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UK space firm secures £7.6m to fund trial of factory satellites
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Last year, when Josh Western and Andrew Bacon set up their company Space Forge, they had a garage to work in and little else. Today, the two Cardiff-based entrepreneurs have a staff of 25 and are now planning further expansion after raising £7.6m of international seed-funding.
The financing – to be announced later this week – should allow the company to start a remarkable aerospace endeavour: deploying satellites in which new alloys, medicines and semiconductors can be manufactured in outer space and then brought back to Earth. The first missions are now planned for the end of 2022.
“Earth is a wonderful place to live on but terrible for manufacturing so many things,” said Western. “You have to fight gravity and the dense atmosphere while
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