With Completed $65M Series A Raise, Star Catcher Prepares Its Next Giant Leap
The oversubscribed round brings total funding to $88 million as Star Catcher prepares its first space-based power-beaming test later this year.
- Florida-Based Star Catcher Industries announced on May 12 it raised $65 million in an oversubscribed Series A funding round, bringing total capital raised to $88 million.
- Star Catcher plans to operate a network of "power node" spacecraft in Earth orbit that harvest solar energy and transmit it via laser to client satellites requiring no modifications or special equipment.
- Testing at NASA's Kennedy Space Center in Florida previously saw Star Catcher beam 1.1 kilowatts of power, breaking the 800 watt record set by the Defense Advanced Research Projects Agency .
- Led by B Capital, the round includes Shield Capital and Cerberus Ventures, with retired Space Force Gen. Jay Raymond joining the board as the company secures $60 million in signed contracts.
- Star Catcher will launch its first in-space optical power beaming demonstration later this year, aiming to validate technology and address power constraints currently limiting space-based missions.
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US: Star Catcher nears launch of world's first energy grid in space
Star Catcher, the company aiming to build the “first energy grid in space”, just announced it has raised $65 million in a Series A funding round. This brings its total capital raised to $88 million. In a statement announcing the new funding round, the company also stated it aims to launch the first-ever space-based optical power-beaming demonstration later this year. As space startups increasingly seek to deploy terrestrial infrastructure into l…
Star Catcher Raises $65 Million to Build First Power Grid in Space
Florida-headquartered Star Catcher Industries said it has raised $65 million in an oversubscribed Series A funding round, as the company continues its effort toward building the first space-based power grid. Star Catcher, based in Jacksonville, said the new investment—led by B Capital and co-led by Shield Capital and Cerberus Ventures, the venture arm of Cerberus […] The post Star Catcher Raises $65 Million to Build First Power Grid in Space app…
Star Catcher just raised $65 million to build the world's first power grid in space — with lasers
Star Catcher Industries just raised $65 million to build a constellation of power-beaming satellites, which the Florida company thinks will supercharge the off-Earth economy.
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