NewOrbit closes oversubscribed $18.5M Series A to build commercial VLEO satellites, targeting first flight in 2028
Reading, UK-based NewOrbit has closed an oversubscribed $18.5 million (€16 million) Series A to scale spacecraft for very low Earth orbit (200–300 km). The company is targeting its first VLEO-capable NEO-1 flight in 2028, aiming at sharper Earth-observation imagery and lower-cost missions than conventional LEO or higher-altitude approaches.