Australian rocket startup raises $36 million in private investment capital
The Australian rocket startup Gilmour Space has now raised $36 million in private investment capital in its most recent fund-raising round. The company had previously raised $46 million.
The funding supports the small launch vehicle startup’s campaign to manufacture, test and begin launching rockets and satellites from the Bowen Orbital Spaceport in North Queensland.
Gilmour Space, founded in 2012, is developing a three-stage rocket called Eris. The first Eris test flight is expected “in the coming months, pending launch approvals from the Australian Space Agency,” according to the Gilmour Space news release. A second test flight is expected later this year and commercial launches are scheduled to begin in 2025. [emphasis mine]
The map to the right shows both the location of Gilmour’s Bowen launch site, but also that of Equatorial Launch Australia (ELA), which is building a spaceport open to all rocket companies.
Gilmour had originally announced plans for an April 2023 launch. Though it is not surprising for a new rocket company to experience delays in developing a new rocket, the highlighted phrase in the quote above, which has appeared in a previous story in September 2023 about the delays at Gilmore, strongly suggests Australia’s government might be a problem as well. Its legal framework is strongly influcenced by Great Britain’s, which has turned out to be a nightmare for both rocket companies and spaceports. That approvals have been pending now for many months is further evidence this is so.
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The Australian rocket startup Gilmour Space has now raised $36 million in private investment capital in its most recent fund-raising round. The company had previously raised $46 million.
The funding supports the small launch vehicle startup’s campaign to manufacture, test and begin launching rockets and satellites from the Bowen Orbital Spaceport in North Queensland.
Gilmour Space, founded in 2012, is developing a three-stage rocket called Eris. The first Eris test flight is expected “in the coming months, pending launch approvals from the Australian Space Agency,” according to the Gilmour Space news release. A second test flight is expected later this year and commercial launches are scheduled to begin in 2025. [emphasis mine]
The map to the right shows both the location of Gilmour’s Bowen launch site, but also that of Equatorial Launch Australia (ELA), which is building a spaceport open to all rocket companies.
Gilmour had originally announced plans for an April 2023 launch. Though it is not surprising for a new rocket company to experience delays in developing a new rocket, the highlighted phrase in the quote above, which has appeared in a previous story in September 2023 about the delays at Gilmore, strongly suggests Australia’s government might be a problem as well. Its legal framework is strongly influcenced by Great Britain’s, which has turned out to be a nightmare for both rocket companies and spaceports. That approvals have been pending now for many months is further evidence this is so.
The support of my readers through the years has given 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. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
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. Even today NASA and Congress refuse to 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.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five 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:
5. 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. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
Eris – Greek goddess of discord and strife. They could have chosen a better name.
Then again, they are dealing with the Australian authorities who want no innovation in Australia at all.