With its new $40 million Series A round, Space Perspective says it is fully funded through the start of commercial operations of its stratospheric ballooning system, currently projected to be in late 2024.
by Jeff Foust
HUNTSVILLE, Ala. — Space Perspective, a company developing a stratospheric ballooning system intended to give people views like those from space, has raised $40 million to fund the company through the start of commercial operations.
Space Perspective announced Oct. 14 the Series A round, led by Prime Movers Lab, a “deep technology” venture capital fund. Several existing investors joined the round, along with new investors LightShed Ventures, a consumer and media VC fund, and Explorer 1 Fund, a new commercial space VC fund.
“We firmly believe that Space Perspective is the best-positioned company to democratize space tourism,” Anton Brevde, partner at Prime Movers Lab and a member of the board of Space Perspective, said in statement. “It’s clear that there is massive consumer demand to explore this final frontier, and we believe Space Perspective will provide the most accessible way for travelers to experience space.”
Space Perspective will use the funding to complete development of its Spaceship Neptune stratospheric balloon system, featuring a capsule designed to carry eight passengers and a pilot to an altitude of 30 kilometers. The capsule will spend two hours at that altitude before slowly descending to an ocean splashdown.
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