TLDR:
- Two Australian space companies named among the eleven global space startups to watch.
- Quasar Satellite Technologies and Gilmour Space Technologies highlighted as promising small space companies by Global Corporate Venturing.
Two Australian space companies, Quasar Satellite Technologies and Gilmour Space Technologies, have been recognized as among the most promising small space companies globally. Global Corporate Venturing, a website serving venture capitalists, has highlighted these two companies for their potential to capitalize on the decreasing cost of space launches. Quasar is working on technology that would allow ground stations to communicate with multiple satellites simultaneously, while Gilmour has raised significant funding and is awaiting final approvals for its maiden launch.
Quasar’s satellite technology aims to enable government and non-government entities to have real-time access to space objects by “hearing the whole sky.” The company is focusing on defense and intelligence agencies and making inroads into the United States. Gilmour, on the other hand, is waiting for its final launch license from the Australian Space Agency to conduct its maiden launch from the Bowen Space Port in Queensland.
Despite the delays and challenges in the space sector, both companies have attracted a considerable amount of investor interest. Quasar has secured financial backing from various entities, while Gilmour’s backers include prominent venture capitalists. The space industry continues to be a strong area of interest for venture capitalists, with significant investments being made in startups with innovative products.
Other companies on Global Corporate Venturing’s list of promising space startups include Manastu Space from India, Impulse Space and Orbit Fab from the US, and companies from Italy and Germany. The space sector remains an attractive investment opportunity for venture capitalists looking for high returns in a growing industry.
