Satellite component manufacturer CubeSpace raises R55m in new funding
Cubesats are much cheaper to build and launch than traditional satellites, making them an option for universities, research institutions and start-ups
10 February 2025 - 15:08
CubeSpace, a satellite component manufacturer started at Stellenbosch University, has raised R55m of new capital to expand its business, in a funding round led by asset manager Futuregrowth.
The start-up, which has been in the industry for a decade, is a spin-out company of Stellenbosch University. It specialises in altitude determination and control system (ADCS) solutions for more than 150 global clients. ADCS is responsible for maintaining a satellite’s orientation and stability in space...
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