Star Catcher Raises $65 Million to Build the First Power Grid in Space

Star Catcher, powering the next industrial revolution, led by Andrew Rush, Michael Snyder, and Bryan Lyandvert, has raised $65 million in an oversubscribed Series A round. The new investment, led by B Capital and co-led by Shield Capital and Cerberus Ventures, the venture arm of Cerberus Capital Management, brings Star Catcher's total capital raised to $88 million. Cerberus’ General John W. “Jay” Raymond (Ret.), the first Chief of Space Operations of the United States Space Force, will join Star Catcher's board, along with B Capital General Partner and Global Head of Energy Jeff Johnson and SHIELD Principal David Rothzeid. GreatPoint Ventures, Helena, Oceans Ventures, and MVP Ventures also participated in the round.

“This investment reflects the view that orbital infrastructure is becoming as fundamental as terrestrial infrastructure,” said Andrew Rush, co-founder and CEO of Star Catcher. “Space applications are power-constrained today, and Star Catcher is raising that limit to enable at-scale orbital systems for the next era.”

Founded less than two years ago, Star Catcher is building a space-based energy layer that delivers on-demand power to satellites via optical beaming. After early traction, the company set a world record in optical power beaming, completed an on-orbit demo, and validated its system architecture. The Series A enables the shift from proven technology to scalable infrastructure.

“At B Capital, we invest in technologies scaling energy infrastructure, and similar dynamics are now emerging in orbit,” said Jeff Johnson. “Demand is rising, infrastructure is limited, and there is a generational opportunity to build the first in-orbit grid. We believe Star Catcher is leading that effort, backed by strong traction and a strong team.”

Next Up: Accelerating Mission Cadence

Star Catcher will launch its first space-based optical power beaming demo later this year, a step toward an in-orbit energy grid delivering up to 10x more power to satellites without retrofit receivers. The mission begins a series designed to validate and scale the system.

The funding also accelerates a second orbital mission and expands engineering capacity for deployment.

“Star Catcher is solving the core constraint in space: power,” said John Serafini. “They’ve rapidly progressed from concept to flight hardware with clear relevance across commercial and national security use cases.”

An Expanding Customer Base

Star Catcher works with commercial space operators and U.S. government stakeholders, with seven power purchase agreements, multiple government contracts, and a $3B+ commercial pipeline. The Series A supports continued expansion across commercial and national security markets.

“Energy and infrastructure resilience are priorities on Earth and in orbit,” said General Raymond. “Power constraints limit key space capabilities, and an on-demand grid could expand both commercial and defense missions.”