🪐 Space race
Gilmour Space Technologies has plans to raise capital and win funding from the National Reconstruction Fund — but first, it has to get clearance to launch its rocket.
If, as Capital Brief has reported, the National Reconstruction Fund (NRF) announces its first investments in the coming weeks, one company that won’t be included is Gilmour Space Technologies.
The startup has been in talks with the NRF but is opting to wait until after its next capital raise before seeking support from the manufacturing fund.
“We’ve had discussions with the NRF, but we are waiting for our next capital raise before we fully engage them, and we have a good understanding on that,” co-founder Adam Gilmour said.
Before raising more capital, however, Gilmour wants to attempt his company’s first orbital rocket launch — a goal the startup has been working towards since its inception in 2012.
