The Skykraft team in the Canberra manufacturing facility with Block III satellites before shipping to the US. Source: Skykraft
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A space technology company based in Canberra has locked in one of the largest startup funding deals in Australia this year, securing $120 million from investors to fuel its mission to disrupt air traffic management.
Founded in 2017, Skykraft designs and produces small satellites that can be used to improve the way air traffic control and aircraft communicate with each other.
The tech company has already launched 10 such satellites this year, and plans to launch more throughout in 2024 to complete in-orbit training. In 2025, it plans to deploy its initial constellation of hundreds of satellites in low-earth orbit.
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