Space startup Astranis raised a new round of funding of $200 million to expand its Omega satellite program.
The new round was co-led by Andreessen Horowitz AND Lift Bamwith the participation of individuals equivalent to Baillie Gifford, Black Rock AND Faithfulness.
Founded in 2015, Astranis has raised greater than $750 million, in keeping with the company.
The San Francisco-based startup is developing small, broadband communications satellites for telecommunications. The company plans to have greater than 100 first-generation satellites in orbit by 2030.
Earlier this 12 months, the company unveiled its Omega satellites, which can provide greater capability.
While Astranis didn’t disclose the valuation amount, the company raised $200 million in April 2023 at a valuation of $1.6 billion, in keeping with Bloomberg’s report. This contract was conducted by Andreessen Horowitz.
Space Cash
Space startups have performed well this 12 months, with satellite and communications firms continuing to draw new investment.
According to Crunchbase, space-related startups raised over $3.7 billion in 2024 dataSuch startups raised about $5.9 billion in funding last 12 months alone — putting this 12 months’s enterprise capital funding ahead of that pace.
Sure, that is well below the peaks of the previous two years, when space startups locked up $9.6 billion (2022) and $12.3 billion (2021). But those years were very different times, and enterprise capital reached unprecedented heights.