Orbital repair startup Starfish raises $100 million in private investment capital
Images taken by Starfish’s camera.
The orbital servicing startup Starfish Space has now raised an additional $100 million in private investment capital, in addition to the $29 million raised previously.
Seattle-based Starfish announced April 7 it closed a Series B round led by Point72 Ventures, raising more than $100 million. Activate Capital and Shield Capital co-led the round, with major participation from Industrious Ventures and NightDragon. Several other new and existing investors were also part of the funding round.
…The company, which raised $29 million in November 2024, says the funding will enable it to scale up production of its Otter line of spacecraft designed for in-space servicing of other spacecraft. The company has won several contracts from government and commercial customers for missions to extend the lives of satellites or deorbit defunct satellites.
Starfish has already won contracts to do a variety of demo and satellite repair missions with the military (see here, here, and here) totaling about $144 million.
This financial success has occurred despite the fact that Starfish’s Otter servicing robot has yet to dock and repair any satellite. It has done two rendezvous and proximity demo missions, the second of which was supposed to do a docking but could not when the owner of the target satellite backed out of the project. The Otter-2 robot is still working in orbit, but the company has not been able to find a new target spacecraft to dock to. The company has also demonstrated its camera on another company’s orbital tug, as shown by the images above.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Images taken by Starfish’s camera.
The orbital servicing startup Starfish Space has now raised an additional $100 million in private investment capital, in addition to the $29 million raised previously.
Seattle-based Starfish announced April 7 it closed a Series B round led by Point72 Ventures, raising more than $100 million. Activate Capital and Shield Capital co-led the round, with major participation from Industrious Ventures and NightDragon. Several other new and existing investors were also part of the funding round.
…The company, which raised $29 million in November 2024, says the funding will enable it to scale up production of its Otter line of spacecraft designed for in-space servicing of other spacecraft. The company has won several contracts from government and commercial customers for missions to extend the lives of satellites or deorbit defunct satellites.
Starfish has already won contracts to do a variety of demo and satellite repair missions with the military (see here, here, and here) totaling about $144 million.
This financial success has occurred despite the fact that Starfish’s Otter servicing robot has yet to dock and repair any satellite. It has done two rendezvous and proximity demo missions, the second of which was supposed to do a docking but could not when the owner of the target satellite backed out of the project. The Otter-2 robot is still working in orbit, but the company has not been able to find a new target spacecraft to dock to. The company has also demonstrated its camera on another company’s orbital tug, as shown by the images above.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News