Thursday, April 24, 2025

Spacetech startup raises $15.5 mn to reap pure sources from Moon

Published on

Advertisement


SAN FRANCISCO: Interlune, a spacetech startup led by former Blue Origin leaders, has quietly raised $15.5 million in new funding and goals to shut one other $2 million, in response to its submitting with the US Securities and Alternate Fee (SEC).

Interlune is led by Rob Meyerson, an aerospace government who was president at Blue Origin for 15 years, studies TechCrunch.

The startup is concentrated on harvesting sources from the Moon. It closed a $1.85 million seed spherical in 2022.

“We goal to be the primary firm that harvests pure sources from the moon to make use of right here on Earth, ” Interlune CTO Gary Lai was quoted as saying in latest studies.

“We’re constructing a very novel method to extract these sources, effectively, cost-effectively and in addition responsibly. The aim is absolutely to create a sustainable in-space financial system.”

Lai had a 20-year stint at Jeff Bezos-run Blue Origin, the place he grew to become chief architect for house transportation methods, together with launchers and lunar landers.

“Harvesting pure sources from house to learn Earth and set up an in-space financial system, ” learn the startup’s description on its web site.

“Earth’s future is in our orbit, ” it provides.

Interlune just lately acquired a grant from the US Nationwide Science Basis (NSF). That grant, amounting to $246, 000, helps efforts to develop a system that would kind out moon filth by particle measurement.

Latest articles

Trump Expresses Robust Assist For India After Lethal Pahalgam Terror Assault

Within the aftermath of a devastating terror assault that killed 26 vacationers in...

Delhi Faces Scorching Heat with Maximum Temperature Expected to Reach 41°C Amid Poor Air Quality

Delhi, the capital of India, is bracing for an intense heat wave as the...

Pahalgam Under Siege: Amit Shah’s Visit Highlights National Resolve Against Terror

In the wake of a brutal terror attack in the scenic town of Pahalgam...
Advertisement
Advertisement