In addition to the new investor Bayern Kapital, existing shareholders are also injecting further capital into the StartupThe money will finance, among other things, the construction of the first micro factory near Munich. Reflex Aerospace expects to further expand the seed round later this year. In addition, the Starburst Accelerator the company in building its international business, especially in the USA and France.
Reflex Aerospace's first satellite is scheduled to launch in 2024
The company has booked a launch slot on a SpaceX Falcon 9 rocket for fall 2024. A 120-kilogram Reflex demo satellite is scheduled to be launched into space and validate new technologies for the first time in space. The satellite is currently being developed and will then be assembled at the planned Micro Factory in Munich.
"As a new space startup, we are naturally eager to demonstrate the performance of our technologies directly in space. We are therefore delighted that this milestone is within reach with our first permanent rocket launch site,"
says Walter Ballheimer, CEO of Reflex Aerospace.
"The increase in our financing confirms our investors' confidence in this goal. With this momentum, we are driving forward the construction of our first Micro Factory, which we will open in Munich in the second half of 2023. We are also fully on track to nearly double our workforce across all locations to around 50 employees in 2023."
