Inversion Space, an aerospace company based in Los Angeles, has successfully raised $44 million in a Series A funding round. The funding will be used to enhance the development of reentry vehicles designed for cargo delivery from space.

Funding Round and Strategic Agreement

The funding round was led by Spark Capital and Adjacent, with participation from Lockheed Martin Ventures, Kindred Ventures, and Y Combinator. This brings the total capital raised by Inversion to $54 million.

In addition to the funding, Inversion has secured a Strategic Funding Increase (STRATFI) agreement with the Space Force’s SpaceWERX, valued at $71 million, to support the development of reentry vehicles for military applications.

Development and Expansion

The funds will primarily be allocated towards the development of Arc, Inversion's reentry vehicle, with the first flight scheduled for 2026. The funding will also enable Inversion to expand its workforce and transition to a new facility.

Investor Interest and Future Plans

The Series A funding round attracted a diverse group of investors, highlighting the potential of space-based delivery services to transform global logistics. Inversion is also exploring opportunities to collect data during reentry and conduct in-space testing of hardware.

Acquisition and Launch

The recent funding announcement follows Inversion's acquisition of a reentry license from the Federal Aviation Administration (FAA) for its demonstration spacecraft, Ray. The company remains on track to launch Ray on SpaceX's Transporter-12 rideshare mission.

Growing Interest in the Commercial Space Sector

Inversion's ambitious plans and recent funding achievements reflect the growing interest in the commercial space sector.