Gilmour Space Technologies Valuation, Funding & Investors

Gilmour Space Technologies is valued at $721M as of May 2026.

Last Gilmour Space Technologies valuation

$721M

Series E · May 2026

Last Gilmour Space Technologies funding round

$10M

Series E · May 2026

Cumulative funding Gilmour Space Technologies raised

$260M

across 6 funding rounds

Key investors in Gilmour Space Technologies

  • Blackbird Ventures
  • Main Sequence Ventures
  • Hostplus
  • QIC
  • HESTA
  • 500 Global

Gilmour Space Technologies Overview

About Gilmour Space Technologies

Gilmour Space Technologies is an Australian rocket developer launching hybrid orbital vehicles from Bowen Orbital Spaceport. The Eris two-stage rocket lifts 305-kilogram payloads to 500-kilometer sun-synchronous orbits, with debut flights scheduled for 2025. Complementing this, the firm offers G-Sat satellite buses for smallsat missions. Headquartered on the Gold Coast with Singapore operations, Gilmour reduces launch costs through reusable first stages and local manufacturing.


Founded

2012

HQ

AustraliaGold Coast

Website

gspace.com

Status

Privately held

Customer focus

B2B

Revenue model

Services, Product sales

Valuation

$721M (May 2026)

Gilmour Space Technologies Valuation

Gilmour Space Technologies is currently valued at $721M, based on its Series E in May 2026.

The $10M round was led by QIC.

Gilmour Space Technologies' valuation has grown 1.8x from $393M at its Series D in February 2024 to $721M in May 2026, across 3 priced rounds.

Gilmour Space Technologies valuation by funding round

Gilmour Space Technologies valuation by funding round
DateStageValuation
May 2026Series E$721M
Jan 2026Series E$696M
Feb 2024Series D$393M

Gilmour Space Technologies Funding History

Gilmour Space Technologies has raised a total of $260M across 6 funding rounds.

Gilmour Space Technologies' first fundraising round was a $4M Series A in May 2017. The most recent completed round was a $10M Series E in May 2026.

