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Expert Collections containing Space Forge
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Space Forge is included in 1 Expert Collection, including Advanced Materials.
Startups developing new or improved materials (chemicals, alloys, etc.) that provide physical or functional advantages to basic materials.
Latest Space Forge News
Nov 8, 2022
Space startup prepares to reach for the stars with launch The world will be watching when Cardiff-based Space Forge send a satellite into space later this month for the first time Share: When the satellite ForgeStar-0 blasts off into space later this month, the outcome could literally send Space Forge into a whole new stratosphere. Space Forge is the brainchild of CEO Joshua Western and CTO Andrew Bacon and is on a mission to ‘harness the benefits of space for life on Earth’. The Welsh startup attracted international attention when it raised a record £7.6m in seed funding in December 2021- the largest seed funding for a space company in Europe. What’s got everyone excited is that Space Forge is building upon reliable research from the International Space Stadium (ISS) that will hopefully enable it to make materials in space on a larger scale than what has been done in the past. Western told BusinessCloud: “There are lots of reasons for this. In space you have access to microgravity, high purity vacuums so there’s less contamination and access to lower temperature. “We looked at what was happening on the ISS and decided ‘why don’t we make our own scalable, returnable vehicle that can manufacture things in space?’ That was the idea for Space Forge.” Products like semiconductors, pharmaceuticals, and advanced materials can be made a lot more valuable if they’re made in space. Space Forge operate out of a repurposed food truck facility and if they’re right, they could transform the world of manufacturing as we know it and bring a whole new meaning to the phrase ‘made in space’. Josh Western and Andrew Bacon, Space Forge All of which goes a long way to explain why the launch of ForgeStar-0 is such a pivotal moment. It will be the company’s first foray into space and is seen by many as a dress rehearsal for future satellite missions that will return and land on Earth. ForgeStar-0, which is the first satellite designed and built in Wales, will be launched from Spaceport Cornwall on Virgin Orbit’s Start Me Up launch at an unconfirmed date in November 2022. November’s mission is designed to test Space Forge’s heat shield so that future operational missions will protect a satellite travelling through the extreme heat created as it re-enters the atmosphere. Andrew Bacon, chief technology officer and co-founder at Space Forge, explained: “We’re committed to sustainability. Ultimately what we’re looking to do is bring the satellite back to Earth. ForgeStar-0 will technically fail but we’ll take the learnings from that and apply them to future missions. “We’ll take some photos and then the satellite will burn up in the atmosphere and we’ll be tracking exactly how it fails. “Then we can have all the data to tweak our final design for the ForgeStar-1 launch. “It will bring us one step closer to launching a satellite into space with manufacturing capabilities on board.” By the end of the decade Space Forge hope to be carrying out 100 launches a year. “Our heat shields could potentially be used to help return payloads to other planets as well,” admitted Western. “It’s so exciting.”
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Space Forge Frequently Asked Questions (FAQ)
When was Space Forge founded?
Space Forge was founded in 2018.
Where is Space Forge's headquarters?
Space Forge's headquarters is located at Newport.
What is Space Forge's latest funding round?
Space Forge's latest funding round is Seed VC - II.
How much did Space Forge raise?
Space Forge raised a total of $12.85M.
Who are the investors of Space Forge?
Investors of Space Forge include Type 1 Ventures, SpaceFund, World Fund, European Space Agency, Bristol Private Equity Club and 12 more.
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