Funding Details
- Awarder
- RSS - spacenews.com
- Date Award
- June 20, 2024
- Vertical
- Space Technology
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2011
- Traction
- ExoTerra has demonstrated successful deployment of their propulsion systems on DARPA satellites and has a backlog of over 200 modules to produce, indicating strong market demand and growth potential.
- Organizations Involved
- Lago Innovation Fund, DARPA, RTX, Blue Canyon Technologies
- Company Description
- ExoTerra Resources develops and produces microsatellite solar electric propulsion systems. The company focuses on designing, manufacturing, and testing electric propulsion elements for small satellites. Their recent funding round of $8 million from Lago Innovation Fund will support the expansion of production capacity to meet the increasing demand for their propulsion modules.
- Market
- Space
- Location
-
Littleton,
Colorado,
US
- Coinvestors
- Lago Innovation Fund
Links