Orbit Fab is a pioneering space startup, with a vision to establish a robust in-space market for products and services catering to a wide array of industries - from traditional space businesses such as communications and Earth observation to emerging sectors like space tourism, manufacturing, and mining. The company's flagship offering involves providing satellite refueling services for Low Earth Orbit (LEO), Geostationary Orbit (GEO), and cislunar space, a concept aptly encapsulated by their slogan "Gas Stations in Space™." This endeavor seeks to revolutionize the operational potential of space assets and offer unprecedented flexibility to satellite owners, transcending the limitations imposed by the initial propellant load at the time of launch. Founded in 2018 and headquartered in the United States, Orbit Fab has been making substantial strides in its quest to transform the space industry. In July 22, 2024, the company secured a noteworthy £1.30M grant investment from the UK Space Agency, underscoring its resonance with international stakeholders. This backing not only bolsters Orbit Fab's financial standing but also signifies the endorsement and support from a key player in the global space arena, further accentuating the company's potential and credibility within the industry. This strategic investment is indicative of the growing recognition and confidence in Orbit Fab's innovative approach and the significant role it is poised to play in unfolding the future of space exploration and utilization.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | £1.30M | 1 | UK Space Agency | 22 Jul 2024 |
Series A | $28.50M | 10 | Northrop Grumman Corporation, Jackson Moses | 18 Apr 2023 |
Venture Round | Unknown | 1 | 25 Oct 2022 | |
Venture Round | $10.00M | 7 | Northrop Grumman Corporation, Marubeni +1 | 07 Sep 2021 |
Convertible Note | Unknown | 4 | MiLA Capital (Make in LA) | 17 Dec 2020 |