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ARTICLE · 07 NOVEMBER 2023

Space Business Review October 2023

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October 5 – Japanese space propulsion start-up Pale Blue Inc. announced that it raised an additional $7.5m as part of its Series...

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Dara Panahy
Dara Panahy
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October Investment Activity

October 5 – Japanese space propulsion start-up Pale Blue Inc. announced that it raised an additional $7.5m as part of its Series B investment round. The company plans to use the new funding to progress research and development activities for the mass production of propulsion systems for small satellites.

October 10 – Proteus Space, Inc., a California-based satellite manufacturing start-up that utilizes artificial intelligence for rapid production of customized ESPA-class satellites, emerged from stealth mode by announcing that it raised $4.2m in a seed funding round led by Moonshots Capital, with participation from Lavrock Ventures, The Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory and Industrious Ventures.

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