Dawn Aerospace is a space transportation company focused on providing sustainable and scalable access to space. They are known for developing green propulsion technology and reusable spaceplanes, including the Mk-II Aurora suborbital spaceplane. Dawn supplies propulsion systems globally and aims to reduce the costs associated with satellite launches, with hardware already flying on missions launched by SpaceX, Soyuz and Vega. The company has operations in New Zealand, the Netherlands, and the United States.
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Dawn Aerospace has been designing and building the Mk-II Aurora spaceplane since 2018.
Dawn Aerospace completed 48 test flights using jet engines that validated all non-rocket systems of the Mk-II Aurora.
The funding will support Dawn Aerospace’s development of a new orbital spaceplane and thrusters for satellites operating in geostationary and lunar orbit.
Dawn Aerospace closed deals valued at $22,000,000 in 2022.
The Dawn Mk-II Aurora is a rocket-powered spaceplane demonstrator developed by Dawn Aerospace.
Dawn Aerospace raised $20,000,000 to expand its in-space propulsion products and extend spaceplane development.
Dawn Aerospace’s work has been funded by revenue from its satellite propulsion business and grants from government agencies including the New Zealand Ministry of Business, Innovation and Employment and the European Space Agency.
The latest investment raised Dawn Aerospace’s valuation to 170 million New Zealand dollars ($108,500,000) as of 2022-12-06.
Dawn Aerospace scheduled rocket-powered flight tests of the Mk-II Aurora to begin in the first quarter of 2023.
Dawn Aerospace has raised a total of $21,200,000 since the company was established in Christchurch in 2017.
Dawn Aerospace is negotiating additional deals with a potential combined value of $150,000,000.
Dawn Aerospace is developing the Mk-III orbital spaceplane and plans to deliver in-space propulsion products for GEO, lunar, and higher-thrust customers.
Icehouse Ventures, GD1, and Movac provided a $20,000,000 funding backing for Dawn Aerospace.
Dawn Aerospace closed $22,000,000 of deals in 2022 and has about $150,000,000 of deals in negotiation.
The $20,000,000 funding will allow Dawn Aerospace to expand its satellite propulsion systems offering and advance spaceplane development.
Sidus Space, Inc. (NASDAQ: SIDU) signed an agreement with Dawn Aerospace to implement Dawn’s green chemical propulsion technology into Sidus Space’s LizzieSat™ smallsat.
Dawn Aerospace has provided in-space propulsion products used to propel satellites to customers globally since 2019.
Dawn Aerospace is active in reusable launch vehicle development and operates an active test flight program of the Mk-II Aurora spaceplane demonstrator with more than 30 flights completed.
Dawn Aerospace projects that rapid reusability will reduce spaceflight costs by 90 percent.
Dawn Aerospace completed 48 flights of the Mk-II Aurora spaceplane technology demonstrator over the last 13 months.