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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 is negotiating additional deals with a potential combined value of $150,000,000.
The Dawn Mk-II Aurora is a rocket-powered spaceplane demonstrator developed by Dawn Aerospace.
Dawn Aerospace scheduled rocket-powered flight tests of the Mk-II Aurora to begin in the first quarter of 2023.
The latest investment raised Dawn Aerospace’s valuation to 170 million New Zealand dollars ($108,500,000) as of 2022-12-06.
Dawn Aerospace raised $20,000,000 to expand its in-space propulsion products and extend spaceplane development.
Dawn Aerospace won Best Medium Enterprise at the New Zealand International Business Awards.
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.
Dawn Aerospace is developing the Mk-III orbital spaceplane and plans to deliver in-space propulsion products for GEO, lunar, and higher-thrust customers.
The $20,000,000 funding will allow Dawn Aerospace to expand its satellite propulsion systems offering and advance spaceplane development.
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.
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 completed 48 flights of the Mk-II Aurora spaceplane technology demonstrator over the last 13 months.
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 to complete Phase One testing using surrogate jet engines.
Dawn Aerospace received a 200,000 EUR award in early August from the European Space Agency to bolster the performance of its green bi-propellant satellite thrusters.
A Dawn Aerospace flight in New Zealand earlier 2022-08 included a powered flight followed by engine cutoff and a gliding landing to simulate reentry and to test pilotability and energy management.
Dawn Aerospace received a $1,500,000 grant from the New Zealand Ministry of Business, Innovation and Employment on 2022-08-26 to conduct research with the German Space Agency DLR Institute of Combustion Technology.