Investors on the lookout for startups working at the frontiers of technology are casting their nets ever further into unchartered territory, sometimes
Karman Space & Defense, a startup focused on asteroid mining, has raised $20 million in a Series A funding round led by Prime Movers Lab, with participation from investors like Airbus Ventures and Space Capital. The company aims to develop autonomous spacecraft capable of extracting resources from asteroids, which could be used for space exploration or brought back to Earth. The funds will be used to advance their technology, particularly in areas like autonomous navigation, resource extraction, and processing in space. Karman's approach involves creating spacecraft that can operate independently for extended periods, reducing the need for human intervention and thereby cutting costs and increasing efficiency. This investment reflects growing interest in the commercial potential of space resources, with Karman positioning itself at the forefront of this emerging industry.
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