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Space Forge

Space · Cardiff, United Kingdom · Founded 2018

Using space to save our home planet MoreLess

Positioned at the forefront of in-space manufacturing, Space Forge is a UK-based company aiming to leverage the unique conditions of microgravity, vacuum, and extreme temperatures for industrial-scale production. Founded in 2018 by Joshua Western and Andrew Bacon, the company originated in a Bristol garage before establishing its primary operations in Cardiff, Wales. The founders, who met while working at Thales Alenia Space, bring a wealth of experience to the venture; Western's background spans business development at the UK Space Agency, while Bacon has over a decade of experience designing and building space technologies.

Space Forge's core business revolves around developing a reusable and returnable satellite platform, the ForgeStar, designed to manufacture high-value materials in orbit that are difficult or impossible to create on Earth. This service, termed "Microgravity-as-a-Service," caters to industries such as semiconductors, pharmaceuticals, and advanced materials by offering on-demand, in-space production. The company's business model is centered on providing access to its ForgeStar platform for other organizations to conduct research and manufacturing, thereby lowering the barrier to entry for leveraging the space environment. By manufacturing materials like purer crystals and unique alloys in space, Space Forge aims to revolutionize terrestrial industries, including renewable energy, transportation, and computing. For example, space-manufactured semiconductors are projected to significantly reduce energy consumption in applications like data centers and EV charging.

The ForgeStar vehicle is a key component of the company's offering. It is a small, low-cost satellite designed to be launched, perform its manufacturing mission for a period of weeks to months, and then return to Earth for refurbishment and reuse, a key differentiator that also addresses the issue of space debris. A critical enabling technology for this is a proprietary, foldable heat shield called 'Pridwen,' designed for a soft descent and high-precision landing. The company's first test mission, ForgeStar-0, launched in January 2023 to validate on-orbit manufacturing capabilities, though it did not reach orbit. Future missions, ForgeStar-1 and the more advanced ForgeStar-2, are planned to demonstrate the full, scalable platform. The company has secured significant funding, including a record-breaking £22.6 million Series A round in May 2025, to accelerate these developments.

Keywords: in-space manufacturing, reusable satellites, microgravity services, advanced materials, semiconductor production, ForgeStar platform, return-to-Earth technology, space-based economy, alloy fabrication, pharmaceutical research

Company overview

Space Forge company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2018
Headquarters
Cardiff, United Kingdom
Employees
75
Open positions
None listed
Dealroom signal
66.4
client focusb2btechnologyHardwaretechnologyDeep Techbusiness modelManufacturingsectorDefence ApplicationssectorAviation and AerospacesectorSpace TechsectorIndustrial TechnologysectorAdvanced MaterialssectorSpace TransportationsectorSpace ExplorationsectorIn-Space ManufacturingsectorESAsectorESA SME

Valuation & funding

Space Forge funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Jun 2026 $13M Government of the United Kingdom
GRANTOther financing Feb 2026 $396K Government of the United Kingdom
SERIES AOther financing May 2025 $30M $119M World Fund · NATO Innovation Fund - NIF · British Business Bank · National Security Strategic Investment Fund
EARLY VCOther financing Jun 2024 $0 NATO Innovation Fund - NIF
GRANTOther financing Feb 2024 $10M Undisclosed
GRANTOther financing Nov 2023 Undisclosed
GRANTOther financing Jun 2023 Undisclosed
SUPPORT PROGRAMOther financing Nov 2022 Intel Ignite
SEEDOther financing Dec 2021 Newable Private Investing · Quiet Capital · Starbridge Venture Capital · Type One Ventures
SEEDOther financing Jul 2021 George Whitesides · Development Bank of Wales · Type One Ventures · BPEC
Showing 10 recorded eventsUnlock the complete deal history →

Growth signals

Space Forge website traffic

Latest recorded traffic for Space Forge is 6K monthly website visits, down 25.9% over the last three months. Space Forge's team declined 1.3% over the past year.

Latest monthly visits6K 3-month web change-25.9% 1-year team growth-1.3%
Monthly website visits66 observations · Oct 2020–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

Space Forge compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Wayland AdditiveDeveloping, manufacturing, and selling metal Additive Manufacturing machines to industrial end-users such as major players in the aerospace and medical industries London, United Kingdom Operational 68 $28M $31M
SatVuEarth observation satellite capabilities to those entities that value an independent view of the world London, United Kingdom Operational
SPACEBITDeveloping space robotics technology for lunar and planetary missions London, United Kingdom Operational
LMOAutonomous in-orbit services and space domain awareness Reading, United Kingdom Acquired
Craft ProspectOur work includes NewSpace mission and systems engineering; collaborative R&D on enabling technology and novel downstream space applications Glasgow, United Kingdom Operational
SmallSpark Space SystemsEnabling business to participate in the lunar economy and developing critical infrastructure to enable human and robotic exploration to the Moon and beyond Cardiff, United Kingdom Operational
ICOMATRevolutionary production equipment for the manufacturing of advanced carbon fibre composite parts Bristol, United Kingdom Operational
Space-powerLASER POWER TRANSMISSION SPACE POWER’s optical power beaming technology will wirelessly transmit energy over long distances, with minimal losses Harwell, United Kingdom Operational
Showing 8 of the closest matchesCompare every metric →

Talent graph

Space Forge's talent

Book a demo to see the people
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

23 investors on Space Forge's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 19 investors entered at this stage
Bristol Private Equity Club
Development Bank of Wales
George Whitesides
Type One Ventures
BPEC
Newable Private Investing
SpaceFund
E2MC Ventures
Space VC
World Fund
Quiet Capital
Starbridge Venture Capital
Trousdale Ventures
FJ Labs
Dylan Taylor
European AI Fund
Kencoa Aerospace
Kencoa Aerospace Corporation
Government of the United Kingdom
Series A 3 investors entered at this stage
NATO Innovation Fund - NIF
British Business Bank
National Security Strategic Investment Fund
Other known 1 additional known investor
Intel Ignite

Global footprint

Where Space Forge has talent and traffic

Workforce by country
3 countries with
team presence
🇬🇧 United Kingdom88.3%
🇺🇸 United States10%
🇦🇪 United Arab Emirates1.7%
3 countries shown

In the news

Latest news about Space Forge

Recent press, funding announcements, and product moves mentioning Space Forge — open to read from the original sources.

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Market sentiment

What the market is saying about Space Forge

An AI-synthesized read of the highest-engagement posts about Space Forge on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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