Orbit Fab, the company building gas stations in space, gets new investor
Though the amount invested has not been revealed, Orbit Fab announced yesterday that it has obtained a new investor to fuel its effort to build the first gas stations in space.
Orbit Fab said that 8090 Industries was a “new major investor” in the company, but did not disclose the size of the investment. The company had previously raised a total of $17 million, including more than $10 million in a September 2021 round that included Lockheed Martin Ventures and Northrop Grumman.
Orbit Fab’s goal is to provide satellite makers a way to more easily and cheaply refuel their satellites, thus allowing them to not only launch for less cost but to last longer once in orbit. In August it announced it is aiming to launch a hydrazine refueling depot for geosynchronous satellites by 2025.
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Though the amount invested has not been revealed, Orbit Fab announced yesterday that it has obtained a new investor to fuel its effort to build the first gas stations in space.
Orbit Fab said that 8090 Industries was a “new major investor” in the company, but did not disclose the size of the investment. The company had previously raised a total of $17 million, including more than $10 million in a September 2021 round that included Lockheed Martin Ventures and Northrop Grumman.
Orbit Fab’s goal is to provide satellite makers a way to more easily and cheaply refuel their satellites, thus allowing them to not only launch for less cost but to last longer once in orbit. In August it announced it is aiming to launch a hydrazine refueling depot for geosynchronous satellites by 2025.
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.
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