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.

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.







