Insider Brief:
- NorthStar Earth & Space has secured new shareholder financing led by Telesystem Space.
- The funding will accelerate NorthStar’s development of its patented space-based Space Situational Awareness (SSA) Concept of Operations (CONOPS).
- NorthStar stands out as the only company with a US patent for its CONOPS, which locates, identifies, and tracks potential space threats. The company is also pursuing additional patents for its innovative technologies.
NorthStar Earth & Space, headquartered in Montreal with offices in Luxembourg and the USA, has announced it has secured new shareholder financing. This round, led by Telesystem Space—a joint venture between Telesystem and the Rogers Private Companies—will accelerate NorthStar’s development of its patented space-based Space Situational Awareness (SSA) Concept of Operations (CONOPS). This technology supports critical space security efforts with the US Government and its allies.
The need for commercial space-based monitoring systems has grown as the US Government and NATO allies seek to detect potentially hostile activities against critical defense and intelligence assets in space. Geopolitical challenges have heightened the urgency for such systems. NorthStar stands out as the only company with a US patent for its CONOPS, which locates, identifies, and tracks potential space threats. The company is also pursuing additional patents for its innovative technologies.
Previous investors in NorthStar include Telesystem Space, Investissement Quebec (IQ), Cartesian Capital Group, the Luxembourg Future Fund, and the Space Alliance (Thales Space and Telespazio). NorthStar has also received research and development funding from Luxembourg’s Lux Impulse and Canada’s Strategic Innovation Fund.
In a significant leadership addition, NorthStar has appointed Beth Michelson as Chief Financial Officer. Michelson, who also serves on the boards of NorthStar, Tiendamia, Thermal Management Solutions, Brilia, and Columbia Business School’s Chazen Institute for Global Business, brings extensive experience in managing company finances, driving growth, and developing long-term business strategies. She is a Partner with Cartesian Capital Group, which has invested in NorthStar since December 2022. Michelson’s career spans over twenty years, during which she has led investments and acquisitions in twenty countries.
Founded in 2015 by Telesystem and KinetX, NorthStar is the first commercial service to monitor near-Earth orbits from space. The company’s services enhance spaceflight safety by providing precise information on the position of space objects. NorthStar operates from its headquarters in Montreal, with European operations in Luxembourg and a dedicated US operation in McLean, Virginia. The company’s efforts are crucial in addressing the growing threat of space collisions, contributing significantly to the preservation of our planet.
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