Astranis has raised a $300M Series E to continue development of its GEO spacecraft, the company announced today.
Snowpoint Ventures and Franklin Templeton co-led the round, which valued the company at $2.8B, according to a source close to the deal. The round also included participation from Andreessen Horowitz, as well as through funds managed by Blackrock, Baillie Gifford, and Fidelity Management and Research Company.
But wait, there’s more: In addition, Astranis also secured a $155M delayed-draw credit facility from Trinity Capital. The new capital brings the company’ s total raised to $1.2B+. Its last fundraise was a $200M Series D in July 2024.
“Astranis’s capacity to design, manufacture, and operate satellites for critical enterprise and national security needs makes them a leader in their field,” Ryan Little, senior managing director at Trinity Capital, said in a statement. “We’re honored to support them as they scale.”
What’s next: Astranis will use the funds to ramp up its spacecraft production, as it aims to meet demand from commercial and military customers, according to a press release. The company is already on contract for missions including:
- A MicroGEO satellite for Oman;
- SSC’s Andromeda program, which focuses on SDA capabilities in GEO;
- Space Force’s Protected Tactical Satellite Communications-Global program;
- SSC’s Resilient GPS program
- A MicroGEO communications sat for Taiwan.
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Scout Space closed an $18M Series A to fuel plans for expansion that include building a new satellite sensor factory outside DC, and nearly doubling Scout’s headcount in the next 18 months.
Washington Harbour Partners led the round, which included additional participation from Scout’s existing investors Noblis Ventures, Fusion Fund, Decisive Point, and the Virginia Innovation Partnership Corporation, among others.
The ramp up: Generally speaking, Scout has two business lines that contribute roughly equally to the company’s bottom line, CEO Josiah Gruber told Payload.
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