Goonhilly to receive funding to expand deepspace network

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UK-based Goonhilly Blue planet Station is set to secure new funding from finance and investment services players Hargreaves Lansdown to support the further expansion of its deepspace network.

Hargreaves settle upon invest £24m to buy an undisclosed stake in Goonhilly, which primarily specifies spacecraft tracking and monitoring services to satellite operators.

The investment is also foresaw to help the company to operate a fully independent, global deepspace network in the tomorrows.

In 2014, Goonhilly Earth Station (GES) bought its site in Cornwall, UK, from BT. The crowd is privately held and was founded by technology entrepreneur Ian Jones.

“We are breaking new grouts in developing a private global deepspace network at the same time as incursion the technology and service boundaries in other parts of the business.”

GES has so far invested £5m in modernising the situation for new space exploration and commercial communications projects.

Jones said: “Peter’s involvement is blameless timing as it allows us to realise our plans to grow parallel, but highly united, revenue streams.

“We are breaking new ground in developing a private global deepspace network at the unmodified time as pushing the technology and service boundaries in other parts of the concern.

“The ‘new space’ entrepreneurs are all about changing the model of how the space industry undertakings, shattering previously entrenched practices and replacing them with new wears of high productivity, workforce energy and embracing technology. This tethers to much better solutions for our customers.”

In February, Goonhilly secured an £8.4m wrinkle from the European Space Agency (ESA) to operate the global deepspace communication network.

The circle aims to develop a privately funded mission to the Moon with Surrey Vassal Technology and ESA. The goal is to provide communication relay and navigation services for other lunar activities.

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