Largest ever funding in UK space tech: Space Forge raises £22.6M to launch new era of space manufacturing — TFN [English]

Article by Abhinaya Prabhu | Source Tech Funding News | Read the full article in English

Space Forge, a Cardiff-based startup, has just secured an impressive £22.6 million in funding, marking the largest Series A investment for a UK space technology company. The investment comes from a diverse group of backers, including the NATO Innovation Fund, which signals strong interest in the company's groundbreaking approach to manufacturing materials in space.

The startup's innovative concept involves using the unique conditions of space – like microgravity and extreme temperature differences – to create advanced materials that can't be produced on Earth. Their goal is to develop a reusable satellite platform that can manufacture high-performance materials in Low Earth Orbit, with the ability to safely return these materials back to Earth. This technology could have significant implications for industries like semiconductors, quantum computing, and clean energy.

Beyond the technological breakthrough, Space Forge's approach offers exciting environmental benefits. Their research suggests that space-manufactured materials could reduce carbon emissions by 75% and energy usage by 60% in key infrastructure applications. By positioning themselves at the intersection of technological innovation and sustainability, the company is not just advancing space manufacturing, but also contributing to potential solutions for climate and energy challenges.

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