Satellite startup E-Space, which is working to develop a satellite mesh network in low Earth orbit, announced on Monday that it’s aiming to launch its first three test satellites later this year. If successful, the company will do one more test launch before moving to commercial deployment. “What we’re doing is building systems that can connect to each other,” says E-Space founder and CEO Greg Wyler.
E-Space today announced it will launch its first demonstration satellites in the second quarter of 2022 to validate the systems and technology for its sustainable satellite system. The announcement marks an unprecedented timeline for taking a new space innovation from idea to reality as E-Space moves to swiftly build the most sustainable, secure and cost-effective satellite network in history.
E-Space has raised $50 million in a seed round led by Prime Movers Lab, the largest seed-stage investment for a space startup.
OneWeb adds another distribution deal, E-Space plans up to 100,000 satellites
A venture capital investor has pumped US$50 million into a space start-up founded by Greg Wyler, previously of O3b and OneWeb. E-Space says it is planning a constellation of 100,000 satellites, which will also gather up space junk on their way.
E-Space, the latest project for Greg Wyler, the space entrepreneur previously behind OneWeb and the O3b Networks, said it raised $50 million in seed funding, representatives announced Feb. 7. The investment fully funds E-Space’s Beta 1 launch of its first test satellites in March.
A company led by satellite-industry veteran Greg Wyler says it plans to launch about 100,000 small communication satellites into low Earth orbit. The company, E-Space, yesterday announced that it received a $50 million investment and that it will launch its first test satellites next month, with "mass production... slated for 2023."
Greg Wyler was instrumental in founding OneWeb. Prior to that he was instrumental in the establishment of O3b. Wyler says the project has now raised $50 million in initial seed funding (from Prime Movers Lab) which at least propels his E-Space scheme up to a new level of seriousness.
Greg Wyler, the space entrepreneur who founded Britain’s OneWeb, plans to put up to 100,000 satellites in orbit this decade with his latest business venture E-Space. The company on Monday said it had raised $50mn in seed funding from Prime Movers Lab, a fund that invests in breakthrough scientific start-ups. E-Space aims to create a vast “mesh” network of small satellites that can deliver bespoke and commercial services to business and government, from secure communications to remote infrastructure management.