4 years ago

Space Forge Secures Seed Funding to Develop Reusable Satellite

  • Bristol-based space tech startup Space Forge has raised seed funding to develop a low-cost, reusable space satellite

  • The funding round was led by Type One Ventures and Space Fund, with participation from several other investors

  • The company is building a dedicated manufacturing platform called ForgeStars, which will enable high-cadence operations that are scalable to hundreds of kilograms without the need for astronauts

  • Space Forge's technology has applications in medicine, technology, and material science.

      • ProblemTechnology

      "Space manufacturing is expensive and inefficient, with limited access to the unique conditions of space, such as weightlessness, vacuum, and absolute zero temperatures. This limits the development of novel materials and products that could benefit from these conditions."

      Solution

      "Space Forge is building a reusable satellite platform called ForgeStars that enables high-cadence, scalable manufacturing in space. This platform allows for the production of materials and products that require the unique conditions of space, and then returns them to Earth through a custom-made heatshield, landing in water. This approach eliminates the need for astronauts and existing infrastructure like the ISS, making space manufacturing more accessible and cost-effective."

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