Type One Ventures co-leads Series A | Lunar Outpost Secures Funding to Accelerate Commercial Pursuits on the Moon

November 13, 2024

Article by Media Team

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Lunar Outpost, a leader in lunar surface mobility, commercial space robotics, and space resources, has secured a Series A funding round co-led by Type One Ventures—backers of Argo Space and SpaceX—and Industrious Ventures, investors in Starfish Space, ICON, and Stoke Space. Promus Ventures and other notable funds also participated in the round.

This investment will accelerate Lunar Outpost’s active programs, including its work on NASA’s Lunar Terrain Vehicle Services (LTVS) contract, its collaboration with the Australian Government to expand the country’s space exploration efforts, and its partnership with the Luxembourg Space Agency to enhance operational viability on the Moon, in cislunar space, and in extreme environments on Earth.

“The rise of reliable travel to the Moon is enabling an extended lunar presence and scalable commercialization,” said Justin Cyrus, founder and CEO of Lunar Outpost. “With over $291 billion in private capital invested across the space sector since 2015, we’re witnessing a transformation in the value chain. What was once NASA’s sole responsibility—R&D, lunar and Mars missions, infrastructure, and capital—is now being driven by commercial companies.”

At Type One Ventures, we believe in investing in the frontier technologies that make space accessible and commercially viable. Lunar Outpost’s pioneering work in building repeatable, scalable lunar logistics is a perfect example of the new space economy in action. By working alongside both public and private partners, Lunar Outpost is laying the foundation for permanent commercial access to the Moon, Mars, and beyond.

This latest funding round ensures that Lunar Outpost will continue leading the charge in developing the critical infrastructure needed to unlock the Moon’s vast potential and establish a thriving space economy.

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