A company formed by two former top executives of Jacksonville-based Redwire Corp. said it received $12.25 million in seed capital for a new space technology firm.
Star Catcher Industries Inc. said it is using the capital to help construct the first space-based energy grid, which would provide power to spacecraft in low Earth orbit (LEO).
Andrew Rush and Michael Snyder, formerly of Redwire, founded Star Catcher with venture capital investor Bryan Lyandvert.
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