TLDR:
- Dcubed, a German space technology developer, has secured an oversubscribed Series-A funding round to boost growth in the global space market.
- The funding will be used to scale production of satellite actuators and drive innovation in in-space manufacturing, with plans to 3D print a high-performance satellite solar array in space in 2025.
The article highlights that Dcubed attracted eight international investors across Europe and the US, leading to a 26% oversubscription of the funding round. The company plans to quadruple its production of satellite actuators and expand into in-space manufacturing, positioning itself as a key player in the space industry. The investment will also support Dcubed’s US office in Colorado and its plans to standardize space product ordering through an online store.
Moreover, Dcubed aims to meet the increasing demand for satellite launches by investing in in-space manufacturing technologies. The company received a significant grant from the European Innovation Council for a project related to 3D printing a satellite solar array in space by 2025. The establishment of a US office in a major space hub and the hiring of an experienced aerospace professional to lead US operations underline Dcubed’s strategic growth plans.
