An expansion of NorthStar to Luxembourg

Canadian startup NorthStar Earth & Space strategies in order to set up European headquarters in Luxembourg. This is after receiving an investment from the nation’s government-backed venture capital fund.

The Luxembourg Future Fund (LFF) says on 17th December that it is joining a $45 million investment round. This is for Montreal-based NorthStar, which is evolving a constellation of commercial imagery satellites. This is in order to monitor what is happening in orbit and down under.

LFT is co-investing in the round with Telesystem Space Inc which is a family-owned technology fund based in Canada.

NorthStar says it will form a Luxembourg-based “center of excellence” for the following as a part of the program –
  • Space Situational Awareness (SSA)
  • Space Domain Awareness
  • Space Traffic Management
Activities in the nation will concentrate on space-based object tracing and observing services, as per NorthStar. It is creating a 52-satellite constellation split between the below –
  • 12 Skylark SSA satellites
  • 40 spacecraft for monitoring Earth

The startup is primarily focusing on the SSA segment. A French-Italian producer Thales Alenia Space is constructing the first three Skylark satellites for a launch in the first quarter of 2023.

NorthStar announces on 24th August that Canada’s administration provisionally approves the constellation. This is thereby putting the startup on track for a proper license ahead of launching the first satellites.

LFF invests in other space companies, including the following companies –
Franz Fayot, Luxembourg’s Minister of the Economy, says the following in a statement:
  • “Luxembourg has a long-celebrated status for designing pioneering alliances with private space firms that produce technological innovations and improvement. This is for sustainable activities both in Space and on Earth.”
  • “The venture in NorthStar is further fostering the ongoing expansion and growth of Luxembourg’s space capabilities.”

NorthStar’s American headquarters are located in the Washington, D.C. metro area.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *