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E2MC Update On Space-Financing Rounds in August 2020

By Raphael Roettgen

Photo by NASA on Unsplash.

August 2020 sure proved that a lot of private capital can flow into the space sector, with a total of US$2.2 billion. Sure, SpaceX represented over 80% of this total – the company’s latest filing shows $1.9 billion raised of a potential total of $2.066 billion – but even without it, the sector total would have come to almost $400 million, distributed across geographies and subsectors.

Deals have also continued, including Kymeta’s acquisition of satellite services provider Lepton and KBR acquiring Centauri, a technology solutions provider to the U.S. Government whose areas of expertise include space. We are also keeping an eye on the Chapter 11 bankruptcy proceedings of satellite communications provider Speedcast, where the company has already attracted bids from interested parties.

Company US$m Country Subsector Investors
SpaceX 1901.4 U.S. Diversified (Launch, Satcomm) Fidelity, others



iSpace 172.0 China Launch Beijing Financial Street Capital Operation Center, CICC Alpha, Taizhonghe Capital


Kymeta 85.2 U.S. Satcomm (antennas) Bill Gates, S. Douglas Hutcheson
ABL Space Systems* 49.0


U.S. Launch Venrock, New Science Ventures, Lynett Capital, and Lockheed Martin Ventures.


AXESS Networks 42.5



Spain Satcomm Alantra, Cofides


ispace 28.0 Japan Lunar Incubate Fund, Mitsui Sumitomo Insurance Company, Space Frontier Foundation, Takasago Thermal Engineering


Pixxel 5.0 India Remote sensing Blume Ventures, growX ventures, Inventus Capital, Lightspeed India Partners, Ryan Johnson, Stanford Angels and Entrepreneurs


Warpspace 3.0 Japan Satcomm



Mitsubishi UFJ Capital, others
Mecano ID 1.2 France Spacecraft components


French government entities (grant)
Morpheus Space NA Germany Spacecraft components (propulsion) Airbus Ventures, In-Q-Tel, Lavrock Ventures, Pallas Ventures, Techstars, Vsquared Ventures


Skygate Technologies NA Japan Satcomm

(ground stations)

Keio Innovation Initiative


*closed on 31-Mar-2020

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