Virgin Orbit invests in Hypersat, SatRevolution
December 17, 2021
By Chris Forrester
Sir Richard Branson-backed Virgin Orbit has taken a 17.5 per cent stake in Earth Observation image company Hypersat, as well as investing in a funding round for Poland-based SatRevolution.
Hypersat is already a client of Virgin Orbit and used Virgin’s rocket plane to launch 6 of its Hyperspectral satellites.
Poland’s SatRevolution is busy raising cash for its small ‘nano-satellites’, and again was an early client of Virgin Orbit’s LauncherOne system.
“Our partnership with Virgin Orbit will help us to develop critical relationships with existing and new customers and to give us speed, momentum and the resilience to deliver over the long term,” said Grzegorz Zwolinski, co-founder and CEO of SatRev.
Other posts by :
- Project Kuiper beating OneWeb
- OQ Tech gets Luxembourg 5G-by-Sat concession
- Roskosmos: Heads roll, launch project scrapped
- MDA under pressure over satellite order
- SES backs C-band action from FCC
- Congested orbits mean high risks of debris
- SpaceX bids fairwell to booster 1076
- Bank: LBG Media results “in line”