Banking & Finance  April 19, 2023

Lafayette ‘space gas station’ developer raises $28.5M

LAFAYETTE — Orbit Fab Inc., a Lafayette aerospace company developing technologies to refuel spacecraft in orbit, has closed on a $28.5 million Series A fundraising round that will help it scale up its workforce and production of its Rapidly Attachable Fluid Transfer Interface (RAFTI) refueling ports.

“Orbit Fab’s on-orbit fuel shuttles can dock with and replenish spacecraft equipped with its RAFTI refueling interface, significantly extending mission life and return on investment versus expensive, inefficient one-and-done satellite missions and servicing and debris removal operations,” the company said in a news release. 

Orbit Fab, which recently opened an office in the United Kingdom and…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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