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Orbit Fab plans to start offering hydrazine for satellites in geostationary orbit as soon as 2025 using a depot and a fuel shuttle spacecraft.
Orbit Fab will seek to refuel the U.S. Space Force Tetra-5 spacecraft with up to 50 kg of hydrazine.
Three satellites will be stationed in geostationary orbit where Impulse Space’s Mira orbital service vehicle will serve as the hosting platform for Orbit Fab’s fuel depot.
The 2023-04-17 Series A funding round for Orbit Fab was led by 8090 Industries.
Orbit Fab described the Series A as an up round that increased the company valuation to just over $100,000,000.
Orbit Fab plans to hire 25 more employees with the new Series A funding.
Orbit Fab is a Colorado-based company developing in-space satellite refueling services.
Orbit Fab raised $28,500,000 in a Series A funding round announced on 2023-04-17.
An earlier investment by 8090 Industries announced in October was part of Orbit Fab’s Series A round.
Starfish flight tested the rendezvous, proximity operations, and docking software planned for the Otter mission in 2021 during Orbit Fab’s spacecraft LEO refueling demonstration.
Orbit Fab lined up 8090 Industries as a new major investor on 2022-10-25.
Orbit Fab had previously raised a total of $17 million, including more than $10,000,000 in a September 2021 funding round that included Lockheed Martin Ventures and Northrop Grumman.
Orbit Fab will offer in-space hydrazine refueling at a price of $20,000,000 starting in 2025.
The Defense Innovation Unit awarded Orbit Fab a $13,300,000 contract to supply hydrazine to a Defense Department spacecraft in geostationary orbit in 2025.
Orbit Fab launched its first small tanker, Tenzing, to test operations of future tankers for refueling satellites.
Since its establishment in 2017, Techstars Los Angeles has provided funding and guidance for HydroSat, Morpheus Space, Orbit Fab, Pixxel Space, and Scout Space.
The first Scout Space sensing payload launched in June 2021 on Orbit Fab’s on-orbit refueling spacecraft and is currently in operation.
Orbit Fab will provide up to 100 kg of hydrazine for a $20,000,000 refueling service.
Orbit Fab will start offering hydrazine refueling for satellites in geostationary orbit as soon as 2025 at a price of $20,000,000.
Orbit Fab will work with servicing vehicles from companies such as Astroscale and Northrop Grumman to refuel legacy GEO satellites.