SpaceIL Raises $ 70 Million for Beresheet 2 Moon Mission


Israel is well on its way to another trip to the moon after Israeli nonprofit space agency SpaceIL received $ 70 million in funding from a group of donors, a press release announced on Sunday.

The mission misses the estimated cost of $ 100 million by $ 30 million. The mission, which is scheduled for a launch in 2024, will be the first in history to land two spacecraft on the moon at the same time, according to the press release.

“I am grateful to our dear donors, who believe in the power of the extraordinary Beresheet 2 mission to inspire a generation of students and dreamers, for their trust in SpaceIL’s ability to carry out this challenging mission that Israel will place in the forefront of global space technology, ”said Shimon Sarid, CEO of SpaceIL.

Entrepreneurs include Patrick Drahi from the Patrick and Lina Drahi Foundation, Morris Kahn from the Kahn Foundation, the Moshal Space Foundation and Entrée Capital, the press release said.

“The Drahi Foundation aims to promote innovation and entrepreneurship in addition to science education in order to position Israel as an international powerhouse in these areas,” said Angelina Drahi, CEO of the Drahi Foundation. “The foundation’s focus on this project will be the invaluable educational aspect.”

The project, titled Beresheet 2, is Israel’s second moon landing jump after the original Beresheet mission crashed on the moon in April 2019.

“The Beresheet project is my life’s work, so I’ve decided to take it back on,” said Morris Kahn, SpaceIL’s chief executive officer. “I plan to do everything in my power to bring Israel back to the moon, this time for a historic double landing. As an entrepreneur, I believe that one should constantly seek new challenges and even double the risk and join a group of entrepreneurs, philanthropists and visionaries led by the Drahi family who have decided to embark on this new journey in the space race of private companies. “

With the funding came the establishment of a new board of directors for SpaceIL, which Kahn will chair. Its members include Drahi, Amalia Zarka, General Manager of the Drahi Philanthropic Foundation; Tal Granot-Goldstein, CEO of the HOT Group; Frank Malul- CEO of i24news; Aviad Eyal, Managing Partner of Entrée Capital and representative of the Moshal Space Foundation; and Dafna Jackson, CEO of the Kahn Family Office.

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