SpaceIL raises $70 million for next lunar mission
The space tech startup, renowned for its first lunar attempt, raised the funds for its Beresheet 2 mission to be launched in 2024
Yafit Ovadia | 11:18 11.07.2021
The SpaceIL Foundation announced on Sunday that it completed an investment round of $70 million, which will pave the way for the State of Israel’s second lunar mission, coined Beresheet 2. A group of entrepreneurs and philanthropists, including Patrick and Lina Drahi of the Drahi Foundation, Morris Kahn of the Kahn Foundation, the Moshal Space Foundation and Entrée Capital Partners, participated in the round. This step will boost SpaceIL’s chances of fully funding its project as well as sticking to schedule for its planned 2024 launch, with the total cost of the mission estimated to be around $100 million. Israel’s first lunar mission, Bersheet, despite a lengthy yet challenging mission, made it to the Moon before crash-landing on its surface. The next mission was announced last November, and the country is stepping up its efforts, and in a change from the previous plan, will now include two lunar landers and an orbiter to increase its chances of success.
the front row of global deep-space technology,” SpaceIL CEO Shimon Sarid noted.“We are delighted to be taking part in this historic project, which will enhance Israel’s position as an international arena player and inspire youth around the globe,” Angelina Darhi, head of the Darhi Foundation remarked. “I believe that entrepreneurs and investors, who have achieved success in the Startup Nation, have an obligation to give back to various groups within Israeli society, to expand the circles of success. As part of our commitment to the future generations and to ensure that Israel continues to flourish and set an example for other countries, we must invest in the technological education of the next generation, pique its curiosity, teach it to think outside the box and believe that the impossible can be attained,” added Avi Eyal, who serves as co-founder and Managing Partner of Entrée Capital and is a representative of the Moshal Space Foundation. In April 2019, SpaceIL became the first private entity in history to reach the Moon, thereby securing Israel’s position as the seventh country to reach the Moon and the fourth country to attempt a landing after the United States, Russia, and China.