Space Forge
Summary
These advancements have wide-reaching applications in semiconductors, quantum computing, clean energy, and defence technologies.Research suggests space-made materials could cut CO emissions by 75% and energy use by 60% in key infrastructure, offering a powerful tool for strengthening climate resilience.This investment will accelerate the development of ForgeStar\xae-2- Space Forges next-generation returnable manufacturing satellite while supporting the companys first in-orbit demonstration mission, ForgeStar-1, set to launch in 2025.Together, these missions will demonstrate a scalable, reusable platform for manufacturing high-performance materials in space-delivering breakthroughs for security, clean energy and infrastructure. Our upcoming launches will prove that the future of materials innovation lies beyond Earth, helping us build a more secure, sustainable, and technologically advanced world.The calibre of investors backing this round reflects Space Forges growing importance in advancing secure, sustainable technologies - across defence, aerospace, and clean tech sectors globally.Chris OConnor, Partner, NATO Innovation Fund, said: We are excited to be supporting Space Forge a company that is innovating material manufacturing, while also advancing Europes access to space, supply chain independence and long-term resiliency. We look forward to working with the Space Forge team to leverage their technological breakthroughs in order to secure the future of NATO nations.Daria Saharova, General Partner at World Fund, commented: Demand for computing power is doubling every two months. Our modern Industrial Strategy will drive growth in these sectors even further, giving businesses the confidence they need to commit to investing in the UK and ensuring we remain a partner of choice for space agencies around the world.Dr. By transforming the way we manufacture high-performance materials, Space Forge is not only pushing the boundaries of whats possible in orbit, but will also deliver real-world benefits on Earth from cleaner energy to more secure supply chains.