Tuesday, March 27, 2018

Spaceflight Aims To Raise $210M In Funding Round

Seattle-based Spaceflight Industries is aiming to raise just over $210M in funding, as part of an ongoing investment round, according to a regulatory filing from the company today. According to that filing, so far, Spaceflight has garnered just over $100.6M in funding as part of the ongoing effort, from a total of 18 investors. Spaceflight recently announced a big funding round from The Space Alliance, the joint venture of Thales Alenia Space and Telespazio, likely part of the same funding effort. The filing says the latest amounts reported to the SEC include $60,000,000 convertible debt facility and $50,000,000 in capital stock. Spaceflight helps companies book launches for satellites as secondary payloads, and also has its own subsidiary, Blacksky, which is launching its own constellation of earth imaging satellites.