# NewOrbit

**Source:** https://www.startuphub.ai/startups/neworbit
**Profile type:** Startup

> Building satellites for very low Earth orbit (VLEO) to advance global connectivity and insight.

## About

NewOrbit engineers very-low Earth orbit satellites that fly at one-third the altitude of conventional satellites, enabling higher resolution space imagery, direct-to-device data transmission, and more precise weather forecasting. Their NEO-1 satellite is designed to operate sustainably in this low orbit and vanish within a month of decommissioning, safeguarding space from debris. They serve applications requiring enhanced Earth observation, global connectivity, and world-class weather forecasting.

## Key facts

- **Slug:** neworbit
- **Website:** https://www.neworbit.space/
- **Location:** Reading, United Kingdom
- **Founded:** 2021-05-01 00:00:00
- **Employees:** 30
- **Operating status:** Active
- **Total funding:** $29M
- **Sectors / tags:** Aerospace, Satellite Technology, Space Technology, Hardware, SpaceTech, Satellite, VLEO, Orbital Mechanics, Satellite Engineering, Earth Observation, Global Connectivity
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/neworbit-space

## Frequently asked

### What does NewOrbit do?

NewOrbit engineers very-low Earth orbit satellites that fly at one-third the altitude of conventional satellites, enabling higher resolution space imagery, direct-to-device data transmission, and more precise weather forecasting. Their NEO-1 satellite is designed to operate sustainably in this low orbit and vanish within a month of decommissioning, safeguarding space from debris. They serve applications requiring enhanced Earth observation, global connectivity, and world-class weather forecastin…

### How much funding has NewOrbit raised?

NewOrbit has raised a total of $29M in funding. The most recent round on record is Series A.

### Where is NewOrbit headquartered?

NewOrbit is headquartered in Reading, United Kingdom.

### When was NewOrbit founded?

NewOrbit was founded in 2021.

### What industry does NewOrbit operate in?

NewOrbit operates in Aerospace, Satellite Technology, Space Technology, Hardware, SpaceTech, Satellite.

### How many employees does NewOrbit have?

NewOrbit has approximately 30 people on record.

### What is NewOrbit's revenue?

StartupHub estimates NewOrbit's annual revenue at $15.0M (range $8.0M to $22.1M, 72% confidence), based on comparable companies in the sector.

### What is NewOrbit's valuation?

StartupHub estimates NewOrbit's effective valuation at $113.6M (range $71.3M to $171.0M, 24% confidence), based on comparable companies in the sector.

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