OEM : Aerospace : In-Space Manufacturing
Varda is creating a three-piece spacecraft, consisting of a commercially-available spacecraft platform, the manufacturing module, and a heatshield-protected capsule to reenter through the atmosphere and land under parachutes. The company is aiming to have its first launch and reentry in 18 months, with the goal of bringing back about 100 kilograms (or 220 pounds) of material. Varda is at preliminary design review-level currently, Bruey said, going through final details with regulators and stakeholders.
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Varda Raises $42MM Series A, to build humanity’s first Space Factories
Varda Space Industries, a company building space factories, announced a $42mm Series A. The company — founded just 8 months ago — has raised over $53mm to date, showing the appetite for Varda’s near-term, pragmatic, and commercially viable approach to space manufacturing. The company produces an assortment of materials that are only possible to make in the zero-gravity environment of space and brings them back to customers on Earth. The company will launch its first space factory in Q1 2023 and return a first batch to Earth a month later.