A U.S. startup building a returnable capsule raised $44 million in investment capital
The new American company Inversion Space — which is developing an orbiting cargo capsule called Arc — has now raised $44 million in private investment capital.
The Los Angeles-based company announced Nov. 20 that it raised a Series A round led by Spark Capital and Adjacent, with participation from Lockheed Martin Ventures, Kindred Ventures and Y Combinator. The company has raised $54 million to date, with a $10 million seed round in 2021. It also won in September a Strategic Funding Increase (STRATFI) agreement with the Space Force’s SpaceWERX valued at $71 million, a combination of government and private funding to support work on reentry vehicles tailored for military customers.
Inversion will use the funds to further development of Arc, a reentry vehicle designed to provide what it called “precision delivery on-demand” from space to the Earth. The company is currently working on the design of Arc with a first flight planned for 2026.
The number of companies developing orbiting cargo capsules, either to provide supplies to the new space stations or to do manufacturing in orbit for return and sale on Earth, appears to be growing by leaps and bounds. First there was SpaceX’s Dragon, though the company has not yet flown any in-space manufacturing missions. Varda followed next, and has already flown and returned one capsule successfully. Sierra Nevada will follow next year with the first launch of its reusable Tenacity Dream Chaser mini-shuttle. Inversion will be the fourth.
In Europe there is The Exploration Company in France with its Nyx capsule, the German startup Atmos with its Phoenix capsule, and the Spanish startup PLD with its Lince capsule. There may be more.
All of these orbiting and returnable capsules have multiple profit opportunities, which explains why there has been a willingness of investors to provide them funds. They can either supply cargo to the four private stations presently under construction, or fly independent orbital missions where the capsule carries equipment to produce products of value that can only be manufactured in weightlessness.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
The new American company Inversion Space — which is developing an orbiting cargo capsule called Arc — has now raised $44 million in private investment capital.
The Los Angeles-based company announced Nov. 20 that it raised a Series A round led by Spark Capital and Adjacent, with participation from Lockheed Martin Ventures, Kindred Ventures and Y Combinator. The company has raised $54 million to date, with a $10 million seed round in 2021. It also won in September a Strategic Funding Increase (STRATFI) agreement with the Space Force’s SpaceWERX valued at $71 million, a combination of government and private funding to support work on reentry vehicles tailored for military customers.
Inversion will use the funds to further development of Arc, a reentry vehicle designed to provide what it called “precision delivery on-demand” from space to the Earth. The company is currently working on the design of Arc with a first flight planned for 2026.
The number of companies developing orbiting cargo capsules, either to provide supplies to the new space stations or to do manufacturing in orbit for return and sale on Earth, appears to be growing by leaps and bounds. First there was SpaceX’s Dragon, though the company has not yet flown any in-space manufacturing missions. Varda followed next, and has already flown and returned one capsule successfully. Sierra Nevada will follow next year with the first launch of its reusable Tenacity Dream Chaser mini-shuttle. Inversion will be the fourth.
In Europe there is The Exploration Company in France with its Nyx capsule, the German startup Atmos with its Phoenix capsule, and the Spanish startup PLD with its Lince capsule. There may be more.
All of these orbiting and returnable capsules have multiple profit opportunities, which explains why there has been a willingness of investors to provide them funds. They can either supply cargo to the four private stations presently under construction, or fly independent orbital missions where the capsule carries equipment to produce products of value that can only be manufactured in weightlessness.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Readers: the rules for commenting!
No registration is required. I welcome all opinions, even those that strongly criticize my commentary.
However, name-calling and obscenities will not be tolerated. First time offenders who are new to the site will be warned. Second time offenders or first time offenders who have been here awhile will be suspended for a week. After that, I will ban you. Period.
Note also that first time commenters as well as any comment with more than one link will be placed in moderation for my approval. Be patient, I will get to it.