Gilmour Space Technologies funding rounds

Gilmour Space Technologies funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2026Series EQIC (lead)$10M$721MQIC led Gilmour Space Technologies’ A$55 million Series D raise in May 2026, alongside returning investors Blackbird, Main Sequence, HostPlus and HESTA, to fund ongoing development ahead of the company’s first orbital launch. The round reportedly valued Gilmour at A$605 million, and the capital was directed toward manufacturing, testing and launching sovereign-made rockets and satellites, with QIC noting that Gilmour had already created more than 100 jobs in Queensland and planned to grow headcount to more than 300 by mid-2027. The financing built on QIC’s earlier backing through its Business Investment Fund in 2021 and reflected continued support for Queensland’s domestic space capability. Gilmour’s broader investor base included Australian superannuation funds and venture backers, and the company’s funding has been positioned around scaling launch infrastructure, expanding manufacturing, and advancing the Eris orbital launch vehicle. Gilmour Space Technologies is a Queensland-based rocket maker focused on sovereign space launch services, rocket and satellite manufacturing, and related test and launch infrastructure. The company has been developing its Eris vehicle and has been growing operational scale in Queensland as it moves toward maiden orbital launch activity.
Jan 2026Series EHostplus (lead); National Reconstruction Fund Corporation (lead); QIC; HESTA; Blackbird Ventures; Funds SA; Brighter Super; Main Sequence Ventures; NGS Super; Future Fund$151M$696MGilmour Space Technologies, founded on Australia's Gold Coast, is building an end-to-end sovereign space capability spanning the design, manufacture, test, and launch of rockets and satellites entirely within Australia. The company develops the Eris orbital launch vehicle powered by hybrid propulsion technologies and composite nozzles, along with satellite platforms including the 100-kilogram ElaraSat bus. In July 2025, Gilmour conducted Australia's first sovereign orbital launch attempt with the 23-meter, 30-tonne Eris 1 rocket. The company has established Bowen Orbital Spaceport in North Queensland, the country's first licensed commercial orbital launch facility. On January 20, 2026, Gilmour Space closed a Series E funding round of $217 million AUD (US$145 million), jointly led by the National Reconstruction Fund Corporation (NRFC) investing $75 million and Hostplus investing $75 million, with participation from Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main Sequence, Queensland Investment Corporation, and Brighter Super. This round catapulted the company into unicorn status (valuation exceeding $1 billion), though CEO Adam Gilmour declined to disclose the exact post-money valuation. The company has raised over $400 million in total public and private funding. Proceeds will support development and qualification of the Eris orbital launch vehicle, scaling of rocket and satellite manufacturing, expansion of test and launch infrastructure, and workforce growth to meet global demand for space launch services. Gilmour Space currently employs over 220 people and relies on hundreds of Australian suppliers across aerospace engineering, manufacturing, and skilled trades.
Feb 2024Series DQIC (lead); HESTA; Blackbird Ventures; Main Sequence Ventures; Hostplus$36M$393MGilmour Space Technologies is an Australian aerospace company based on the Gold Coast, Queensland, developing low-cost hybrid rocket launch vehicles like the Eris orbital rocket for small satellites to low Earth orbit (LEO), along with satellites such as the 100kg ElaraSat platform and infrastructure including the licensed Bowen Orbital Spaceport in North Queensland. The company operates in aviation and aerospace component manufacturing, employing over 220 people and relying on hundreds of Australian suppliers. It achieved milestones like the first Australian orbital launch attempt with Eris 1 in July 2025 and successful on-orbit operation of ElaraSat. In a funding event dated 2024-03-19, it raised $35.9 million, listed as round 7, matching the approximate February 19, 2024 date, with Queensland Investment Corporation as lead and matching investors including Blackbird Ventures, HESTA, Hostplus, and Main Sequence Ventures. An earlier $55 million raise was noted ahead of first launch for staffing and space services platform development. Later developments include a much larger Series E round announced in January 2026 raising $217 million (US$145 million) jointly led by National Reconstruction Fund Corporation (NRFC, $75 million) and Hostplus, with participation from Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main Sequence, QIC, and Brighter Super to scale Eris development, manufacturing, spaceport expansion, and workforce growth to over 300 by mid-2027.
Jun 2021Series CFine Structure Venture (lead); HESTA; Blackbird Ventures; Main Sequence Ventures; NGS Super; Hostplus$46M-Gilmour Space Technologies is an Australian rocket launch startup developing the Eris small launch vehicle, a 25-meter rocket capable of delivering up to 215 kilograms to sun-synchronous orbit using innovative hybrid rocket engines. The company raised AUD$61 million (approximately $46-47 million USD) in its Series C round on June 29-30, 2021, led by Fine Structure Ventures with participation from Blackbird Ventures, Main Sequence Ventures, and Australian superannuation funds HESTA, Hostplus, and NGS Super. This marked the largest private equity investment in an Australian space company at the time, bringing total funding to AUD$87 million. Blackbird and Main Sequence were returning investors from prior Series A and B rounds. Proceeds from the Series C were allocated to accelerate development of multiple Eris vehicles for a first orbital launch in 2022, nearly double the workforce from 70 to 120 employees, build sovereign space manufacturing capabilities for rockets and satellites, and develop a commercial spaceport at Abbot Point, Queensland, with approval already secured. The company had secured customer contracts including Space Machines Company for a 35 kg spacecraft on the inaugural flight, Fleet Space Technologies for six nanosatellites in 2023, and U.S.-based Momentus for orbital transfer services. A potential launch site in South Australia was also under consideration for polar orbits. Fine Structure Ventures, affiliated with FMR LLC (Fidelity Investments), highlighted Gilmour's role in building Australia's leading sovereign launch company to meet global satellite demand efficiently. Main Sequence, which led the 2018 Series B, emphasized the company's leadership in attracting investment, hiring, training, and developing a supply chain for the Australian space sector.
Sep 2018Series BBlackbird Ventures (lead); Main Sequence Ventures (lead); 500 Global$14M-Gilmour Space Technologies raised AUD 19 million in its Series B round on September 28, 2018, from investors including Blackbird Ventures and Main Sequence Ventures. The funding supported scaling up to launch its first commercial hybrid rocket to orbit in 2020. The company develops hybrid propulsion rockets for small satellites to low Earth orbit from its Queensland base. At the time, Gilmour Space had achieved key milestones such as ground tests generating 80 kilonewtons of thrust on its orbital-class hybrid rocket engine and signing a Space Act Agreement with NASA. Blackbird Ventures highlighted the company's potential to launch a commercial orbital rocket for under AUD 30 million in capital raised, aiming to reduce small launch costs.
May 2017Series ABlackbird Ventures (lead); 500 Global$4M-Gilmour Space Technologies completed a Series A funding round in 2017 led by Blackbird Ventures, securing $5 million in capital. The Australian aerospace company was founded in 2012 and focuses on developing hybrid-propellant rocket engines and space launch services for small satellites. The Series A funding supported early development of the company's Eris orbital rocket and G-Sat satellite platform technology. At the time of this investment, the regulatory framework for commercial space launches in Australia was still emerging, and Blackbird Ventures took an early conviction bet on the founders and technology before government support and global capital attention materialized in the space sector.

