A stealth startup led by ex-Blue Origin leaders, targeted on harvesting sources from the moon, has quietly closed a large new tranche of funding, based on regulatory paperwork.
Interlune, a startup that’s been round for at the very least three years however has made nearly zero public bulletins about its tech, has raised $15.5 million in new funding and goals to shut one other $2 million. A consultant for Interlune declined to touch upon this story.
That is the primary public indication that the corporate has closed any funding since a $1.85 million seed spherical in 2022.
A lot of what’s identified concerning the startup was reported by GeekWire final October, when Interlune CTO Gary Lai briefly described the startup throughout a speech at Seattle’s Museum of Flight: “We intention to be the primary firm that harvests pure sources from the moon to make use of right here on Earth,” he reportedly mentioned. “We’re constructing a very novel strategy to extract these sources, effectively, cost-effectively and in addition responsibly. The aim is admittedly to create a sustainable in-space financial system.”
Lai is an aerospace engineer whose resume features a 20-year stint at Blue Origin, the place he ultimately turned chief architect for area transportation techniques, together with launchers and lunar landers. Interlune is being led by Rob Meyerson, an aerospace government who was president at Blue Origin for 15 years. Meyerson can also be a prolific angel investor, with investments in well-known {hardware} startups together with Axiom House, Starfish House, Hermeus and Hadrian Automation.
The submitting with the U.S. Securities and Alternate Fee additionally lists legal professional H. Indra Hornsby as an organization government. Hornsby beforehand held the place of normal counsel at BlackSky and Spaceflight Industries, and in addition labored as an government VP at Rocket Lab.
What little else is understood of Interlune’s tech comes from an summary of a small SBIR the startup was awarded final yr from the Nationwide Science Basis. Underneath that award, the corporate mentioned it’ll intention to “develop a core enabling expertise for lunar in situ useful resource utilization: the power to kind ‘moon grime’ (lunar regolith) by particle measurement.”
“By enabling uncooked lunar regolith to be sorted into a number of streams by particle measurement, the expertise will present acceptable feedstocks for lunar oxygen extraction techniques, lunar three-dimensional printers, and different functions,” the summary says.
A rising variety of area startups are specializing in what’s often called in-situ useful resource utilization (ISRU), or amassing and reworking area sources into helpful commodities. A lot of that is pushed by NASA’s said precedence to construct a long-term human outpost on the moon by way of its Artemis program: The company acknowledges that longer-term stays in area would require the power to generate supplies regionally — whether or not that’s to construct roads, produce breathable air and even make rocket propellants.
However it isn’t simply startups which are attempting to commercialize ISRU tech; final yr, Blue Origin introduced that it had made photo voltaic cells and transmission wires out of a fabric that’s chemically similar to lunar regolith.
In its February 2023 announcement on the tech, Blue Origin mentioned, “Studying to stay off the land – on the Moon and on Mars – would require intensive collaboration throughout the ISRU neighborhood.” The phrase is echoed in Interlune’s summary: “Using the Moon’s sources is a disruptive functionality that may allow missions there to ‘stay off the land,’ making the event of this expertise necessary for presidency businesses and business alike.”