Munich Re Ventures invests in space refuelling stations

The investment arm of insurer Munich Re has joined the seed round of US start-up Orbit Fab. This has now raised six million US dollars.

If gas stations are needed on Earth, why not in space in the future? With this vision, the US start-up Orbit Fab is currently on a promotional tour and, according to Techcrunch

, was able to expand its seed round. In addition to existing investors, Munich Re Ventures has now also invested, bringing the round to six million US dollars.

Munich Re Ventures is the investment arm of Munich Re, one of the world's largest and arguably most important reinsurers. The Munich-based group is already in the space business itself, insuring satellite operators, among others, in case something goes wrong with their products.

With the investment in Orbit Fab, the group is expanding its involvement in space. The fledgling start-up has already achieved its first success by supplying the International Space Station (ISS) with water. In the future, it then plans to refuel spacecraft in orbit.