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Fleet Space Raises A$50M Series C for Minerals Exploration Tech

Fleet Space Technologies has announced the successful completion of its heavily oversubscribed Series C fundraising round, raising a total of A$50 million. Australasian venture capital firm and existing investor Blackbird led the funding round, which more than doubled the company's valuation, now surpassing A$350 million. Grok Ventures, Alumni Ventures and Hostplus have also participated in the round.

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The Spaceport Company Successfully Tests Offshore Launch

The Spaceport Company has successfully tested its mobile floating spaceport prototype yesterday by conducting the first-ever commercial rocket launches from U.S. territorial waters. This is because the Company launched multiple rockets in one day from a modified ship located in the Gulf of Mexico. As a result, it proved the potential for offshore spaceports to ease congestion at existing launch ranges and expedite the delivery of satellites to orbit.

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EIF commits €60 million to Alpine Space Ventures

European Investment Fund building. Credit European Investment Fund

The European Investment Fund (EIF) announced today that it is committing €60 million in equity to Alpine Space Ventures (ASV), a German-based venture capital fund focusing on the NewSpace sector. With this investment, ASV’s committed capital passes the €100 million mark, bringing it closer to the target of €160 million, expected to be achieved later this year. 

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