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New space funding paves the way for pioneering approaches to energy, communication and resources by Staff Writers London, UK (SPX) Mar 15, 2022
British space technology will help pioneer new approaches to energy, communications and resources, thanks to new projects from the UK Space Agency Science and Innovation Minister George Freeman announced the 2 million pound boost for 13 new projects during British Science Week (11-20 March), which aims to inspire interest in and celebrate science, engineering, technology and maths for people of all ages. The projects include Rolls-Royce developing a power station for space that could power the generation of water, breathable oxygen and fuels for solar exploration. Another will develop new imaging technology which can withstand the high radiation levels on Mars, while a third will build a communications tool for astronauts to tackle the delay in conversations between Mars and Earth. Engineers will also develop a robot that will search for resources such as oxygen and water in Moon rocks. Science and Innovation Minister George Freeman said: As we celebrate British Science Week, I am pleased to announce this 2 million pound package to support 13 new projects for the UK's brilliant scientists and engineers to help us take significant strides in space exploration and discovery. In addition to discovery breakthroughs, these projects will also ensure that people here on Earth benefit from new technology, including micro-reactor technology with the potential to support our Net Zero commitments. Abi Clayton, Future Programmes Director, Rolls-Royce said: The support of the UK Space Agency has been instrumental in enabling the continued progress of the Rolls-Royce Micro-Reactor development programme. This shows the true value of public and private partnership as we bring together the space domain experience of the UK Space Agency with our own unique nuclear expertise. Together we can achieve ambitious technological firsts for the UK as we develop the power systems of the future. The UK?has a leading role in space exploration and invested 180 million pounds over five years in the European Space Agency's global exploration programme in 2019. The UK, through Airbus,?is?leading on the Sample Fetch Rover, which will play a key role in the joint NASA/ESA Mars Sample Return mission - the first mission aiming to bring back samples of Mars to Earth. The UK is also supporting international efforts to return humans to the Moon, with industry expected to?build parts of the Lunar Gateway - a new space station that will orbit the Moon and provide a key stepping stone for human and robotic expeditions to the lunar surface. See full list of funded programs here
Slingshot Aerospace raises $25M in Series A-1 Funding Round Los Angeles CA (SPX) Mar 11, 2022 Slingshot Aerospace, Inc., a company building world-class space simulation and analytics products to accelerate space sustainability, has announced that it has raised $25 million in Series A-1 funds. The new money is in addition to the $9.6 million Series A funds raised in October 2020, bringing the total raised for the A and A-1 rounds to $34.6 million to date. The oversubscribed A-1 round was co-led by Draper Associates, the global venture capital firm of prominent Silicon Valley venture capita ... read more
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