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March 31,2026

Luxembourg's Terraspark Raises €5 Million for Space Solar Power Technology

Terraspark, a Luxembourg-based startup, has raised over €5 million in pre-seed funding to advance space-based solar power technology. Founded in 2025, the company aims to beam solar energy from orbit using radio frequency transmission. It will begin with Earth-based wireless power pilots before scaling to space, targeting orbital demonstrations by 2027 and initial space-to-Earth transmission by 2028, addressing global energy demand, grid constraints, and reliability challenges.

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