Starfish Space, a startup specializing in satellite servicing, has secured $29 million in funding to advance its mission of extending satellite longevity and addressing the issue of space debris.
Starfish Space recently completed a funding round, led by Shield Capital, which raised a total of $29 million. Various investors participated in the round, including Point72 Ventures, Booz Allen Ventures, Aero X Ventures, Trousdale Ventures, and TRAC VC. Existing investors Munich Re Ventures, Toyota Ventures, NFX, and Industrious Ventures also contributed, bringing Starfish's total funding to over $50 million.
The company, founded by former engineers from Blue Origin and NASA, is focused on developing autonomous satellite servicing vehicles. Their flagship product, the Otter, is currently under development. Starfish Space has secured missions with clients such as Intelsat, the U.S. Space Force, and NASA, highlighting the increasing interest and investment in satellite servicing capabilities.
The growing number of satellites in orbit necessitates effective servicing solutions to mitigate the risks posed by space debris. Starfish Space's focus on autonomous servicing vehicles positions it as a key player in this emerging market. By extending the lifespan of satellites and reducing debris, the company contributes to the long-term sustainability of space operations.
With its recent funding and strategic partnerships, Starfish Space is well-positioned to meet the demand for satellite servicing solutions and play a significant role in shaping the future of space operations.