Space Forge

Space Forge, a Cardiff-based space technology company, has secured £10 million in funding from the European Space Agency’s General Support Technology Programme to advance its in-space manufacturing capabilities, specifically focusing on the development of its reusable Pridwen heat shield system.

Summary of transaction details:

• Value: £10,000,000
• Sector: DeepTech & Space Manufacturing
• Advisor: Not mentioned
• Key Entities: Space Forge (Target), European Space Agency’s General Support Technology Programme (Funder), UK Space Agency (Backing Investment)
• Location: Cardiff, UK (Target)

Note: This funding is critical for Space Forge's mission to commercialize the return of in-orbit manufactured materials, aiming to make the process of bringing high-value items from space simpler, safer, and more cost-effective through their innovative Pridwen heat shield technology.