Space Perspective Lands $17 Million in New Funding

View of the capsule at altitude. (Credit: Space Perspective)

Space Perspective announces new additions to its team of accomplished and dynamic luminaries including the world’s leading SpaceBalloon™ manufacturer, the SpaceX Dragon capsule marine operations lead, the lead for Boeing’s 787 composite fuselage and window system, and an award-winning documentarian

CAPE CANAVERAL, Fla.–(Space Perspective PR) — Space Perspective, Earth’s leading luxury spaceflight experience company, today announced additional financing from a group of investors including Silicon Valley Bank, Trinity Capital, and investor and philanthropist Henry Kravis. The financing brings the company’s total capital raised to date to more than $65 million.

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Good News, Everyone! SSTO is Back!

An artist’s rendering of Radian Aerospace’s fully reusable horizontal takeoff and landing, single-stage to orbit spaceplane flying over Earth. (Credit: Radian Aerospace)
  • Radian Aerospace emerges from stealth, announces seed funding led by Fine Structure Ventures
  • Development of the world’s first fully reusable horizontal takeoff and landing, single-stage to orbit spaceplane takes critical step forward with investment

RENTON, Wash., Jan. 19, 2022 (Radian Aerospace PR) — Radian Aerospace (Radian), the developers of the world’s first fully reusable horizontal takeoff and landing, single-stage to orbit spaceplane, announced today that the company recently closed $27.5 million in seed funding. The recent round was led by Fine Structure Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, with additional investment from EXORThe Venture CollectiveHelios CapitalSpaceFundGaingelsThe Private Shares FundExplorer 1 FundType One Ventures as well as others.

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Sen Appoints Meagan Crawford to its Board of Directors

Meagan Crawford (Credit: Sen)

LONDON (Sen PR) — Sen announces that it has appointed Meagan Crawford, Managing Partner of U.S. venture capital firm SpaceFund, to its Board of Directors. The appointment follows SpaceFund’s investment in Sen’s seed round. Sen raised £3.7M ($5M) during the round which closed in 2021.

Sen’s first satellite, which will capture Ultra High Definition video of Earth, is scheduled to launch from Cape Canaveral Space Force Station this January aboard a SpaceX Falcon 9 rocket.

Charles Black, Founder & CEO of Sen, said “We’re thrilled that Meagan has joined the Board. Meagan’s enthusiasm for Sen, business experience and knowledge of the space sector will be valuable to the Board. Meagan will help support the executive management team in the execution of Sen’s ambitious plans.”

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SpaceFund Invests in Rhea Space Activity for Autonomous Space Navigation Through Cislunar Space and GPS-Denied Environments

Startup Devises Autonomous Navigation Module for Commercial and Military Spacecraft

WASHINGTON, DC, November 03, 2021 (SpaceFund PR) – SpaceFund Inc. announced today that it has invested in the rapidly growing astrophysics start-up company Rhea Space Activity (RSA). SpaceFund’s capital injection into RSA will energize the company’s ongoing development of scientific and engineering infrastructure needed to create a holistic, world-leading Lunar Intelligence (LUNINT) capability as soon as 2024. This capability will yield a vital product for the commercial space sector: the introduction of an autonomous navigation capability that will help the NewSpace ecosystem travel further into the solar system.

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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. 

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SpaceFund Announces Idea-stage Incubator

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.”

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New Managing Partner Joins SpaceFund Investment Team

James Mertz

HOUSTON (SpaceFund PR) — The fast-rising SpaceFund venture capital team announced its newest member today. James Mertz brings a highly successful career in family office, energy, and real estate investing to a team that has already shaken the space investment world with its early successes and thought-leading investment strategies. Mr. Mertz joins Meagan Crawford as a managing partner of the rapidly-growing “BlastOff” fund, where they oversee and manage the fund’s portfolio of leading-edge space technology companies.

“James Mertz is a perfect fit for SpaceFund. He is a quick study, has high integrity, is sharp, hard-working, and has a laser focus on the bottom line and creating value for our investors,” said SpaceFund co-founder and board chair, Rick Tumlinson. “Coming from outside of the space field, he helps us continue to balance our vision with even more rock-solid business acumen.”

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SpaceFund Announces Full Deployment of First Fund

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.”

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AFWERX Announces EngageSpace, Premier Collaboration Event for Space Industry

LAS VEGAS (AFNS) — AFWERX, the U.S. Air Force’s innovation catalyst, announced Sept. 16 that registration is now live for EngageSpace virtual event. Join AFWERX, the U.S. Air Force, the U.S. Space Force and the Space Frontier Foundation for this two-day virtual event on September 29-30.

With its highly interactive format and diverse participants, this event is designed to revolutionize how the space ecosystem works, dismantle the walls between sectors and close the “believability gap” for what’s possible in space.

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SpaceFund Announces New Fund, Investments

SpaceFund had an exciting 4th Quarter and we’re thrilled to announce that our first fund, SpaceFund One, is up and running and has made its’ first three investments: 

Made In Space

First 3D printer in space, additive manufacturing system now used under the ocean and in Antarctica. Manufactures ultra high-quality fiber optics in space.

Axiom

Commercial space station designed to evolve from International Space Station both in technology and customer base/income generation. First systems scheduled to fly 2020, with first paid commercial “spaceflight participants” on the ISS as early as 2021. 

Orbit Fab

Satellite re-fueling, propellant storage and transfer technologies. Flew on International Space Station, demonstrated transfers. Several patented technologies including docking clamp and fill/drain port for satellite refueling. Article from TechCrunch.

Looking Ahead

We’re excited to continue to grow our portfolio in 2020. If you think your company might be a good fit for the SpaceFund portfolio, please submit your information on our website: SpaceFund.com.

SpaceFund Launches the World’s First Space Security Token

SpaceFund Press Release

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.”

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