SAS Global, in an April 15 notice to the Australian Stock Exchange, said it needs to raise 7.2 million Australian dollars ($5.2 million) to prevent further delays with its constellation of low Earth orbit satellites.
GomSpace is holding up production on a 200-cubesat order from telecom startup Sky and Space Global due to past-due payments.
Kleos Space, a Luxembourg-based satellite Earth observation startup, raised 6.96 million Euros ($8 million) from investors and began trading on the Australian Stock Exchange.
The host satellite, built by Danish cubesat specialist GomSpace, is a so-called 6U cubesat measuring 20x30x10 centimeters.
Virgin Orbit, which expects to debut the air-launched LauncherOne rocket by summer, signed a contract Jan. 16 with GomSpace to send eight nanosatellites into orbit next year to track airplanes and ships.