Connect with us

Hi, what are you looking for?


QPS Research Institute Raises $7.6m to Accelerate Small SAR Satellite Constellation

QPS Research Institute Secures $7.6m in Funding for Expansion of Small SAR Satellite Constellation

On March 9, QPS Research Institute announced it had raised approximately $7.6 million through third-party allotments, bolstering its efforts to build a constellation of small synthetic aperture radar (SAR) satellites.

Backing the project are four prominent underwriters: MSIVC2021V Investment Business Limited Liability Union, operated by SKY Perfect JSAT, Nippon Koei, and Mitsui Sumitomo Insurance Capital, along with Real Tech Growth Fund No. 1 Investment Business Limited Liability Union, jointly managed by NAMY and Ibis Capital Partners. The latest funding round brings the total amount raised to approximately $69.92 million.

In October 2022, QPS Research Institute suffered a setback when two small SAR satellites, QPS-SAR 3 and 4, were lost due to a rocket failure. Undeterred, the company has secured launch contracts for the subsequent satellites with Virgin Orbit and SpaceX.

The newly acquired funds will be allocated towards the construction of a new factory for mass satellite production and the development and operation of satellites beyond the eighth unit, further solidifying QPS Research Institute’s position in the growing space industry.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *



You May Also Like