The ambitious vision of conducting space experiments without relying on the International Space Station just received a significant financial boost. ElevationSpace Inc., the startup developing small satellites designed to serve that very purpose, has closed its Series b funding round, securing $40.0M.
This latest capital infusion underscores growing interest in alternative space infrastructure. The round saw participation from a notable syndicate of investors, including SPARX Asset Management, Beyond Next Ventures, Energy & Environment Investment, NTT DOCOMO Ventures, Toyoda Gosei, and Dai Nippon Printing.
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