Get the latest tech news
Star Catcher Industries raises $12.25M to provide energy grid in space for satellites
Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Star Catcher Industries has raised $12.25 million in seed funding to provide an energy grid in space for satellites. With this funding, the Jacksonville, Florida-based company is positioned to help eliminate power constraints on space operations […]
With this funding, the Jacksonville, Florida-based company is positioned to help eliminate power constraints on space operations through the construction of its Star Catcher Network, the world’s first space-based energy grid. Following the sale, Rush became Redwire’s founding president and COO, where he managed hundreds of millions of dollars of development and delivery contracts for commercial, civil, and national security customers. By providing spacecraft with higher concentrations of energy to state-of-the-art solar arrays, the Star Catcher Network will significantly magnify space-based power generation to meet this growing demand and enable satellite operators to expand capabilities and uptime while reducing upfront spend.
Or read this on Venture Beat
