Gilmour Space secures $217M to scale Australian space manufacturing

Gilmour Space Technologies has secured $217 million (US$145 million) in private equity funding to expand its Australian manufacturing operations and support the next phase of growth in domestic space capability.

In a news release, the company said the investment round, announced in Queensland, is aimed at scaling rocket and satellite manufacturing as part of Australia’s sovereign space ambitions.

The Series E raise was jointly led by the National Reconstruction Fund Corporation and Hostplus, with participation from the Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main Sequence, QIC and Brighter Super.

Gilmour Space said the funding lifts its valuation above $1 billion, citing the strategic importance of its space technology, manufacturing base and supply chain across the region.

Founded on the Gold Coast, Gilmour Space is developing an end-to-end space capability in Australia, covering the design, manufacture, testing and launch of rockets and satellites.

www.australianmanufacturing.com.au