Funds are also to be used to accelerate the development of Nova, as well as enhancements to private testing and manufacturing facilities, the company said.
Starlab Space is a U.S.-based joint venture between Airbus and Voyager Space, a Denver-based space station, robotics and satellite development startup.
The decrease in funding for the subcontinent’s space startups appears to be part of a natural investment cycle rather than a sign of waning investor interest in the sector.