To assist with satellite refuelling efforts, Orbit Fab obtains a new investor.

Orbit Fab Secures New Investor to Support Satellite Refueling Efforts

Los Angeles — On October 25, Orbit Fab, a business creating the tools for refilling satellites in space, revealed that it has secured a new investor to help with its goals.

Orbit Fab said that 8090 Industries was a “new key investor” in the business, without providing any financial details. The business had already received $17 million in total, including more than $10 million in a round that included Northrop Grumman and Lockheed Martin Ventures in September 2021.

According to its website, 8090 Industries is an investment company that supports “category-leading industrial titans of tomorrow.” Previously, the company has provided funding to start-ups developing alternative energy technologies, including those aiming to “decarbonize” heavy industry, transportation, batteries, and aircraft. It has never before made an investment in a space firm.

The company claims that, in order to further its goals, it collaborates with more than 20 “industrial leaders,” including the Ozmen family, which established Sierra Nevada Corporation and its space-related subsidiary, Sierra Space.

In a statement, 8090 Industries partner Rayyan Islam said, “We envision Orbit Fab as the crucial layer of infrastructure for the emerging in-space economy.” “Refueling services will be the foundation of the industry’s future, and OrbitFab has a clear route to be the category-defining firm to open up room for industrialization.”

Orbit Fab Secures New Investor to Support Satellite Refueling Efforts
Orbit Fab has announced the release of the RAFTI™ Open License. RAFTI is a standard refueling interface design for all satellites in LEO, GEO, and cislunar space. The refueling interface, which builds on NASA Goddard technology, includes functional, safety, and security requirements. It has been adopted by dozens of Orbit Fab’s customers.

“The relationship that 8090 Industries has with the top industrial businesses in the world, and the aerospace industry in particular, is really impressive to us. Daniel Faber, chief executive and co-founder of Orbit Fab, said in the release, “We are already leveraging these ties to help Orbit Fab in our next stage of growth.

Orbit Fab has been working on the technology required for spaceship refuelling in orbit. This contains the satellite refuelling port known as the Rapidly Attachable Fluid Transfer Interface. Additionally, Tenzing, its first miniature tanker, was launched last year to test the functionality of future tankers for satellite refuelling.

The business declared in August that it will start providing $20 million worth of in-space hydrazine refuelling in 2025. The Defense Innovation Unit recently awarded it a $13.3 million contract to provide hydrazine to a Defense Department spacecraft in geostationary orbit in 2025.

Orbit Fab Secures New Investor to Support Satellite Refueling Efforts

Given its advantages in prolonging the life and improving the agility of satellites, refuelling is developing as a crucial initial market for the larger satellite servicing business.

In a speech given on October 20 at the Global Satellite Service Forum by the satellite servicing industry group CONFERS, Faber asserted that refuelling “truly is a force multiplier.” Simply put, you can lower expenses while raising revenues.

According to him, the cost savings result from launching a smaller, less expensive satellite that can be refuelled rather than a satellite that must be launched with all the fuel it will require over its entire lifetime. When a satellite can reach its operational orbit more rapidly, revenue rises. You can go more quickly now that gasoline is no longer a restriction. There’s no need to stress over choosing the most effective thruster setup. You can use the thruster system that will get you working for money as soon as possible.

Refueling is also required for more involved satellite service tasks, like fixing or modernising satellites. “You need the fuel,” he continued, “to be able to use servicing to its full capacity for updates, in-space assembly, and that type of stuff.” “All the technologies are coming together, and they’re going to open up possibilities that none of them individually could.”

Leave a Comment