10:57:25 PM PST - Monday, December 5th, 2022

Gravitics raises $20M to make the essential units for living and working in space  

By Editor - Thu Nov 17, 3:47 am

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The space industry is on the cusp of a revolution. The cost of launch, which has dramatically decreased over the past five years, will continue to drop as heavy-lift rockets like SpaceX’s Starship and Relativity’s Terran R become operational. Parallel to these developments, multiple private companies have introduced plans to build commercial space stations for science, manufacturing and even tourism. If space stations are the next phase of business in orbit, they’re going to need standard parts — and Gravitics aims to be the one making them. The startup is headed by space industry veteran Colin Doughan, who surveyed these currents and saw a gap in the market. Doughan’s career spans a nearly 20-year tenure at Lockheed Martin, where he worked as a senior finance manager dealing with large satellite constellations for government customers. He also co-founded Altius Space Machines, which was eventually purchased by Voyager Space in 2019. Private station operators “are going to need an easy LEGO brick to build in space,” he told TechCrunch in a recent interview: versatile, modular hardware to let humanity build in space at scale.

Originally posted here:

Gravitics raises $20M to make the essential units for living and working in space

  • Comments Off on Gravitics raises $20M to make the essential units for living and working in space

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