Who has invested in Gilmour Space Technologies?

12 investors have backed Gilmour Space Technologies across its funding rounds, including Blackbird Ventures, Main Sequence Ventures, Hostplus, QIC, HESTA and 500 Global.

Lead investors include QIC, Hostplus, National Reconstruction Fund Corporation, Fine Structure Venture, Blackbird Ventures and 1 other investor.


Gilmour Space Technologies Investors

Investors in Gilmour Space Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
Blackbird VenturesAustraliaSydney5LeadMay 2017
Main Sequence VenturesAustraliaAustralia4LeadSep 2018
QICAustraliaBrisbane3LeadFeb 2024
HESTAAustraliaMelbourne3ParticipantJun 2021
HostplusAustraliaMelbourne3LeadJun 2021
NGS SuperAustraliaMelbourne2ParticipantJun 2021
500 GlobalUnited StatesSan Francisco, CA2ParticipantMay 2017
Funds SAAustraliaAustralia1ParticipantJan 2026
Brighter SuperAustraliaAustralia1ParticipantJan 2026
Fine Structure VentureUnited StatesBoston, MA1LeadJun 2021

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Gilmour Space Technologies Competitors

Gilmour Space Technologies competitors include listed companies like Creotech Instruments and ShinMaywa Industries, and private ones like Aerospace Yuxing, Deep Blue Aerospace, Venus Aerospace and Orienspace.

Public and private companies comparable to Gilmour Space Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aerospace YuxingChinaBeijingPrivate--$707M-
Deep Blue AerospaceChinaZhengzhouPrivate--$700M-
Creotech InstrumentsPolandPolandPublicly listed$38M$10M$672M10.7x
Venus AerospaceUnited StatesUnited StatesPrivate--$778M-
OrienspaceChinaBeijingPrivate--$823M-
ShinMaywa IndustriesJapanJapanPublicly listed$1.8B$146M$838M0.5x

Gilmour Space Technologies Public Comps

Gilmour Space Technologies is still privately-owned, but its public comps include Creotech Instruments, Elmet Group, Park Aerospace, Bjsasc, QPS Holdings, ShinMaywa Industries, Aerostar, Figeac Aero, Officina Stellare and U-LEAM.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Creotech Instruments$38M$10M17.3x10.7x63.5x51.0x
Elmet Group$202M$6M3.1x2.7x110.3x21.6x
Park Aerospace$73M$15M7.8x7.2x37.4x32.3x
Bjsasc$181M$6M3.5x-113.7x-
QPS Holdings$24M$20M21.0x28.2x25.7x124.5x
ShinMaywa Industries$1.8B$146M0.5x0.5x6.4x-
Aerostar$138M$27M3.5x-18.1x-
Figeac Aero$561M$78M1.5x1.5x11.1x8.8x

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Common questions about Gilmour Space Technologies

When was Gilmour Space Technologies founded?Gilmour Space Technologies was founded in 2012.
Where is Gilmour Space Technologies headquartered?Gilmour Space Technologies is headquartered in Gold Coast, Australia.
Is Gilmour Space Technologies publicly listed?No, Gilmour Space Technologies is a private, VC-backed company.
What is Gilmour Space Technologies' valuation?Gilmour Space Technologies was last valued at $721M in its Series E in May 2026.
How much funding has Gilmour Space Technologies raised?Gilmour Space Technologies has raised $260M across 6 funding rounds.
What was Gilmour Space Technologies' last funding round?Gilmour Space Technologies' last funding round was a $10M Series E in May 2026, led by QIC.
Who are Gilmour Space Technologies' investors?Gilmour Space Technologies' investors include Blackbird Ventures, Main Sequence Ventures, QIC, HESTA, Hostplus, NGS Super, 500 Global, Funds SA, Brighter Super, Fine Structure Venture and 2 others.
Which companies are comparable to Gilmour Space Technologies?Companies comparable to Gilmour Space Technologies include Aerospace Yuxing, Deep Blue Aerospace, Creotech Instruments, Venus Aerospace, Orienspace and ShinMaywa Industries.

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