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Fleet Space Technologies has completed a successful Series C funding round, raising a further $50 million Australian dollars ($33.14 million), the company
Mike Cannon-Brookes first invested six years ago in the space company which is using mini-satellites to speed up lithium and copper exploration.
Fleet Space Technologies' value has more than doubled after raising $50m in an "oversubscribed" fundraising round on the back of its satellite-based mineral exploration technology rollout.
The full potential for companies operating in the space ecosystem is yet to be realized, but recent advances in technology, rapidly increasing private sector investment, and rising demand for space data and related products and services are propelling growth in the sector.
VALO’s Aaron Hickmann hopes a sustainability-focused award in this year’s 40 Under 40 Awards will inspire a greener future for South Australia.