E-Space Announces Largest Space Seed Round Ever to Democratize Space with Sustainable Satellites and Reduce Orbital Debris

  • $50M investment led by Prime Movers Lab will build the most sustainable satellite network in history and power a new era of space-based applications
  • E-Space is founded by industry pioneer Greg Wyler, who established both O3b Networks and OneWeb

STUART, Fla., and TOULOUSE, France, Feb. 7, 2022 (E-Space PR) – E-Space today announced it has closed the largest seed funding round in space technology history with a $50 million investment led by Prime Movers Lab.

E-Space is pioneering a new network, with filings in hand for potentially over one hundred thousand secure communication satellites, to help businesses and governments access the power of space to solve problems on Earth. Created by industry pioneer Greg Wyler, who previously founded both O3b Networks and OneWeb, E-Space is enabling a new generation of space-based communications capabilities. In a world where satellites are becoming space polluters, the new E-Space systems have the double bottom line of sustainability as they will eventually actively and sacrificially capture and deorbit small debris in space while performing their function as communications satellites.


Space Perspective Raises $40 Million Series A Round to Expand High Altitude Balloon Travel

View of the capsule at altitude. (Credit: Space Perspective)
  • Largest Venture Funding Round in History for a Human SpaceBalloon™ Company
  • Additional Funding from LightShed Ventures, Explorer 1 Fund and Others Propels Launch of Commercial SpaceBalloon™ Flights to the Edge of Space by Late 2024

CAPE CANAVERAL, Fla. (Space Perspective PR) – Space Perspective, the Earth’s leading luxury spaceflight experience company, today announced a $40 million Series A financing round led by deep-technology VC firm Prime Movers Lab with additional participation from existing and new investors. The new injection of capital marks the first time a human SpaceBalloon company has raised this level of investment. To date, Space Perspective has raised a total of $48 million in funding, advancing the company to the phase of fulfilling commercial SpaceBalloon flights from late 2024 and beyond.