Big day for space mirrors! Re-upping my profile of @reflectorbital's inspiring founders: corememory.com/p/shiny-happy-…
www.corememory.com Shiny Happy Mirrors In Outer Space Reflect Orbital wants to sell the world a little extra sunlight Today, Reflect Orbital is excited to announce $73.5 million in new funding, with returning investors @sequoia, @Lux_Capital, and @starship_vc and welcoming new investors @joshbuckley, @convectivecap, @UncommonGP, and @SalesforceVC.
This brings total capital raised to over $100 million and this is just the beginning. A year ago, we were a tiny team, had just closed our Series A and begun designing our first satellite. We could only dream about a fully-functional satellite built from scratch in our own cleanroom, let alone two of them within a year. We could only imagine what a full-size deployable reflector would really look like. No one had built one like it before. What was in our imagination is now reality.
Our mission sounds straight out of science fiction, but the physics is simple. The engineering had to be invented from scratch, requiring incredible drive, but our team delivered. The business is unlike anything the world has seen, requiring extremely thoughtful guardrails and studies to make life’s most vital resource available at night without damaging the environment. We are tackling this challenge head on, as we aim to address the climate crisis with a reliable source of renewable energy that can meet the world’s needs many times over, and we’re starting by helping rescue teams save lives in critical scenarios.
Thank you to all of our partners and investors, we are deeply excited by this opportunity to bring a new capability to the world.View quoted post on X
