Today news
About the same in other media
UK space firm secures £7.6m to fund trial of factory satellites
Reading now: 181
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
Read more on theguardian.comAbout this in other media
EU firms shun UK’s post-Brexit permissions in ‘ominous’ sign fnlondon.com /2 years ago
Takeover regulator extends deadline for offers on River & Mercantile, firm says fnlondon.com /2 years ago
George Osborne’s family firm reports jump in costs in wake of Brexit theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
