SpaceIL

Company Overview

Snapshot

Founded in January 2010 by Kfir Damari and Yariv Bash, SpaceIL operates with 51–200 employees. The company has raised $89.4 million across four funding rounds. In July 2021, SpaceIL secured significant funding from Morris Kahn, Patrick Drahi, and Martin Moshal to advance its Beresheet 2 mission.

Business overview

SpaceIL is a nonprofit organization dedicated to lunar exploration, having successfully landed the Beresheet spacecraft on the Moon in April 2019, making Israel the seventh country to achieve this feat. The company develops lunar landing spacecraft and is actively promoting the Beresheet 2 Mission, while also engaging in educational activities. SpaceIL operates within the Aerospace, Defense & HLS sector, specifically focusing on Space Exploration, and serves markets in Israel.

Strategic signal

In September 2022, SpaceIL announced the adoption of a new navigation solution for its upcoming moon landing mission. This development signals the company's continued technological advancement and commitment to enhancing the capabilities of its lunar spacecraft, indicating a strategic focus on improving mission success rates and operational efficiency for future endeavors.

Company Intelligence Q&A

What is SpaceIL's primary mission?

SpaceIL's primary mission is to land Israeli spacecraft on the moon, as demonstrated by the Beresheet lander in April 2019, and to promote subsequent missions like Beresheet 2.

When did SpaceIL achieve its first lunar landing?

In April 2019, SpaceIL became the first private entity in history to reach the Moon with its Beresheet lander.

What was a significant funding event for SpaceIL in 2021?

In July 2021, SpaceIL raised $70 million for its Beresheet 2 moonshot, with investments from Morris Kahn, Patrick Drahi, and Martin Moshal.

What is the status of the Beresheet 2 mission?

In July 2023, SpaceIL was actively working to complete the funding for the Beresheet 2 mission, following earlier reports in May 2022 about funding challenges.

What new technology did SpaceIL adopt in 2022?

In September 2022, SpaceIL adopted a new navigation solution for its next moon landing mission.