Phantom closes bridge funding round
SAN FRANCISCO – Phantom Space Corp. closed a bridge round to fund the Tucson, Arizona-based startup’s development and manufacturing of satellites and launch vehicles.
Phantom’s March 11 news release did not disclose the value of the latest round. To date, the company has raised about $37 million.
Phantom is developing Daytona, a launch vehicle for payloads with a maximum mass of 500 kilograms. In addition, Phantom plans to establish the Phantom Cloud small satellite constellation. Phantom Cloud is designed to provide satellite data backhaul services, on-orbit cloud storage and edge computing.
In addition to producing satellites for Phantom Cloud, Phantom sells small satellites. The first ESPA-class commercial satellite was delivered to a customer in 2022. (ESPA stands for Evolved Expendable Launch Vehicle Secondary Payload Adapter.)