7 years ago

Oxford Space Systems Secures €7.6 Million to Build Affordable Satellites

  • Oxford Space Systems, a UK-based company specializing in building cost-effective satellites, has raised €7.6 million in funding, bringing its total funding to €11.34 million

  • The funding round was led by Longwall Ventures

  • The company will use the funds to open its new headquarters at the Harwell Space Cluster and further develop its technology, which uses light materials and origami engineering techniques to reduce storage volume

  • Oxford Space Systems claims to hold the record for the fastest time from a company formation to a product successfully deployed on orbit (less than 30 months) with its AstroTube™ boom.

      • ProblemTechnology

      "Launching satellites into orbit is expensive, costing around £30,000 per kilo. This makes it difficult for smaller companies and organisations to access space."

      Solution

      "Oxford Space Systems builds lighter, less complex satellites using origami engineering techniques and innovative materials, reducing the cost of launching satellites into orbit."

      Covered on