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NewOrbit Raises $18.5M for VLEO Satellites

June 8, 2026

1 min read

Key Takeaways

NewOrbit raises $18.5 million in Series A funding.
Funding will support first mission and satellite production.
NewOrbit aims to provide commercial VLEO service starting in 2028.
Satellites will offer high-quality imagery and faster data speeds.

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Strategic Implications

NewOrbit's funding may indicate growing interest in VLEO technology, which could unlock new paradigms in the space economy, such as 5G direct-to-device connectivity and live HD video. The investment suggests a shift towards more affordable and efficient satellite operations, which could benefit various industries and applications.

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What Happened

UK Startup Develops Affordable Satellites For Low Earth Orbit

NewOrbit Space, a UK startup, has raised $18.5 million in a Series A investment round to develop satellites for very low Earth orbit (VLEO). The funding will support the company’s first mission, attract customers, and establish a production facility for affordable satellites. NewOrbit plans to provide commercial service starting with its first flight in 2028, offering high-quality satellite imagery and faster data speeds. This development was first reported by SpaceNews.

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Companies Mentioned