PANews reported on January 23 that Morningstar Ventures, Space's investment firm, urged the Space team to prioritize the interests of the community and public salePANews reported on January 23 that Morningstar Ventures, Space's investment firm, urged the Space team to prioritize the interests of the community and public sale

Morningstar Ventures speaks out on the Space project, demanding refunds and transparency.

2026/01/23 11:27
1 min read
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PANews reported on January 23 that Morningstar Ventures, Space's investment firm, urged the Space team to prioritize the interests of the community and public sale participants, demanding that the refund application page be launched on January 27 as previously promised, with at least 50% of the raised funds to be refunded. The venture also encouraged the team to refund as much as possible within its current financial capacity. All public sale users can choose a partial refund. The venture also called for disclosure of fund usage, current balance, and future roadmap, stating that it is not a lead investor in Space, but only a small investor, and is pushing the team to refund as much as possible and release the first public version of the product on schedule.

As reported yesterday, Space responded to community questions regarding fundraising amounts and refund transparency, deciding to refund $7.3 million in excess funds.

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