The spaceplane company has raised US$25 million (NZ$43m) in its latest funding round, rocketing the company to a US$195m (NZ$335m) valuation.
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Dawn Aerospace chief executive Stefan Powell with the Mk-II Aurora spaceplane.
Spaceplane company Dawn Aerospace has raised US$25 million (NZ$43m) in its latest funding round, rocketing the company to a US$195m (NZ$335m) valuation.
The New Zealand-Dutch company with roots in Christchurch, said the Series B funding round was led by US-based Balerion Space Ventures.
It was also backed by various global investors, including Mana Ventures, ANA Future Frontier Fund and NZVC.
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The company's value has sky-rocketed to more than $330 million after a cash injection from largely international investors.
Dawn Aerospace has raised $25 million to scale up its work in both in-space transportation and suborbital spaceplanes.
Funds will go toward a project that could revolutionise the space sector.
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