Space Forge raises $30 million to develop satellites for space-based manufacturing

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust Editor's take: As Space Forge prepares for its first demonstration mission, the company is positioning itself for a new era in advanced manufacturing. By taking production beyond the confines of Earth, Space Forge hopes to deliver breakthroughs that could reshape industries, strengthen supply chains, and contribute to a more sustainable future. A British startup focused on manufacturing advanced materials in space has secured $30 million in Series A funding, setting a new record for the country's space technology sector. Called Space Forge, the company plans to use the investment to accelerate the development and launch of satellites designed to produce materials that cannot be made on Earth, with potential applications in semiconductors, quantum computing, and clean energy. The round was led by the NATO Innovation Fund and supported by a global consortium that includes World Fund, the N ... Read full article.