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ElevationSpace Secures $40M Series B Funding

June 22, 2026

2 min read

Key Takeaways

ElevationSpace raises $40M in Series B funding.
Total funding now stands at $63.5M.
Investors include SPARX Asset Management and Beyond Next Ventures.
Company targets 2029 demonstration on the ISS.

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Strategic Implications

This funding may indicate growing interest in satellite reentry technology, suggesting a potential shift in the space industry towards more sustainable and efficient operations. ElevationSpace's expansion into European and US markets could strengthen its competitive position in the global space transportation sector.

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What Happened

Japanese Satellite Reentry Startup Expands Global Reach

ElevationSpace, a Japanese satellite reentry startup, has secured $40M in Series B funding, bringing its total funding to $63.5M. The company is developing an in-orbit transportation network, including the ELS-R and ELS-RS platforms, with a demonstration planned for 2029 on the ISS. With this funding, ElevationSpace aims to expand into European and US markets, having already announced partnerships with Isar Aerospace, Axiom Space, and Redwire. This development was first reported by Payload Space.

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