Italian firm D-orbit have raised €150 million in a two-part Series C funding round, reports Space News.
This investment will enable D-orbit to broaden its role in in-orbit servicing, space-based cloud computing and orbital transportation, and “aid in creating a ‘circular space economy’, turning space debris into a valuable resource.”
To date, D-Orbit has conducted 16 missions and flown 14 ION orbital transfer vehicles, with seven more missions scheduled for 2025, and is developing new space vehicles to support satellite-life extension and space-debris removal.
Image credit: D-Orbit
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