Orbital debris removal company Astroscale raises $50 million

Astroscale, a company developing technologies to capture and deorbit space debris, announced Oct. 31 it raised a $50 million Series D round. [Read More]

Summary… * Machine-Made


WASHINGTON — Astroscale, a company developing technologies to capture and deorbit space debris, announced Oct. 31 it raised a $50 million Series D round that brings its total to date to $102 million.
The funding will support scaling up an operations center Astroscale established in the United Kingdom in 2017 that also handles engineering, procurement and business development.
Astroscale was founded in 2013 and has raised four rounds of funding, most recently a $25 million Series C round in July 2017.
“Government officials and the private sector are now ready to support debris removal as a business,” said Nobu Okada, founder and chief executive of Astroscale, in a statement.
Another company, lunar lander developer ispace, raised more than $90 million from Japanese investors last December.

Opinion… * Man-Made


It seems that the next big space mission is not about humans visiting our moon, a passing asteroid or even the next planet from the sun… but all about technologies to capture and deorbit space debris. #Aerospace #Trend

Source: Spacenews_Inc