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.
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.