NorthStar Earth & Space is a commercial company focused on space-based Space Situational Awareness (SSA) services. They are building a constellation of satellites, called SKYLARK network, to monitor objects in near-Earth orbits and provide services like space object tracking, collision prediction, and navigation assistance. NorthStar partners with organizations like Telespazio, SES, Spire Global, and ExoAnalytic Solutions, and receives funding from Telesystem Space, Luxembourg Future Fund, and the Canadian government. The company aims to deliver precise and timely information for Space Domain Awareness and Space Traffic Management applications.
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Late last year, the Canadian Space Agency awarded NorthStar Earth & Space nearly $1 million to build systems capable of tracking unknown objects using large data sets.
NorthStar Earth & Space is preparing to go public on the New York Stock Exchange through a $300 million merger with Viking Acquisition Corp.
Proceeds from NorthStar Earth & Space’s public listing will fund deployment of a planned 52-satellite constellation.
NorthStar Earth & Space is scaling its infrastructure while it has secured the $40 million Royal Canadian Air Force contract.
The NATO DIANA accelerator program selected NorthStar Earth & Space to develop new ways to fuse space data for military commanders.
The contract connects 3 Canadian Space Division with NorthStar Earth & Space’s network of sensors.
Under the contract, NorthStar Earth & Space will process millions of images and data points to predict how objects behave in orbit.
NorthStar Earth & Space has launched four satellites to date.
The NorthStar-Viking merger includes up to 10 million additional earnout shares tied to NorthStar Earth & Space revenue run-rate targets in 2027 and 2028.
Cartesian partner Beth Michelson joined NorthStar Earth & Space as chief financial officer after the 2023 Series C round.
Cartesian Capital Group previously led NorthStar Earth & Space’s $47 million Series C funding round in early 2023.
NorthStar Earth & Space secured ISED spectrum approvals in 2021 for a planned 52-satellite constellation.
NorthStar Earth & Space will use the financing for proprietary sensor payload capital expenditures, spacecraft integration, and expansion of its data analytics platform.
NorthStar Earth & Space has entered into a definitive business combination agreement with Viking Acquisition Corp. I.
The NorthStar-Viking transaction includes a fully committed $30 million private investment in public equity led by Cartesian Capital Group and other U.S. and Canadian institutional investors.
NorthStar Earth & Space has lead roles in European Space Agency safety consortiums and the ALBATOR debris-removal project.
The merger values NorthStar Earth & Space at a $300 million pre-money valuation.
Stewart Bain and NorthStar Earth & Space’s current executive team will continue to lead the company after the merger closes.
NorthStar Earth & Space has launched its first block of satellites and validated its end-to-end concept of operations.
Proceeds from the NorthStar-Viking merger and the $30 million PIPE are earmarked for hardware and deployment scale-up.