Reusable factory in space gets seed funding : Page 2 of 2

May 20, 2020 //By Nick Flaherty
Visualisation of Space Forge's ForgeStar-1 manufacturing satellite
Space Forge has raised $600,000 to develop a reusable satellite that can make semiconductor materials in space.
new design hub in Bristol,” said Western. “This funding will help us accelerate the development of critical technologies and carry out key testing.”

“This new investment will help Space Forge develop innovative new space technologies to improve manufacturing processes here on Earth. It is another fantastic example of the UK’s thriving commercial space sector, which employs 42,000 people and generates £14.8bn for the economy,” said Catherine Mealing-Jones, Director of Growth at the UK Space Agency (UKSA).

The company is talking to a range of launch providers, particularly Rocket Lab in New Zealand who offer multi-user launches and are developing a battery-powered electric engine for its rockets. It is also in discussion with Virgin Orbit, which is planning to operate a 747-based satellite service from Newquay in Cornwall in 2022.

www.spaceforge.com

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