and the whole team. Having such a vote of confidence from the guy who literally wrote the books on the subject means a lot to us, our investors and potential customers, let alone the wisdom and knowledge he brings to the table.”
SANTA MONICA, CALIF. (DSI PR) — Deep Space Industries announced today that it will send a fleet of asteroid-prospecting spacecraft out into the solar system to hunt for resources to accelerate space development to benefit Earth. These “FireFly” spacecraft utilize low-cost cubesat components and get discounted delivery to space by ride-sharing on the launch of larger communications satellites. (more…)