March Fundraising Activity
March 8 – Starfish Space Inc., a U.S.-based startup focused on satellite life extension and debris removal services, announced that it raised $14m in a Series A funding round led by Munich Re Ventures.
March 28 – New launch services provider Isar Aerospace Technologies GmbH announced that it raised $165m in a Series C funding round with participation from 7-Industries Holding, Bayern Kapital, Earlybird Venture Capital, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche Automobil Holding, UVC Partners and Vsquared Ventures.
Globalstar Announces $200m Notes Offering
On March 29, Globalstar Inc. announced that it agreed to sell $200m in aggregate principal amount of 13% senior notes due 2029 to an affiliate of Varde Partners LP, among other investors. The proceeds from the offering are expected to be used primarily to repay existing debt.
March Satellite Orders
March 3 – Airbus Defense and Space announced that it was selected by Angola to manufacture the Angeo-1 optical satellite, the nation’s first Earth observation satellite.
March 14 – Apco Networks, S.A. de C.V. (APCO) announced that it selected Astranis Space Technologies Corp. to manufacture and operate two MicroGEO satellites equipped with Ka-band payloads to support APCO’s provision of last-mile connectivity services in Mexico.
