Gilmour Space Technologies Secures $217 Million Funding to Advance Australia's Space Launch Capabilities
Gilmour Space Technologies has secured $217 million in funding, led by the National Reconstruction Fund Corporation and Hostplus, elevating the company to unicorn status with a valuation over $1 billion. The investment aims to bolster Australia's sovereign launch capabilities, reducing dependence on foreign providers, and supports upcoming test flights for Gilmour's Eris rocket and future hypersonic and orbital missions.
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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.
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