July 8, 2024
1 Solar System Way, Planet Earth, USA
Space

ExoTerra raises $8 million to boost propulsion system production

SAN FRANCISCO – Colorado-based ExoTerra Resources raised $8 million to expand production of microsatellite propulsion systems. The Lago Innovation Fund, part of Lago Asset Management, provided the financing. The latest investment will help ExoTerra expand its staff and facilities, said ExoTerra CEO Michael VanWoerkom. SpaceNews By email. “Since our first successful demonstration of the Halo

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