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NewOrbit Space Raises $18.5M Series

Recently funded · $18.5M Series aTechnology, Information and MediaGBView source

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Pushing the boundaries of satellite technology, NewOrbit Space has secured $18.5M in Series A funding to develop spacecraft capable of operating in Very Low Earth Orbit. The company is tackling the engineering hurdles of maintaining satellites at around 250 km, an altitude less than half that of conventional orbits, where Earth observation is sharper and communications are faster.

The round drew support from a diverse group of investors including Voyager Ventures, Atlantic.vc, Lifeline Ventures, LGF, Illusian, Custos, David Kirk, and Lawrence Leuschner. NewOrbit Space aims to open what it calls a "new continent in space" by making these challenging orbits accessible.

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Traded: · Jun 8, 2026

NewOrbit, a Reading-based space startup founded by Anatolii Papulov and Ruslan Rakhimov, has raised an oversubscribed $18.5 million Series A led by Voyager Ventures, bringing its total funding to $27.8 million.

The company is building satellites for very low Earth orbit (180–250 km), where it says image resolution and signal strength are significantly improved, starting with its NEO-1 satellite planned for launch in 2028. The new capital will support development of its air-breathing propulsion system and the buildout of its Thames Valley production facility, as it pushes to commercialize sustained operat

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