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Gilmour Space Technologies has raised $217 million in funding, led by the National Reconstruction Fund Corporation and Hostplus, marking its status as Australia's newest unicorn with a valuation exceeding $1 billion. This funding aims to enhance Australia's sovereign launch capabilities and reduce reliance on foreign providers like SpaceX.

Gilmour's Eris rocket had its first test flight in July 2025, lasting 14 seconds before crashing. The company plans a hypersonic sub-orbital test flight in Q2 2026 and a second orbital attempt in Q3. The investment includes contributions from various institutional investors, signaling strong confidence in the Australian space sector. Gilmour Space currently employs 235 staff and operates the Bowen Spaceport, Australia's only licensed orbital spaceport.