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Space Forge raises $30M Series A to make chip materials in space
U.K. startup Space Forge raised $30M in a Series A round to manufacture semiconductor materials in space, leveraging unique conditions like microgravity. The company aims to enhance material properties for applications in fields like quantum computing and defense, while addressing supply chain concerns over semiconductors from Taiwan. Its first mission is expected to launch later this year after a previous failed attempt.
Key points
- Space Forge raised £22.6 million ($30 million) in Series A funding.
- The startup aims to create wafer materials in space due to the unique conditions there, which produce less defective crystals.
- These materials can improve energy efficiency in technologies like 5G, benefiting partners such as BT.
- NATO Innovation Fund invested due to the defense applications of the technology.
- Space Forge plans to utilize existing space launch services instead of building its own rockets.
- The company's development includes innovative return technology, such as a heat shield called Pridwen to safely land materials back on Earth.
- Space Forge opened an office in Portugal to establish a return infrastructure in Europe for its materials.
Why it matters
- There is a growing global trend towards in-space manufacturing, influenced by supply chain vulnerabilities exposed during the COVID-19 pandemic.
- Concerns over semiconductor reliance on Taiwan have intensified discussions about homegrown semiconductor production, which Space Forge aims to address.
- The climate tech movement is pushing for sustainable and carbon-negative technologies, aligning with Space Forge's goals.
Space Forge's advancements could reshape semiconductor production by utilizing space's unique environment, addressing both supply chain risks and sustainability, while making strides toward successful missions to demonstrate its technology.