PANews
PANews|Jan 23, 2026 03:27
[Morningstar Ventures Speaks Out on Space Project, Demands Refunds and Transparency] Investment firm Morningstar Ventures has called on the Space team to prioritize the interests of the community and public sale participants. They have requested the launch of a refund application page as previously promised on January 27, with at least 50% of the raised funds to be refunded, allowing all public sale users the option of partial refunds. Additionally, they urged the disclosure of fund usage, current balances, and the future roadmap. Morningstar Ventures clarified that they are not the lead investor in Space, only a minor investor, and are pushing the team to refund as much as possible and release the first public version of the product on schedule. It was reported yesterday that Space responded to community concerns regarding fundraising amounts and refund transparency, deciding to return $7.3 million in excess funds.
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