Saturday, February 03, 2024
A stealth startup led by former Blue Origin executives, specializing in moon resource harvesting, has recently secured a new round of funding.
At the helm of this ambitious venture is Gary Lai, an aerospace executive with a 15-year tenure as president at Blue Origin. Lai's leadership and experience in space technology play a crucial role in steering the startup's innovative path.
The startup, known as Interlune, has been relatively silent about its technology and plans. However, it has made a notable move by raising $15.5 million in new funding. This financial influx signifies growing investor interest and confidence in the company's moon-focused initiatives.
Beyond its recent funding, Lai’s involvement in the space industry extends to angel investments in other promising hardware startups like Axiom Space, Starfish Space, Hermeus, and Hadrian Automation. These investments reflect a broader vision of advancing space technology and exploration.
While details about Interlune's technology and specific plans remain under wraps, the recent funding round is a clear indicator of the startup's potential impact in the burgeoning space industry, particularly in the realm of lunar resource utilization.
As the startup progresses, it is expected to play a pivotal role in shaping the future of lunar exploration and exploitation, aligning with the growing global interest in space economics and sustainability.
This development in space entrepreneurship underscores a significant trend towards private sector involvement in space exploration, where companies like Interlune are poised to pioneer new frontiers beyond Earth.
Michael Kelly is the founder of Candlestick Media and The Milwaukee Post. He's a software developer by trade who took a liking to entrepreneurship after graduating college. He founded The Milwaukee Post in September of 2024.
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