Outpost Raises $7.1M Seed Round To Develop Reusable Satellites For Earth Return Service
08/30/22, 2:01 PM
Location
austinMoney raised
$7.1 million
Industry
logistics
transportation
Round Type
seed
Outpost Technologies Corporation (“Outpost”), the sustainable space company, announced the closing of a $7.1M Series Seed round. During a bearish fundraising environment, this round was oversubscribed, demonstrating Outpost’s visionary approach to disrupting the satellite market. The company has developed, and flight tested a novel re-entry method that enables satellites to safely return to Earth with precision landing. This technology not only makes single-use satellites obsolete, but also enables the broader aerospace market to attain dedicated payload return to Earth
Company Info
Location
austin, texas, united states
Additional Info
Outpost is spearheading a new way of space development that’s reusable, not disposable. With its very first product, Outpost is building reusable satellites that deliver customer payloads to space and back to Earth. By flying payloads with Outpost, users can put their product into space, iterate, and learn how they performed in space. Outpost facilitates iteration in space at a quicker pace than anything else available. The future of space (and Earth) requires a focus on low-cost reusability to create a sustainable industry. At Outpost, we are proud to be leading the charge to develop products with sustainability as the core design.