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Astroscale closed a Series F funding round with additional funding of U.S. $109,000,000.
The Active Debris Removal by Astroscale-Japan (ADRAS-J) spacecraft was selected by the Japan Aerospace Exploration Agency for Phase I of its Commercial Removal of Debris Demonstration Project and will enter the assembly phase in early 2022.
The Series F funding round is the largest funding round in Astroscale’s history and brings the company’s total amount raised to U.S. $300,000,000.
Astroscale’s Series F is the largest funding round in the company’s history and brings the total amount the company has raised to U.S. $300,000,000.
Astroscale closed its Series F funding round with additional funding of U.S. $109,000,000 from a group of new investors led by THE FUND Limited Partnership in Japan.
Astroscale plans to expand regional facilities for mass production in Japan, the United Kingdom, and the United States using Series F funding.
Astroscale and Virgin Orbit entered a partnership on 2024-11-17 to examine cooperation in space sustainability, including the potential to launch as many as 10 Astroscale missions on Virgin Orbit’s LauncherOne over the next decade and to study a future joint satellite servicing mission.
With the latest funding round, Astroscale has raised a total of $300,000,000.
Astroscale plans to use the additional U.S. $109,000,000 to accelerate on-orbit services technology development, facility expansion, and global hiring.
The Active Debris Removal by Astroscale-Japan (ADRAS-J) spacecraft, selected by the Japan Aerospace Exploration Agency for Phase I of its Commercial Removal of Debris Demonstration Project, will enter the assembly phase in early 2022.
Astroscale is preparing for the ELSA-d “capture without tumbling” phase, which is expected to be completed by the end of the 2021 calendar year.
Astroscale’s Series F round is the largest funding round raised to date by the Tokyo-based company.
The End-of-Life Services by Astroscale demonstration (ELSA-d) mission completed its first technical demonstration in orbit in August 2021.
Astroscale won a contract from the U.K. Space Agency in October 2024 to study deorbiting two defunct British satellites, including a possible OneWeb satellite that failed in 2023.
Astroscale’s global headcount reached approximately 250 team members after the post-October 2020 growth.
Astroscale closed its Series F round with additional funding of U.S. $109,000,000 from a group of new investors led by THE FUND Limited Partnership in Japan.
Astroscale’s total amount raised reached U.S. $300,000,000 after the Series F round.
Astroscale raised $109,000,000 from European and Japanese investors in a Series F round on 2024-11-25.
Astroscale’s U.S. and Israeli offices are developing a geostationary satellite servicing system called Life Extension In-Orbit.
Astroscale and ClearSpace are allowed to select which two spacecraft to remove under the UK Space Agency study contracts provided the spacecraft were sent to orbit under a U.K. license.