According to filings with the U.S. Securities and Exchange Commission, Orbit Fab is raising $28,500,000.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Daniel Faber played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Orbit Fab
Orbit Fab was founded in 2018 to eliminate the single-use spacecraft paradigm with in-space refueling. Spacecraft are still limited to the amount of fuel they are launched with, which limits flexibility and poses long-term risks to the space environment. We resupplied water to the ISS, and launched the first commercial fuel depot into LEO. Our RAFTI refueling interface has become the industry-standard, and we have signed the first commercial and U.S. Government fuel delivery services deals. Orbit Fab is working with a network of partners to remove barriers for commercial use of on-orbit materials. Our focus is the products and services that have immediate demand. Our vision is to establish an on-orbit fuel depot, materials stockpile, and trading market.

To learn more about Orbit Fab, visit http://www.orbitfab.space/

Contact:
Daniel Faber, President and Chief Executive Officer
650-291-0118
https://www.linkedin.com/in/danielfaber/

SOURCE: http://www.intelligence360.io
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