Company Overview
Snapshot
Founded in January 2010 by Kfir Damari and Yariv Bash, SpaceIL operates with 51–200 employees. The organization has raised a total of $89.4 million across 4 funding rounds. In July 2021, SpaceIL secured significant funding for its Beresheet 2 moonshot, with participation from Morris Kahn.
Business overview
SpaceIL is a nonprofit organization dedicated to lunar exploration and STEM education. The company's core mission involves designing and developing lunar landers, exemplified by its Beresheet lander, which made SpaceIL the first private entity to reach the Moon in April 2019. SpaceIL is currently focused on the Beresheet 2 Mission, while also engaging in educational activities to promote science and technology. The organization operates within the Aerospace, Defense & HLS sector, specifically targeting space exploration and serving the Israeli market.
Strategic signal
In September 2022, SpaceIL announced the adoption of a new navigation solution for its upcoming moon landing missions. This development is crucial for enhancing the precision and success rate of future lunar endeavors, signaling to investors and innovation teams a continued commitment to technological advancement and a strategic focus on overcoming complex engineering challenges in space exploration.
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- What is SpaceIL's primary mission?
- SpaceIL is a nonprofit organization established to land the first Israeli spacecraft on the moon, exemplified by the Beresheet lander. It also focuses on promoting educational activities related to space.
- 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, making Israel the seventh country to achieve this feat.
- What is the status of the Beresheet 2 Mission?
- SpaceIL is actively working to promote and secure funding for the Beresheet 2 Mission, as indicated by news in July 2023 suggesting efforts to complete its financing.
- Which organizations have provided grants to SpaceIL?
- In January 2020, SpaceIL received a grant from the Blavatnik Family Foundation. Additionally, in October 2018, the Israeli Ministry of Science and Technology provided a grant to the organization.
- Has SpaceIL partnered with other organizations for educational initiatives?
- In January 2021, SpaceIL partnered with the Parasol Foundation to launch a NIS 1.5 million program aimed at boosting women's participation in the space industry.