Astranis fully funds Omega with $200 million fundraise
The fundraise will covert the entire Omega program up to the launch of the first next-generation broadband spacecraft in 2026, the geostationary satellite maker announced July 24. The venture has raised $750 million since it was founded in 2015 to provide more cost-effective satellites that, around the size of a dishwasher, are much smaller than classic, school bus-sized geostationary broadband spacecraft.
Star Catcher banks $12.25 million for orbital energy grid
Star Catcher Industries, a startup focused on beaming solar energy to spacecraft in low-Earth orbit, raised the capital in a seed round announced July 24. Star Catcher plans to deliver broad solar spectrum energy on demand to each client spacecraft's solar arrays. Their space-based energy grid is designed to provide spacecraft with five-to-10 times the amount of power they generate on their own.
Rocket engine startup Ursa Major adds 3D printing lab in Ohio
Ursa Major, a rocket propulsion startup based in Colorado, opened a new additive manufacturing research center to produce rocket engine components in Youngstown, Ohio, the company announced July 25. Ursa Major's expansion in Ohio builds upon its existing Advanced Manufacturing Lab, established in 2021 in partnership with America Makes.
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