Fleet Space Technologies Launches First Phase of Global Expansion by Establishing U.S. Presence

Internet of Things satellite (Credit: Fleet Space Technologies)
  • Fleet Space Technologies rapid growth continues through first international market HQ
  • Houston strategically selected due to proximity to key industries and existing collaboration through NASA’s Artemis programme
  • Global expansion follows an oversubscribed Series B funding round. Further global growth planned
  • Fleet Space Technologies is Australia’s leading space company

HOUSTON (Fleet Space PR) — Fleet Space Technologies, Australia’s leading space company has established its first international HQ in Houston, Texas. This first phase of the company’s ambitious global expansion plans follows institutional affirmation of its vision and proven commercial model in the rapidly growing space industry.

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Fleet Space Technologies Raises $26.4 Million in Series B Round to Fund IoT Nanosat Development

Internet of Things satellite (Credit: Fleet Space Technologies)
  • Fleet Space Technologies attracts $26.4m (USD) investment valuing company at $126m (USD)
  • Series B Round oversubscribed
  • Investment confirms confidence in Fleet Space advanced satellite technology 
  • Tech drives radical Internet of Things (IoT) efficiencies 
  • Investment is firm commitment to Australia’s rapidly emerging space industry  
  • Investment creates 70 new jobs, including many desirable STEM positions 

ADELAIDE, Australia (Fleet Space Technologies PR) — Fleet Space Technologies announces that it has secured $26.4m (USD) in investment, valuing the company at $126 million (USD). This represents a major step forward for Fleet Space Technologies, which is committed to creating the world’s most advanced low-power satellite network, securing planet-wide coverage for millions of compatible Internet of Things (IoT) devices by using its in-house Nanosatellite technology. This funding will underpin significant expansion in Fleet Space’s manufacturing footprint and will expand the company’s highly skilled workforce. 

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