Orbit Fab raises >$25M interim financing and appoints new CEO
42 FOMOPeter Shaper, a private-equity veteran previously of CapRock and Speedcast, became CEO. Stride Capital led more than $25 million of interim financing while the company opened a larger Series B targeted at $30–50 million. The capital and leadership change support upcoming demonstration missions and commercial refuelling contracts.
Why it matters
Leadership transition and fresh capital signal the move from hardware qualification to revenue-generating refuelling services.
The numbers
Details
Funding
- Round
- series b
- Lead investor
- Stride Capital
- Investors
- Stride Capital
Coverage
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Orbit Fab ·
Orbit Fab Announces New Leadership, Board Appointments, and Opening of Series B FinancingOrbit Fab appointed Peter Shaper as CEO, secured more than $25 million in interim financing led by Stride Capital, and formally opened its Series B round. Founding CEO Daniel Faber stepped down as the company shifts from technology development to commercial operations.
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Peter Shaper, a private-equity veteran previously of CapRock and Speedcast, became CEO. Stride Capit