Rapid Space Technologies marked the decent opening of its extended Adelaide HQ with the consult with of Susan Shut MP, Deputy Premier of South Australia. Susan Shut additionally holds the ministerial portfolios of Minister for Native climate, Atmosphere and Water, Minister for Industry, Innovation and Science and Minister for Defense and Space Industries.
Rapid Space Technologies has deal grown its presence in Adelaide to accommodate snappy enhance. This contains doubling the decision of highly expert jobs within the closing six months. Rapid now employs 86 people across say engineering, manufacturing, commercial and operations functions. The 300 sq/m expanded HQ creates a precise say for commercial and operational disciplines.
This snappy growth, places Rapid among the quickest rising excessive-tech companies in Australia. This contains the conclusion in 2021 of an oversubscribed Sequence B spherical, valuing the firm at $126million (AUD) underpinned by a community of the main VCs and establishments in Australia and the usa.
Ribbon cutting with Matt, Flavia and Susan
The growth additionally follows the profitable introduction of ExoSphere, Rapid’s satellite enabled Earth scanning technology for the realm mineral exploration industry. It’s already revolutionizing the manner Australian and world mineral explorers earn the intense vitality transition gives required to meet surging world quiz for Electric Autos (EVs).
ExoSphere has lawful reported profitable outcomes from trials at Australia’s latest Lithium miner Core Lithium’s Finniss Project within the Northern Territory. This technology is being rolled out globally through collaboration with the area’s greatest and most progressive explorers and is supporting the realm effort to search out extra than $13trillion USD (as defined by the World Monetary Fund) cost in these uncommon earth gives to spice up world sustainability needs.
This world success is constructed from a tradition of innovation, completed in collaboration with South Australia’s ecosystem of main say technology and developed engineering companies. From its depraved in Adelaide, Rapid has pioneered the usage of additive manufacturing (3D printing) to pressure cost and production efficiencies within the originate of satellites. This contains Rapid’s drawing discontinuance planned constellation of 288 microsatellites, along with Alpha, which will integrate the firm’s developed beamforming technology and patented antennas to unlock elevated connectivity extra rapidly and in extra locations.
In December 2021, Rapid additionally announced its dedication to setting up a hyper manufacturing facility in Adelaide’s landmark ‘Australian Space Park’ construction. Right here is with the enhance of the South Australian Executive which dedicated $20million (AUS) to Australia’s first devoted say manufacturing hub. The $66million (AUS) Australian Space Park in which Rapid Space Expertise will kind a Hyper Factory would possibly be the first of its kind within the southern hemisphere.
Australia’s Leading Space Firm
Rapid Space has designed, constructed and launched Australia’s fully commercial NanoSatellites. With six satellites already in orbit and the next iteration launching in 2022, Rapid Space is building a constellation of 140 little satellites in Low Earth Orbit.
Rapid leads Australia’s with out note rising say sector — an industry of key strategic significance to the construction of the Australian economy. The Australia Space Company stated their arrangement is to make contributions $12billion (AUS) to the economy by 2030. Right here is supported by rating strategic enhance at a Federal and Notify stage.
Flavia Tata Nardini, CEO and Co-Founder, Rapid Space Technologies stated “All people at Rapid Space Technologies is proud to be phase of the unprecedented ecosystem of main companies, tutorial establishments and innovators which can presumably be driving South Australia’s position as a world heart of excellence in contemporary say technology. We’re jubilant to trace the decent opening of our expanded HQ in Adelaide, reaffirming our dedication to rising our replace and rising highly-expert jobs in South Australia. We had been jubilant to welcome Deputy Notify Premier, Susan Shut MP and demonstrate her the good innovations that harness the vitality of Rapid’s satellite constellation for the betterment of all people right here in Australia and former.”
Susan Shut MP, Deputy Premier of South Australia added, “South Australia is proud to be home to a thriving say ecosystem consisting of progressive companies, indulge in Rapid, which can presumably be pushing the frontiers of natty applied sciences and rising contemporary excessive-tech jobs for South Australians. Rapid is doing fabulous work to run up decarbonization through its progressive ExoSphere Earth scanning technology. It’s these innovations, nurtured within an ecosystem of private companies and main tutorial establishments that can pressure the advantages of say technology to all our voters. Congratulations to Flavia, Matt and the team at Rapid for his or her profitable growth and persevered enhance, which is strengthening Australia’s sovereign say capacity and positioning our say as a main participant within the realm say market.”