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Orbion Space Technology, Inc. announced it raised $88,000 in an initial filing from an offering of $88,000

Oct 12, 2021almost 4 years ago

Amount Raised

$88,000

Round Type

pre-seed

Michigan

Company Information

Company

ORBION SPACE TECHNOLOGY, INC.

Location

101 W. LAKESHORE DRIVE

Michigan, United States

About

Orbion Space Technology is an AS-9100 certified production company that develops and manufactures revolutionary plasma propulsion systems for small satellites. Because of their fuel efficiency, Orbion’s thrusters can save spacecraft operators millions of dollars in operating costs while increasing the value of the spacecraft’s data products. Orbion has a novel manufacturing approach that enables production of plasma thrusters at the unprecedentedly high rates that are required to equip the space revolution. More than 10,000 small satellites will be launched within the next few years. These satellites will perform Big Data missions such as providing wireless global internet and recording detailed images of anywhere on the Earth’s surface every hour. Each of these satellites will need its own thruster, or thrusters, to maneuver in space, counteract drag, and execute a controlled re-entry at the end of the mission to avoid populating space with junk.

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