Astranis Adds $450 Million to Meet Surging Demand for Advanced High-Orbit Spacecraft

Astranis, building the world's most advanced satellites for high orbits, led by John Gedmark and the team, has raised $450 million in new capital, bringing the company’s total raised to more than $1.2 billion as it scales to meet increased demand for its spacecraft designed for geostationary orbit (GEO) and other high orbits. The funding includes a new $300 million Series E round co-led by Snowpoint Ventures and Franklin Templeton, with participation from Andreessen Horowitz, funds and accounts managed by affiliates of BlackRock, Baillie Gifford, and Fidelity Management & Research Company, as well as BAM Elevate, Nimble Partners, and Friends & Family Capital, along with other existing and new investors. A delayed-draw credit facility by Trinity Capital adds up to $155 million of additional capital to support the addition of new manufacturing capacity and support future growth.

Astranis will use the new funding to accelerate satellite production for commercial customers and scale capacity to support major U.S. government programs of record. The expansion comes as the U.S. Space Force prepares for a significantly larger budget driven by rising space security concerns, particularly from China and Russia.

John Gedmark said rising global volatility has made secure communications infrastructure more important, and that the new funding will accelerate satellite production to meet commercial demand and expand support for U.S. government programs.

Astranis has been selected as a prime contractor for multiple U.S. Department of War programs of record, including Protected Tactical Satcom-Global (PTS-G), Resilient GPS, and Andromeda.

The raise comes amid growing demand for dedicated communications infrastructure, as governments and enterprises shift away from shared GEO satellites toward sovereign, customer-controlled networks. Astranis has also announced new satellite projects with Chunghwa Telecom and Oman Broadband Company, scheduled for launch later this year.

Alexander Creasey said geostationary orbit (GEO) is a critical domain for national security and highlighted rising demand from the U.S. Space Force for new capabilities in that orbit. He added that Snowpoint Ventures is supporting Astranis as it scales production and accelerates delivery for key U.S. government missions.

James Cross highlighted Astranis’s proven track record of deploying full-capability satellites in higher orbits and said the company is uniquely positioned to deliver sovereign, secure communications infrastructure. He added that the investment reflects strong conviction in both the opportunity and the team.

Ryan Little said Astranis’s ability to design, manufacture, and operate satellites for enterprise and national security needs positions it as a leader in the sector, and noted that Trinity Capital is proud to support its continued scaling.