Markets

Movac invests in Dawn Aerospace suborbital spaceplane

Dan Brunskill
Thu, 27 May 2021

Movac partner Mark Stuart (middle) has invested in James and Stefan Powell's spaceplane.
Dan Brunskill
Thu, 27 May 2021
Venture capital firm Movac has funded Dawn Aerospace to scale up the production of its satellite propulsion products and turn its prototype suborbital plane into commercial service.Dawn’s chief technology officer Stefan Powell said the funding will help “scale production to meet customer demand and continue developing products”.The New Zealand/Dutch startup last week relocated its NZ-based operations to a larger facility in Christchurch, an 1,800 square metre workshop and office space to support increased production and develo...

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