starburst

starburst

Image courtesy of Outpost.Space

Los Angeles’ reusable rocket scene is blowing up, with firms like Rocket Lab, Relativity Space, Varda and Masten Space Systems taking SpaceX’s lead and developing spacecraft that can be launched multiple times. But until recently, there weren’t many firms focused on recycling satellites.

Enter Outpost, a Santa Monica-based maker that’s trying to make the small satellite market more sustainable. Outpost announced Tuesday it has raised $7.1 million in a seed round led by Moonshots Capital. The company will use the funding to continue building its technology and hire more talent both locally and remotely.

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GeekWire Photo / Kevin Lisota

This last year was a watershed for the commercial space economy. An incredible amount of capital was invested in the new aerospace economy, surpassing the likes of legacy space heavyweights Boeing and Airbus. The year saw incredible financial exits from California-based companies Momentus, Planet, Rocket Lab and Astra, among others (Long Beach-based Virgin Orbit is set to go public in 2022). And it captured the public’s attention with billionaires floating in microgravity.

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