COMPANY PROFILE

Fleet Space

Fleet is an agile space company connecting the Internet of Things around the world using a massive fleet of small low-cost satellites

Adelaide, AustraliaFounded 2015Space

Valuation $500M–1B Last recorded · 2024

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Fleet Space

Fleet Space Technologies is a pioneering startup operating in the space technology and mineral exploration sector. The company's primary offering is EXOSPHERE BY FLEET®, an innovative mineral exploration technology designed to expedite the discovery of critical minerals essential for the transition to renewable energy. The technology offers a faster, more sustainable, and cost-effective solution to the challenges faced by the mineral exploration industry, such as increasing mining difficulties and intensifying global demand for critical minerals.

Fleet Space serves a diverse range of clients, including some of the most progressive exploration companies like Rio Tinto, Barrick Gold, and Core Lithium. The company operates globally, with a presence in the US, Canada, Chile, Luxembourg, and its headquarters in Adelaide, Australia's space industry hub.

The business model of Fleet Space revolves around providing end-to-end mineral exploration technology services. The company generates revenue by conducting surveys for various commodity types across five continents, leveraging its EXOSPHERE BY FLEET® technology. This technology helps exploration companies reduce the time and resources needed to locate critical mineral deposits, thereby accelerating the green transition.

In addition to mineral exploration, Fleet Space is also involved in space exploration and defence. The company has developed one of Australia's largest satellite constellations and is revolutionising space exploration with its innovations in satellite connectivity, edge computing, and advanced geophysics.

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At a glance

Status: Operational
Founded: 2015
Headquarters: Adelaide, Australia
Employees: 139
Open positions: None listed
Dealroom signal: 70.7/100
Sector: Aerospace, Mining Technologies, Space, Defence Applications, Edge Processing, Space Tech, Satellites, Communication and Connectivity Satellites, Space Tech for Materials, Mining and Manufacturing, Space Downstream
Technology: Deep Tech, IoT InternetOfThings
Business model: Manufacturing
Client focus: b2b
Investment activity: 3 companies, latest Apr 2025
Capital deployed: $6M
Preferred round: POST IPO EQUITY
Links: Website LinkedIn X

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Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
GRANTOther financing	Jan 2025	$643K	—	Australian Space Agency	↗
SERIES DOther financing	Dec 2024	$100M	$525M	Horizons Ventures · Hostplus · Alumni Ventures · Ontario Teachers’ Pension Plan	↗

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Growth signals

Fleet Space website traffic

Latest recorded traffic for Fleet Space is 14K monthly website visits, down 39.1% over the last three months. Fleet Space's team declined 7.9% over the past year.

Latest monthly visits14K 3-month web change-39.1% 1-year team growth-7.9%

Monthly website visitsDec 2020–Jul 2026

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Closest operating peers by Dealroom taxonomy

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GOGomSpaceDevelops and commercializes nanosatellites and cubesatellites as well as other activities compatible therewith	Aalborg, Denmark	Operational
SASatcubeSatcube is a satellite communications company, developing and selling terminals and services to enable people to communicate anywhere on the planet	Göteborgs Stad, Sweden	Operational
KSKuva SpaceImproving life on Earth through daily, space-borne hyperspectral imaging and AI	Espoo, Finland	Operational
STStratosystProduce solar-powered High Altitude Pseudo-Satellites (HAPS) that provide a range of services including Earth observation, telecommunications, defence and other related operations	Prague, Czechia	Operational
FSFossa SystemsVertically integrated satellite manufacturing for IoT connectivity.	Majadahonda, Spain	Operational