Charter Space

Charter Space, an insurance company focused on the space industry, has raised $5 million in seed funding. The round signals growing investor interest in insurance products for satellites and other space assets as commercial space activity expands. Details on the investors or planned use of the funds were not disclosed in the initial report.

Charter Space has raised $5 million to develop insurance products for the space industry, TechCrunch reports. The startup sits at the intersection of space and fintech, aiming to cover satellites and other space assets as commercial activity in orbit expands. The funding round is drawing attention as more private companies launch hardware into space and seek protection against costly failures.

The European Space Agency has published a guide explaining its Zero Debris Charter, an initiative aimed at tackling the growing problem of space junk in Earth's orbit. The charter outlines commitments for space actors to minimise debris creation and support debris mitigation practices. As satellite launches multiply, the ESA's effort to rally international signatories around cleaner orbital operations is drawing attention across the space sector.

A St. Paul church has listed its former charter school building for sale or lease, opening up a sizeable property in the local real estate market. The move suggests the congregation no longer needs the space after the school vacated, and interest is likely to focus on what kind of buyer or tenant might take over the site.

Insurance startup Charter Space has raised $5 million in a funding round covered exclusively by TechCrunch. The company aims to provide insurance products for the growing space industry, covering satellites and other orbital assets. The raise comes as commercial space activity expands and insurers look to serve new customers beyond Earth.