Moon Express secures $12.5M for further development in Cape Canaveral, 2020 lunar mission

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    A local startup that’s keeping its eye on the moon got another big round of funding to help propel its vision of getting to space.

    Cape Canaveral-based Moon Express Inc. announced Oct. 1 that it raised a total of $12.5 million — a funding round led by Miami-based Minerva Capital Group as well as other undisclosed investors.

    Earlier this year, Moon Express raised $5 million. All of the money is going toward the company’s various projects, such as refurbishment and repurposing Cape Canaveral Launch Complexes 17 and 18 —both of which were demolished earlier this year to make room for Moon Express’s plans — as well as continued development of its lunar lander robots MX-1E and MX-2.