Imaging live streaming from the stratosphere unlocked
After months of testing, our platform can now transmit remote sensing images in real time.
LarioSpace 2024 event succeeded with over 500 people and special guest Paolo Nespoli
The second edition of our event at the Lario Space Center, featuring the Italian Space Agency, Thales Alenia Space, Tesla, Telespazio, and other industry giants.
Astronauts Paolo Nespoli and Roberto Vittori visited our headquarters
We spoke with space legend Paolo Nespoli and Roberto Vittori, Head of the Italian Air Force's Space Office, about aerospace and defense collaboration.
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Sales
LOIs / Formal meetings of interest:
3 New ones:
- Thales Alenia Space formal sales meeting for satellite components testing and tender collaboration on defence applications
CEO Jonathan and CTO Rocco with Paolo Cerabolini (Thales Alenia Space CTO) and Angelo Vallarani (Lombardia Aerospace Cluster President) at Involve Space HQ
- Telespazio formal meeting for tender collaboration
- Politecnico of Milan formal sales meeting for Da Vinci Caelum kits and experimental launches
MoUs:
1 New one:
- Eurolink Systems for telecom and defence payload integration dedicated to surveillance and monitoring applications.
Contracts:
1 New one:
- Radiotech for telecom payload equipment for defense applications
Costs
Average Monthly Burn Rate: €40k
Runway YTD: 2 months
Runway starting from August 2024 with new investment round injection (2,5M€): 63,6 months keeping the same burn rate, 18 months based on the financial plan and needed investments
Cost Detail
Based on an average monthly burn rate of €40k:
Budgeting
18 months runway budgeting
As part of our strategic planning and financial forecasting, we're pleased to share our comprehensive budgeting overview for the upcoming 18 months. This document meticulously outlines how funds will be allocated across various key areas including, but not limited to, new hires to bolster our team's capabilities, procurement of essential supplies and materials to support our operations, and investments in technology and infrastructure to fuel our growth. Each category has been carefully considered to align with our overarching objectives and to ensure that we continue to innovate and lead in our sector.
Involve Space - 2024 Budgeting (18 Months)
2024-2029 Financial plan
Furthermore, we are also attaching our updated financial plan for Involve Space, extending up to the year 2029. This plan presents a detailed projection of our expected revenue streams and associated costs, offering a clear vision of our financial trajectory over the next decade. It reflects our commitment to sustainable growth, operational efficiency, and our strategic goals of expanding our market reach and enhancing our service offerings. These documents collectively provide a transparent view of our financial planning and strategic priorities, underscoring our dedication to accountability and long-term success.
Both attachments serve as vital components of our strategic financial planning, laying the groundwork for informed decision-making and strategic investments. We invite our stakeholders to review these documents to better understand our financial strategies and projections, and how they contribute to the long-term vision and success of Involve Space.
We are interested in
your feedback!
Go to the last page of the report to leave your feedback and questions