Northrop Grumman and Lockheed Martin have invested in startup Orbit Fab, which plans to launch two refueling shuttles as early as next year.
Northrop Grumman Corp. and Lockheed Martin Corp. have invested in a spacecraft refueling startup, deepening the aerospace industry’s investment in space-based services.
The military and aerospace contractors joined a more than $10 million financing round for San Francisco-based Orbit Fab Inc., which plans to launch two refueling shuttles as early as next year, said Orbit co-founder Jeremy Schiel. The companies declined to disclose the amounts. Orbit Fab said it has now raised $17 million in funding.
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