Space forge raises £22.6m to build materials in orbit

Led by the NATO Innovation Fund, Space Forge’s funding round marks the largest Series A in UK space tech history. World Fund, the National Security Strategic Investment Fund (NSSIF) and the British Business Bank through its Regional Angels Programme provided ‘significant support’ to the round.

In a statement, Joshua Western, CEO & co-founder, Space Forge, said: “This funding marks a significant milestone, not just for Space Forge but for the entire space economy. With the backing of our investors, we’re accelerating our mission to make space a practical and accessible platform for industrial-scale manufacturing.”

Space Forge is realising the ability to manufacture materials that are difficult or impossible to produce on Earth by utilising microgravity, vacuum, and extreme temperature differentials found in space. 

According to the company, materials produced in orbit could reduce CO₂ emissions by up to 75 per cent and cut energy use by 60 per cent across high-value infrastructure like EV charging networks, cloud data centres and advanced telecoms. In automotive applications, they could halve electric vehicle charging time.