Minerva Space Technologies announces that it has secured an investment of $ 150 million to launch a marketplace for “non-fungible” digital assets in space infrastructure and to operate satellites in GEO and cislunar orbit to generate space data from authenticated multimode sensors.
Minerva Space Technologies will bring to market a set of space technology and infrastructure services built around space domain knowledge (SDA) as needed for space operations. It will do this through a negotiated, unified ecosystem of trusted and authenticated space-residing object (SRO) data delivered to users in a way that helps them quickly achieve an increased state of operational wisdom in space.
“We should not operate in a space limited by tools, technologies and procedures developed decades or centuries ago” noted Nelson Santini, CEO of Minerva. “Operating in space is more complex than flying or navigating the oceans. We want to elevate the user experience using AI / AR technologies and, in turn, improve their current level of operational knowledge of the space domain. “
With both talent and financial resources, Minerva Space Technologies actively collaborates with industry partners to maximize the potential of its “war chest” and accelerate the market introduction of capabilities of interest to agencies. commercial and federal government.
“We are 100% committed to helping owners and operators in the United States and Allied nations maximize the lifetime intended use of their commercial and national security assets in the GEO and Cislunar space.” noted Michael Bouchard, Chairman of the Board of Directors of Minerva Space Technologies. “We want to be the first to market our blockchain and NFT technologies in the space, and become the standard by which other SDA companies are measured.”
Minerva Space Technologies expects to have around $ 500 million to expand its core technology offerings once its MVPs and solutions have been operationally tested. He plans to do so through both acquisitions and organic growth. The initial constellation assets are expected to be in orbit and operational by the end of 2023.