Dawn Aerospace's Mark 2 Aurora vehicle during an test flight. Credit: Dawn Aerospace
WASHINGTON — Dawn Aerospace has raised $25 million to scale up its work in both in-space transportation and suborbital spaceplanes.
The company, with facilities in New Zealand and the Netherlands, announced June 16 that it closed a Series B round led by venture capital firm Balerion Space Ventures, with participation from several new and existing investors. The round values Dawn at $196 million.
The company plans to use the funding for a global rollout of its services, establishing teams in the United States and Europe to support customers for satellite propulsion, in-space refueling and its Aurora suborbital spaceplane.
Dawn currently sells thrusters for spacecraft that have flown on more than two dozen missions for government and commercial customers. The company said its annual revenue has grown from $3 million in 2022 to $15 million today, with the company cash-flow positive.
