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. It has now raised six million US dollars.

If filling stations are needed on Earth, why not in space in the future? The US start-up Orbit Fab is currently on a promotional tour with this vision and, according to Techcrunch , has been able to expand its seed round. In addition to existing investors, Munich Re Ventures has now also invested, increasing the round to six million US dollars.

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

By investing in Orbit Fab, the Group is expanding its involvement in space. The still young start-up has already achieved its first respectable success when it supplied the International Space Station ISS with water. In future, it wants to refuel spacecraft in orbit.