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Quantum Space received a $15,000,000 investment from Prime Movers Lab.
The $15,000,000 investment allows Quantum Space to move forward with plans to launch the QS-1 mission in October 2024 to place the first Scout into cislunar space.
Quantum Space will launch additional Scouts regularly after QS-1 to build out QuantumNet.
The $15,000,000 investment enables Quantum Space to begin expansion of QuantumNet, a project to provide data products and digital services for customers from cislunar space.
Quantum Space plans to close its Series A round of funding by the end of 2022.
Quantum Space will use the funding to advance its data platform and customer software for cislunar services.
The $15,000,000 investment from Prime Movers Lab enables Quantum Space to start expansion of QuantumNet.
Prime Movers Lab, a U.S.-based venture capital firm, invested $15,000,000 in Quantum Space.
Quantum Space will announce additional mission partners, including launch services and commercial ground station providers, for its first mission to cislunar space in October 2024.
The $15,000,000 investment funds Quantum Space’s plan to launch the QS-1 mission in October 2024 to place the first Scout into cislunar space.
Quantum Space will launch additional Scouts regularly after QS-1 to build out QuantumNet.
Quantum Space will use the funding to develop a new Integration & Test facility and a Mission Operations Center.
Quantum Space plans to begin delivering four Scouts per year via the Ranger vehicle starting in late 2025 to locations including Lagrange points.
Two other investors are expected to provide about $1,000,000 each to complete Quantum Space’s Series A round.
Prime Movers Lab invested $15,000,000 in a Series A round in Quantum Space.
Quantum Space raised $15,000,000 to further development of the first satellite in a cislunar services constellation.
QS-1 is the first spacecraft in QuantumNet, a constellation Quantum Space intends to develop in cislunar space (xGEO).
Quantum Space has 20 employees and plans to hire 12 more employees by the first quarter of next year.
Quantum Space projects having more than 40 Scout spacecraft in service throughout cislunar space by 2032.
QS-1 will operate primarily around the Earth-Moon Lagrange Points EM-L1 and EM-L2 to establish commercial operations for Quantum Space.