Astranis Aims For The Stars With New $200M Round

Space startup raised a fresh $200 million round to build out its Omega satellite program.

The new round was co-led by and , along with participation from the likes of , and

Founded in 2015, Astranis has raised more than $750 million, per the company.

The San Francisco-based startup develops small broadband communications satellites for telecoms. The company plans to have more than 100 of its first-generation satellites operating in orbit by 2030.

Earlier this year it debuted its Omega satellites that will provide more bandwidth capacity.

While Astranis did not release a valuation number, the company raised a $200 million round in April 2023 at a $1.6 billion valuation, . That deal was led by .

Space cash

Space startups have done well this year as satellite and communication companies continue to attract new investment.

So far in 2024, space-related startups have raised more than $3.7 billion, per SA国际传媒 . Such startups raised about $5.9 billion through all of last year 鈥� putting this year鈥檚 venture funding ahead of that pace.

Of course, that is well off the highs of the previous two years, when space startups locked up $9.6 billion (2022) and $12.3 billion (2021). However, those years were a much different time, with venture capital hitting never-before-seen highs.