SkyKraft attracts top investors to capital raising

Satellite services company SkyKraft has attracted a raft of top investors to a $3.5 million capital raising that will continue its rollout of SmallSat communications satellites.

The Canberra company’s new investors include former Macquarie Bank CEO Alan Moss, Lennoxgrove Capital and Adcock Private Equity.

Skykraft, based at the UNSW Canberra City, also recently received $1 million from the ACT government to further its plans.

Skykraft will launch its first 300-kilogram satellite on SpaceX’s upcoming SmallSat Rideshare Transporter-5 mission in June 2022, followed by a further launch on Transporter-6.

The UNSW Canberra City-based firm hopes to roll out a full constellation of more than 200 satellites in 2023.

The company designs and manufacture SmallSats for the delivery of global space-based Air Traffic Management services.

Operations are planned to start in 2023.

SkyKraft’s founders Dr Doug Griffin and Dr Craig Benson have satellite mission experience including with the European Space Agency (ESA) and NASA missions, RAAF and UNSW Canberra Space.

Picture: SkyKraft

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