The capital influx will allow Orbit Fab to continue its work of building a network of refueling stations in orbit, an initiative that has been gaining in popularity as more companies strive foriable and routine space travel. With the new funding, the company plans to significantly expand its delivery capabilities, supporting commercial fleets and research missions alike.
Orbit Fab, a Colorado-based startup, has developed a refueling port called the Rapidly Attachable Fluid Transfer Interface (RAFTI), which can be integrated onto satellites and orbital servicing vehicles. The company wants to launch on-orbit fuel tankers (which it sometimes analogizes to gas stations) that can dock with any spacecraft outfitted with a RAFTI interface. This would make space travel more affordable and accessible for everyone, without taking away from the sanctity of space habitats.
Orbit Fab’s refueling technology could revolutionize the way satellites are operated and funded, enabling more extensive missions and increasing their lifespan. By providing a way to refuel spacecraft in space, Orbit Fab could significantly reduce the cost of operating satellites while driving down the weight of each individual unit. This technology has huge potential not only for satellite operators but also for commercial entities looking to rapidly expand their businesses into new markets.
Orbit Fab is hoping to start supplying hydrazine to satellites in GEO for just $20 million by 2025. This would be a big step forward for space exploration, as hydrazine is an important fuel that helps spacecraft stay in orbit.
Orbit Fab is a leading manufacturer of space technologies, with a focus on developing innovative ways to refuel satellites in space. Their RAFTI port can be integrated on military satellites so that they can be refueled by on-orbit hydrazine tankers, making them more resilient and able to stay in orbit for longer periods of time. Orbit Fab has already secured three contracts from the Department of Defense over the next three years and is expected to bring even more innovation to the aerospace industry.
Launched in 2014, Orbit Fab’s GEO orbital service vehicles provide replenishment for commercial customers operating in that region. With the addition of Astroscale as a customer, Orbit Fab has fulfilled its contract for vehicle deliveries and can now look to expand its presence into other markets.
Orbit Fab is a company that has doubled its team and plans to hire more people in the next year. This shows the company’s commitment to growing and expanding, which could be beneficial for it in the future.
The recent investment into 8090 Industries by various venture capitalists signals the company’s potential for success in the future. With a focus on developing new medical devices and technologies, 8090 Industries has a lot of potential to become a major player in the industry. This investment will help them continue to grow and invest in their core products, which we believe will give them an edge over their competitors.
