Space Forge, pioneers in space-based advanced materials manufacturing and return technology, today announced the completion of its record-breaking £22.6 million (c. $30 million) Series A funding round—the largest Series A in UK space tech history.
The round was led by the NATO Innovation Fund, with significant support from a strategic global consortium including World Fund, the National Security Strategic Investment Fund (NSSIF) and the British Business Bank through its Regional Angels Programme.
By harnessing the unique conditions of space—including microgravity, vacuum, and extreme temperature differentials—Space Forge is unlocking the ability to manufacture materials that are impossible to produce on Earth. These advancements have wide-reaching applications in semiconductors, quantum computing, clean energy, and defence technologies.
Research suggests space-made materials could cut CO₂ emissions by 75% and energy use by 60% in key infrastructure, offering a powerful tool for strengthening climate resilience.
This investment will accelerate the development of ForgeStar®-2—Space Forge’s next-generation returnable manufacturing satellite—while supporting the company’s first in-orbit demonstration mission, ForgeStar-1, set to launch in 2025.
Together, these missions will demonstrate a scalable, reusable platform for manufacturing high-performance materials in space—delivering breakthroughs for security, clean energy and infrastructure. The technology offers a promising pathway to strengthen supply chains for semiconductor production, reducing dependence on vulnerable Earth-based manufacturing systems.
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. Our upcoming launches will prove that the future of materials innovation lies beyond Earth, helping us build a more secure, sustainable, and technologically advanced world.
Joshua Western, Co-founder & CEO
We are excited to be supporting Space Forge – a company that is innovating material manufacturing, while also advancing Europe’s access to space, supply chain independence and long-term resiliency. We look forward to working with the Space Forge team to leverage their technological breakthroughs in order to secure the future of NATO nations.
Chris O’Connor, Partner at NATO Innovation Fund
Demand for computing power is doubling every two months. Europe imports 80% of its chip supply, with 90% of the world’s most-advanced semiconductors coming from Taiwan. A geopolitical escalation there could have catastrophic consequences for Europe. We urgently need a resilient, homegrown supply of the next-gen supermaterials required for the future of compute. We also need this homegrown chip supply to be produced sustainably.
Daria Saharova, General Partner at World Fund
We are pleased to participate in this funding round which recognises Space Forge as an exciting engine for growth in the UK's semiconductor and space sector. As strategic investors, NSSIF is focused on shaping the dual-use technology ecosystem and looks forward to supporting Space Forge’s next stage of growth, in line with the ambitions of both the National Space and Semiconductor Strategies.
National Security Strategic Investment Fund
