Space Perspective lifts off following $40m funding round

Space Perspective, a luxury spaceflight experience company, has announced a $40m Series A financing round led by deep-technology VC firm, Prime Movers Lab, with additional participation from existing and new investors. The new injection of capital marks the first time a human SpaceBalloon company has raised this level of investment.

To date, Space Perspective has raised a total of $48m in funding, advancing the company to the phase of fulfilling commercial SpaceBalloon flights from late 2024 and beyond.

“This is an important milestone for Space Perspective, and we are thrilled to have secured this mission-critical support from Prime Movers Lab,” said co-CEO and Chief Technology Officer, Taber MacCallum. “Our successful, first test-flight in June, which lifted to the target altitude of 108,000 feet, signalled that all systems are ‘Go!’ for our sustainable approach to space tourism. Our brilliant engineers and safety experts have devised a fail-safe SpaceBalloon vehicle and propulsion system executed to the same exacting safety and performance standards befitting a NASA mission.”

“We are exhilarated by this significant investment by Prime Movers Lab and also deeply appreciative of new support from LightShed Ventures, the Explorer 1 Fund, and others,” said Space Perspective co-CEO and Chief Experience Officer Jane Poynter. “It’s a new day in space travel, and our investors are responding to a vocal and growing market of travellers seeking a safe portal for this ultimate journey.”

In addition to Prime Movers Lab, new investors include LightShed Ventures, a leading consumer and media VC firm; the Explorer 1 Fund, a commercial space VC firm founded by Jet Propulsion Laboratory fellow, Leon Alkalai; and Yamauchi no.10 Family Office, launched by the founding family of Nintendo Co.

Additional investors include entrepreneur, author and business strategist Tony Robbins; venture capital firms E2MC and SpaceFund, both experts in commercial space investments; Florida-based venture capital firm, Kirenaga Partners; tech-VC firm Base Ventures; and 1517 Fund.

“Prime Movers Lab’s team of engineers, subject matter experts, and advisors – who have decades of experience working for NASA, national research laboratories, and leading aerospace companies – conducted technical due diligence on Space Perspective’s team and patented SpaceBalloon technology, and we firmly believe that Space Perspective is the best-positioned company to democratize space tourism.” said Prime Movers Lab Partner and Space Perspective Board Member Anton Brevde. “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 travellers to experience space.”

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