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UK space firm secures £7.6m to fund trial of factory satellites
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Last year, when Josh Western and Andrew Bacon set up their company Space Forge, they had a garage to work in and little else. Today, the two Cardiff-based entrepreneurs have a staff of 25 and are now planning further expansion after raising £7.6m of international seed-funding.
The financing – to be announced later this week – should allow the company to start a remarkable aerospace endeavour: deploying satellites in which new alloys, medicines and semiconductors can be manufactured in outer space
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