KKarman Plus targets near-Earth asteroids, especially carbonaceous ones, to extract water and other materials for space use and potentially Earth applications. The approach centers on planning and executing asteroid mining missions (starting with the 2026 High Frontier) and developing the necessary spacecraft, mining techniques, and processing methods, including offering payload opportunities. It differentiates itself by entering the space-resource market early and using multiple revenue streams: selling extracted materials to agencies and companies, selling payload slots on missions, and licensing mining technology. Its goal is to enable sustainable space exploration by supplying in-space resources and supporting resource sustainability on Earth.
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$46M
Headquarters
Denver, CO
Founded
2022
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Total Funding
$46M
Above
Industry Average
Funded Over
3 Rounds
Industry standards
Karman+ secures $20 million in funding to develop low-cost asteroid mining technology aimed at supplying fuel and resources for the expanding space economy.
Karman+, a pioneering startup, has secured $20M in seed funding to develop autonomous spacecraft for asteroid mining. Their goal is to extract resources like water from asteroids to refuel space tugs and extend satellite lifespans, potentially revolutionizing space resources. By leveraging autonomous technology, Karman+ aims to reduce mission costs significantly. Despite challenges, their 2027 launch target is supported by investors like Plural and Hummingbird Ventures.
Investors on the lookout for startups working at the frontiers of technology are casting their nets ever further into unchartered territory, sometimes
Karman Holdings Inc. announced the pricing of its IPO, offering 23 million shares at $22 each. The offering includes 8.42 million shares from Karman and 14.58 million from existing stockholders, with no proceeds to Karman from the latter. Shares will trade on the NYSE under "KRMN" starting Feb. 13, 2025. Underwriters have a 30-day option to buy an additional 3.45 million shares. Citigroup and Evercore ISI are leading the offering. The IPO aims to raise funds for general corporate purposes.
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We're working on gathering enough insights on this company, check back soon!
Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$46M
Headquarters
Denver, CO
Founded
2022
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs