NZ space rocket startup Argo Navis Aerospace collapses

Argo Navis Aerospace is 75% owned by chief executive and director Malcolm Snowdon. (Image: Supplied)

Mon, 11 Dec 2023

A New Zealand space rocket company that raised more than $1 million in seed funding earlier this year has been placed into liquidation.Founded in 2019, Auckland-based Argo Navis Aerospace develops custom upper-stage rocket engines for launch providers.In March, Argo Navis said it had raised more than $2m in capital to date, with its most recent capital-raising round of $1.07m led by NZ venture capital firm WNT Ventures. The latest capital was to be used for Argo Navis' launch programme. 'Running out of funds'On Tuesday, f...

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