Space station Starlab gets major new investor

The Starlab design in 2025. Click
for original image.
The consortium led by Voyager Technologies that is building the Starlab space station announced last week that it has obtained a major new investor with more than a billion dollars in assets.
The investor, Seven Grand Managers, is based in New York. The announcement did not specify how much the firm had committed to the Starlab project, but it was clear from this statement that involved significant funds.
“Starlab is being built to be commercially viable from Day One,” said Chris Fahy, founder and chief investment officer, Seven Grand. “Our investment recognizes that commercial infrastructure in the post-ISS era is not speculative, but tangible, bankable and poised for growth. Starlab’s world-class management team and strategic partners are unlocking the beginning of this enormous opportunity.” [emphasis ine]
The highlighted quote suggest Seven Grand was impressed with the Starlab concept, a single very large ready-to-go station launched on Starship. Most of the other stations will involve assembly of multiple modules on multiple launches before they are “ready-to-go.” The only other station launching as a single module, Max Space’s Thunderbird, has only recently entered the race, and is thus far behind.
Starlab had previously raised $383 million in a public stock offering, in addition to the $217.5 million provided by NASA. This new private investment capital further strengthens its future, and suggests the station could get built and launched, even if it fails to win a major station construction contract from NASA.
Below are my rankings of the five American space station projects:
» Read more

The Starlab design in 2025. Click
for original image.
The consortium led by Voyager Technologies that is building the Starlab space station announced last week that it has obtained a major new investor with more than a billion dollars in assets.
The investor, Seven Grand Managers, is based in New York. The announcement did not specify how much the firm had committed to the Starlab project, but it was clear from this statement that involved significant funds.
“Starlab is being built to be commercially viable from Day One,” said Chris Fahy, founder and chief investment officer, Seven Grand. “Our investment recognizes that commercial infrastructure in the post-ISS era is not speculative, but tangible, bankable and poised for growth. Starlab’s world-class management team and strategic partners are unlocking the beginning of this enormous opportunity.” [emphasis ine]
The highlighted quote suggest Seven Grand was impressed with the Starlab concept, a single very large ready-to-go station launched on Starship. Most of the other stations will involve assembly of multiple modules on multiple launches before they are “ready-to-go.” The only other station launching as a single module, Max Space’s Thunderbird, has only recently entered the race, and is thus far behind.
Starlab had previously raised $383 million in a public stock offering, in addition to the $217.5 million provided by NASA. This new private investment capital further strengthens its future, and suggests the station could get built and launched, even if it fails to win a major station construction contract from NASA.
Below are my rankings of the five American space station projects:
» Read more











