Orbital Matter are transforming the way space equipment is built by moving it to space, thanks to theirr 3D printing technology.
The space industry will triple its size to US$1.4T by 2030, but the rocket trip still remains its major bottleneck. At US$150B, the international space station was the most expensive construction in history, requiring 30 rocket trips.
Orbital Matter can save 70% of the cost of large space infrastructure by manufacturing it directly in exposed space with their 3D printing technology. If their manufacturing method was used for the construction of the ISS, it could’ve been completed with just nine rocket launches.
The Company has six LOIs signed with space industry players, created a working early prototype, and is working on its first pilot project. It also already received a commitment from a business angel who raised €30M for a startup in the 3D printing industry.