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Gilmour Space Raises $217 Million, Becomes Australia’s Newest Space Unicorn

The raise highlights Canberra’s push to build sovereign launch capability.

Overview

  • Australia’s National Reconstruction Fund Corporation and Hostplus each invested $75 million, joined by the Future Fund, HESTA, QIC, Funds SA, NGS Super, Brighter Super, Blackbird and Main Sequence.
  • The funding follows Eris’s July lift-off from Bowen that ended after 14 seconds, with the company saying subsequent engine tests addressed the thrust-loss failures.
  • Gilmour Space plans a hypersonic sub-orbital test in Q2 2026 and targets a second orbital attempt in Q3 2026.
  • The company operates Australia’s only licensed orbital spaceport at Bowen and says most rocket components are manufactured domestically.
  • Recent regulatory filings show a $22.4 million loss for the pre-revenue company, which is considering a dual listing within two to three years.