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SpaceRyde

SpaceRyde

SpaceRyde is a company developing a launch system to carry small satellites into orbit.

OverviewStructured DataIssuesContributors

Contents

spaceryde.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Space industry
Space industry
Rocket
Rocket
Balloon (aeronautics)
Balloon (aeronautics)
Location
Toronto
Toronto
Concord, Ontario
Concord, Ontario
Richmond Hill, Ontario
Richmond Hill, Ontario
CEO
Sohrab Haghighat
Sohrab Haghighat
Founder
Saharnaz Safari
Saharnaz Safari
Sohrab Haghighat
Sohrab Haghighat
Pitchbook URL
pitchbook.com/profiles...234260-38
Accelerator
Y Combinator
Y Combinator
Accelerator Batch
‌
Y Combinator W19 Batch
Email Address
info@spaceryde.com
Investors
Ramen Ventures
Ramen Ventures
0
Y Combinator
Y Combinator
Creative Destruction Lab
Creative Destruction Lab
Jude Gomila
Jude Gomila
One Way Ventures
One Way Ventures
Pi Campus
Pi Campus
Founded Date
2018
Latest Funding Type
Seed
Seed

Other attributes

Company Operating Status
Active
Y Combinator URL
ycombinator.com/compani...paceryde
Overview

SpaceRyde, formerly called Loonify Space, is a company developing a launch system to carry small satellites into orbit. It is headquartered in Richmond Hill, Ontario, and was founded in 2018 by Saharnaz Safari and Sohrab Haghighat.

The company's launch system consists of a balloon that carries a rocket up to approximately 35 km, and then the rocket is launched in mid-air for orbital or suborbital flights. The SpaceRyde launch system is designed specifically for launching small satellites into orbit. SpaceRyder claims it is offering the lowest cost per KG of payload of any launch provider (as of February 2020).

On June 9, 2019, SpaceRyde performed its first test flight in North Bay, Ontario, and was conducted at a low altitude. The company released a statement about their test flight by telling reporters they carried out:

A scaled down version of their launch platform and rocket in Northern Ontario, Canada. The test wasn’t a complete success – a modification to the off-the-shelf rocket engine they used didn’t work exactly as expected – but it did demonstrate that their in-flight launch platform orientation tech worked as intended, and Safari says the malfunction that did occur is relatively easy to fix.
Funding
Seed

On March 18, 2019, SpaceRyde announced raising an undisclosed amount of seed funding from Y Combinator (lead investor), Pi Campus, Pegasus Tech Ventures, and One Way Ventures. The seed funding was announced right after Y Combinator's W19 Demo Day.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

SpaceRyde wants to make access to space more available and more affordable

Darrell Etherington

https://techcrunch.com/2019/06/24/spaceryde-wants-to-make-access-to-space-more-available-and-more-affordable/

Web

June 24, 2019

References

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