Orbit Fab Awarded as 2023 Technology Pioneer by World Economic Forum

• The World Economic Forum announces selection of the 100 most promising Technology Pioneers, companies that are tackling such issues as sustainability, climate change and healthcare.
• Orbit Fab, the leading developer of in-space refuelling systems that will enable a sustainable and bustling space economy, is among the winners
• This year’s cohort includes representation from 31 economies on six continents.
• The full list of Technology Pioneers can be viewed here.

Lafayette, Colorado – 21 June 2023 – Orbit Fab, the leading provider of on-orbit refuelling services and propellants, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. The in-space refuelling depots and shuttles will make extended space missions and the bustling space economy possible and sustainable.

The World Economic Forum’s Technology Pioneers are early-stage companies that are at the forefront of new technologies and innovation and are poised to have a significant impact on business and society.

“We’re excited to welcome Orbit Fab to our 2023 cohort of Technology Pioneers,” said Verena Kuhn, Head of Innovator Communities at the World Economic Forum. “Orbit Fab and its fellow pioneers are at the forefront of innovation and disruption needed to help us solve the world’s most pressing issues. We look forward to their contribution to the Forum’s content work that brings together public and private sector to tackle these global issues.”

As a Technology Pioneer, Orbit Fab CEO Daniel Faber has been invited to engage with the World Economic Forum, working with global leaders to help address key industry and societal issues. Technology Pioneers will also be invited to join Forum events and discussions throughout the year, bringing together leading stakeholders from the public and private sector.

“Orbit Fab is thrilled to be acknowledged as a Technology Pioneer by the World Economic Forum,” said Daniel Faber, Orbit Fab CEO. “We are looking forward to collaborating with other technology innovators and sharing ideas with global leaders with the goal of enhancing life on Earth and beyond through our breakthrough work in space.”

This year’s Technology Pioneer cohort includes startups from 31 economies, with a third led by a woman chief executive. China has the second highest representation with 12 Technology Pioneers, behind US with 29 companies.

More information on this year’s Technology Pioneers can be found here.

More information on past winners, information on the community and the application link can be found here.

About Orbit Fab

Orbit Fab is the leading provider of on-orbit refuelling services and propellants that make extended in-space missions and the space economy possible. Over the past decade, rockets have become reusable. Orbit Fab has made satellites reusable. The company, based in Lafayette, Colorado, with offices in the UK, has developed the Rapidly Attachable Fluid Transfer Interface (RAFTI) fueling port, which is being integrated aboard a growing number of government and commercial spacecraft to enable extended missions in geosynchronous (GEO) and Low Earth (LEO) orbits. Orbit Fab has signed the first government and commercial fuel delivery contracts in GEO. Following its highly successful $28.5 million Series A funding round, Orbit Fab is currently expanding technical and manufacturing capabilities to meet demand for its on-orbit refuelling ports, shuttles and depots, which can deliver and dispense chemical, electric and green propellants in space. For more information, visit www.orbitfab.com.

About World Economic Forum

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).

About the Technology Pioneers

Launched in 2000, the Technology Pioneer community is composed of early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. The World Economic Forum provides the community with a platform to engage with public and private sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.

The Technology Pioneers community is part of the Innovator Communities within the Forum’s Centre for the Fourth Industrial Revolution. The Innovator Communities convene the world’s leading global startups across different growth stages from early-stage Technology Pioneers to growth-stage Global Innovators and unicorn companies valued at more than $1 billion.