Top 10 Aerospace Capital Raises in the U.S. – November 1st-15th, 2024
Several interesting transactions closed in the Aerospace sector over the past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition and Corporate
- Axillon Aerospace, provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets, was acquired by SK Capital Partners through an LBO.
- LeoStella, manufacturer of satellites designed for geospatial intelligence, was acquired by BlackSky. The acqusition enables BlackSky to improve control over the Gen-3 supply chain and production operations.
Later Stage VC
- Firefly Aerospace, manufacturer of orbital launch vehicles designed to provide economical and convenient access to space, raised $175 million through a combination of Series D-1, and Series D-2 venture funding in a deal led by RPM Ventures.
- Lunar Outpost, developer of space robotics designed to extend the presence on the lunar surface while having a positive impact on Earth, raised an undisclosed amount of Series A venture funding in a deal led by Type One Ventures and Industrious Ventures.
- ORB Aerospace, developer of an electric aircraft designed to revolutionize the aviation sector, raised $3.20 million in venture funding.
Early Stage VC
- Celerity Craft, manufacturer of dynamic air cushion vehicles (DACV) designed for marine transportation, raised a venture funding from WUTIF Capital.
- Chaos, operator of a technology company intended to build defense and critical industry technologies, raised $145 million of Series B venture funding in a deal led by Accel, Lerner Enterprises, Overmatch and 8VC.
Accelerator/Incubator
- Kon Aerosystems, developer of aviation and aerospace components designed to reduce environmental impact, joined University of Toronto Entrepreneurship.
- Origami Space, developer of space technology designed for making small satellites, joined The Catalyst Accelerator as a part of its 14th cohort.
- Pulsar Space Systems, developer of space technology designed to enhance efficiency and performance for businesses in the space sector, joined The Catalyst Accelerator as part of its 14th cohort.
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Jesus Tueme
Managing Director
Finance and banking executive with a global perspective, broad professional practice and extensive network in Latin America. 22 years at BBVA, BNPP and Credit Agricole. Successful deal-making track record with multinationals, major Latin American issuers and government agencies. Extensive experience in restructuring/special situations, initial public offerings, corporate strategy, evaluating alliances, mergers and acquisitions, corporate governance, risk management, customer centric and digital strategies, and financial analytics. BS in Economics from Mexico Monterrey Institute of Technology. MBA from the University of California Los Angeles in 1987. Graduated from Harvard Business School General Management Program. Further academic work on Risk Management at Stanford University and as a research and finance scholar at the Monterrey Institute of Technology.
- Email: jtueme@castleplacement.com
- (C) (646) 479-7616
Jesus Tueme
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: jtueme@castleplacement.com
(C) (646) 479-7616
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
