For the second time in a year, NorthStar Earth & Space has closed a funding round, this time a $20 million Series D financing round.
On January 5th of this year they had announced the closing of their Series C financing round raising $47 million.
This round included Telesystem Space Inc., the government of Quebec (through its affiliate Investissement Québec), and the Luxembourg Future Fund – Co-Investments SA.
NorthStar stated that the funds “will support the company’s on-going operations to deploy the initial block of four satellites of NorthStar’s constellation to monitor space from space, commence commercial Space Situational Awareness (SSA) services, and establish a data processing centre in Montreal that will process and deliver precision information to help track the location of satellites (over 11,000) and orbital debris (over 128 million).”
NorthStar’s first four satellites were to have launched by this month but a Rocket Lab failure on September 19th delayed the launch. Rocket Lab will attempt its first launch tonight since the failure with a launch window opening at 11.00 p.m. ET. Should the launch be successful, it is expected that their next launch will be no earlier than the second week of January and for NorthStar.
Stewart Bain, co-founder and CEO of NorthStar Earth & Space said, “Thanks to the unwavering support of the government of Quebec and our investors in North America and Luxembourg, NorthStar’s unique space-based services will provide coverage of significant gaps that were previously inaccessible from ground-based systems. This represents a significant contribution to the sustainability of the space environment for future generations.”