Gilmour Space Technologies has secured $217 million (US$145 million) in private equity funding to expand its Australian manufacturing operations and support the next phase of growth in domestic space capability.
In a news release, the company said the investment round, announced in Queensland, is aimed at scaling rocket and satellite manufacturing as part of Australia’s sovereign space ambitions.
The Series E raise was jointly led by the National Reconstruction Fund Corporation and Hostplus, with participation from the Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main Sequence, QIC and Brighter Super.
Gilmour Space said the funding lifts its valuation above $1 billion, citing the strategic importance of its space technology, manufacturing base and supply chain across the region.
Founded on the Gold Coast, Gilmour Space is developing an end-to-end space capability in Australia, covering the design, manufacture, testing and launch of rockets and satellites.
Co-founder and chief executive Adam Gilmour said the investment reflected confidence in both the company and the local industry.
“This investment reflects strong investor confidence in our team and in Australia’s ability to build and operate critical space infrastructure at home,” he said. “Our focus now is on delivering reliable and regular access to space for customers both at home and abroad.”
The company’s recent milestones include Australia’s first sovereign orbital launch attempt from domestic soil, on-orbit operation of its 100-kilogram ElaraSat satellite platform, and the development of the Bowen Orbital Spaceport in North Queensland.
Gilmour Space said proceeds from the raise will support continued development of its Eris orbital launch vehicle, expansion of rocket and satellite manufacturing, and growth in testing, launch infrastructure and workforce.
NRFC chief executive David Gall said the investment aligned with broader national priorities. “Gilmour’s success will help secure Australia’s access to essential space services, strengthen our advanced manufacturing base, and create highly skilled jobs and opportunities in the region,” he said. Hostplus chief investment officer Sam Sicilia said the funding would support long-term growth while advancing technology development.
Gilmour Space said it currently employs more than 220 staff and works with hundreds of domestic suppliers, stating that its manufacturing activities are intended to support high-skill employment and long-term sovereign space capability in Australia.
