D-Orbit announces SPAC merger and ICEYE and Sateliot raise further funding

by | Feb 10, 2022 | Finance, Seradata News

Italian “space logistics” company D-Orbit announced its plan go public through a SPAC (Breeze Holdings Acquisition Corp) merger on 27 January 2022. The process is expected to complete quickly – anticipated close is in Q3 2022 – and will see the new entity listed on the American NASDAQ stock exchange. Post-merger the new company is estimated to have an enterprise value of US$1.28 billion, with US$185 million cash on hand. 

Current members of the D-Orbit C-suite are expected to remain in their roles post-merger, with the D-Orbit founders receiving an approximately 2.2 per cent share of the new company. 

In addition to the primary merger D-Orbit (and its successor) is entering into a relationship with The Charles F. Bolden Group (The Bolden Group). This is a consortium of “accomplished leaders and problem solvers” founded by ex-NASA Administrator Charles F. Bolden Jr. in 2017. The Bolden Group will gain seats on the new entities board of directors to support it in “strategic and operating execution”. 


In February 2022 ICEYE announced it had completed a Series D round of fundraising worth US$136m. The company reported that this now took its total amount raised to US$304m. This round was lead by Seraphim Space. 

As a follow-up to the Series D ICEYE later announced that Tokio Marine, a insurance underwriter, had participated in the fundraising as part of a strategic partnership between the two companies. Tokio Marine hopes to utilise the ICEYE SAR fleet to create new insurance products as well as confirmation and evaluation of claims. 


Spanish SAT-IoT start-up Sateliot reported that it had secured US$7.3m of investment on 2 February. 

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to www.seradata.com/spacetrak

Related Articles

Open Cosmos receives MoU to build first part of 100-unit CubeSat constellation for Sateliot

UK-based Open Cosmos, a newspace, turnkey CubeSat mission provider, announced on 29 July 2020 that it is working on two Read more

Manifest activity for SpaceX with new order for MethaneSAT and juggling rideshare payloads

On 13 January SpaceX was selected by MethaneSAT LLC (part of the Environmental Defense Fund) to launch its MethaneSAT mission Read more

Soyuz rocket launches from Plesetsk carrying three Gonets-M satellites and 19 rideshare passengers

Lifting-off at 1120 GMT on 28 September from the Plesetsk Cosmodrome, Northern Russia, a Soyuz 2-1B mission has carried 22 Read more

European newspace industry gains more financing

Finland-based, ICEYE, announced on 22 September 2020 the completion of its Series C round of financing, raising US$87 million. ICEYE Read more

New start ups ICEYE and Helios-Wire get early funding for business plans

A plan to create a fleet of synthetic aperture radar (SAR) observation mini-satellites by a Finland-based firm called ICEYE had a boost when Read more

Kuaizhou 1A launches Shiyan 14 & 15 pair of Chinese satellites

The Chinese successfully launched a Kuaizhou 1A vehicle from Taiyuan Satellite Launch Centre, Shanxi Province, China at 2255 GMT on Read more

ULA’s Delta Heavy launches secret L-91 payload for NRO

ULA successfully launched a Delta IV Heavy (DELTA IVH-4050H (Upgraded) from Vandenberg, California, USA at 2225 GMT on 24 September Read more

China launches “environment detection” satellite Yunhai 1-03

[caption id="attachment_111786" align="alignright" width="427"] The Long March 2D rocket lifts-off carrying its payload to orbit. Courtesy of Xinhua/ Wang Heng[/caption] Read more