Sphere Tech (STI) is a global technology company with a focus on sphere technology, a revolutionary technology that uses a large amount of electricity to propel objects and other objects to higher altitudes.
STI recently raised a Series B round of $1,8B in Series A financing led by BofA Merrill Lynch.STI is focused on three primary technologies: spheres, propulsion and the development of space-based spacecraft.STIs mission to explore the edge of the solar system was initially conceived in the late 1990s, and has since evolved into a multi-billion dollar industry with more than 100,000 employees worldwide.
The company is currently focused on commercialization and expansion in the U.S., and will be investing in a second spinoff company, Sphere Technologies, in the United Kingdom.STi, founded in 1994 by former NASA engineers and entrepreneurs, was founded on the premise that space technology is the future of humanity and that it must be developed to be a true engine of economic growth.
STIs mission is to explore an unknown world of the Solar System and beyond.
STi currently operates a total of 16 spacecraft and is developing more to support exploration in the next several years.STis first mission to Venus, in 2018, was one of the most successful in the company’s history.
STis mission was successful in reaching Venus from a distance of over 4,000 miles (6,000 kilometers).
STi successfully captured images of the Venusian atmosphere and the planet’s surface.
In 2021, STi became the first company to successfully send a satellite into orbit around the planet.ST i has since developed two other satellites and is working on a third spacecraft that will be launched to the International Space Station in 2023.
The next satellite mission will launch in 2024.
ST i is currently working on the next-generation STi CubeSat spacecraft and a launch vehicle.
STion, the company�s next-gen spacecraft, will launch next year, and will launch from a launch site in the Atlantic Ocean.
The CubeSat is currently being built in a factory in Texas, and is scheduled to launch in 2021.
ST ion will also launch from the same launch site.STion will be powered by the same engines that powered STi�s spacecraft, but the CubeSat will be built from a lower mass of the same materials and components used in STi spacecraft.
STions next-grade spacecraft will be capable of orbiting the Earth at much lower altitudes than STis current spacecraft.
The first mission of the company is scheduled for 2019, and the next mission in 2021 will launch.
ST ions CubeSat launches in 2019 and will orbit the Earth in 2021, and also will be the first spacecraft to orbit the Moon.
STial, STion�s third CubeSat, will fly in 2022 and orbit the moon in 2024, and STion will also be the last CubeSat to orbit Mercury.
The company currently has a total revenue of $12.2B, and intends to generate additional revenue through new ventures and partnerships.