Strengthening a Future Made in Australia.

Gilmour Space Technologies announced it has $217 million in private equity investment to support the next phase of growth in Australia’s domestic space capability. 

The Queensland-based firm is building an end-to-end sovereign space capability spanning the design, manufacture, test, and launch of rockets and satellites in Australia. 

The Series E round was jointly led by the Australian Government established National Reconstruction Fund Corporation and Hostplus, with participation from Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main Sequence, QIC, and Brighter Super.

"This investment reflects strong investor confidence in our team and in Australia's ability to build and operate critical space infrastructure at home. 

We've reached important technical and business milestones. Our focus now is on delivering reliable and regular access to space for customers both at home and abroad."

~ Adam Gilmour, Co-founder and CEO, Gilmour Space Technologies

Proceeds from the raise will be used to support continued development and qualification of its Eris orbital launch vehicle, which attempted the first launch of an Aussie made rocket into orbit from Australian soil in July 2025.

Gilmour Space also announced that it will also use the investments to scale rocket and satellite manufacturing, expand test and launch infrastructure, and grow the company's workforce to meet global demand for space launch services.

Eris Test Flight 1 being launched from Bowen Orbital Spaceport in Nort Queenland. This moment marked the First launch attempt of an Aussie made rocket.

NEWS • Industry growth

30 July 2025

Eris Test Flight 1 took place at Gilmour’s Bowen Orbital Spaceport at Abbot Point in North Queensland this morning.

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Strengthening Aussie space ingenuity

The Australian Government is building capability in areas of national priority defined by the National Reconstruction Fund, Critical Technologies Statement, and the Defence Industry Development Strategy.

"Space technologies are fundamental to national resilience, economic productivity, and regional growth.

Gilmour's success will help secure Australia's access to essential space services, strengthen our advanced manufacturing base, and create highly skilled jobs and opportunities in the region."

~ David Gall, CEO of the National Reconstruction Fund Corporation.

Last year, Gilmour received a funding boost from Australian Government's Industry Growth Program to accelerate the development of Eris' next generation liquid rocket engine. 

Space technology with a made in Australia sticker

Backing the sector

Learn more about the Australian Government grants and support available for the space sector through the national capability-build programs.

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