Astranis#70
About
Astranis designs and manufactures small, low-cost MicroGEO communications satellites that deliver dedicated broadband for commercial, sovereign, and military customers from geostationary orbit.
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After 7 incredible years, I’m leaving Astranis. Hell of a run! I’m proud to have helped us scale up to: ‣ 500 people ‣ >$1B of in sales ‣ 5 satellites on orbit ‣ 150,000 sq ft of factory space And I am SO stoked to watch Astranis scale to 20+ satellites launching every year… there's truly nothing else like building a physical object for years, strapping it to a ROCKET, and blasting it into space. I'll remember those launches forever. (And the hotels in Cocoa Beach... because that's were we found out we were having our first baby, pregnancy test at the Marriott haha.) The thing I’ll remember most, though, is the team. So many people helped us build Astranis — from the execs, to the engineers who became team leads, to my Finance and External Relations teams, to our alumni: founders, filmmakers, Hill staffers, future congressmen, and more. I’ll announce what’s next for me soon… it's something totally different. (Not a startup!) But for now: Astranis rules. I’m so proud of the team, I sincerely believe Astranis will have a huge impact on the world, and I'm honored that @Gedmark trusted me and gave me a chance to help him build a company and team that I love.
I'm excited to announce @Astranis has raised $450 million of new capital. All of it so we can scale to meet surging demand for advanced high-orbit spacecraft— for GEO, MEO, and beyond. This includes a Series E led by Snowpoint and Franklin Templeton, with Andreessen Horowitz, BlackRock, Baillie Gifford, Fidelity, BAM Elevate, Nimble Partners, and Friends & Family Capital, participating alongside many others, totaling $300 million. 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. This comes at a turning point in the space industry, and for higher orbits specifically. In our commercial business, we've seen more demand than ever for sovereign systems. As countries and large enterprises need dedicated, secure communications infrastructure. Something that can only be provided from GEO. For our US Government customers, Astranis has proven we can serve as a Neo Prime for some of the most important defense missions. And we are now spooling up to support multiple US Government Programs of Record simultaneously. Astranis has now been selected as Prime for the initial phase of 3 separate Programs of Record— PTS-G, Resilient GPS, and RG-XX/Andromeda. And we’re just getting started. This comes as Space Force is seeing one of the largest budget increases ever seen by a service branch with this year’s budget increasing to $71.1 billion. That is in direct response to new space threats posed by adversaries China and Russia. With GEO being where our most critical national security space assets are, we can’t afford to delay. We need to get new capability deployed with incredible speed, and Astranis is ready to serve. Special thanks to the Astranis existing investors who also participated in this financing round and have backed us from the beginning, including ACE, Elefund, Garage Capital, Helium-3, Liquid2, Metaplanet, and Uncorrelated. This brings Astranis’s total raised to more than $1.2 billion, and this capital goes straight to work.
Astranis is partnering with Impulse Space for our 2027 launch: SpaceX Falcon 9 to LEO, Impulse Helios direct-inject to GEO. This is our third dedicated launch, and with 6 satellites onboard, we will lead the GEO industry by number of satellites launched this decade. This partnership will cut our orbit raise from months to hours, a capability highly demanded by both commercial and government customers. In 2027 we’ll have 16 satellites in GEO — which, by our count, means we’ll operate the 8th largest commercial fleet in GEO (even after giving everyone ahead of us a 30+ year head start). We are nearly ready to start announcing our customer lineup for the new satellites, and by 2027 we will be serving enterprise customers across the globe, from telcos, to data centers, to oil & gas companies, and more. Everyone needs comms. And sophisticated buyers that have hard & fast requirements for security, independence, data sovereignty, and network visibility increasingly choose Astranis. We’re honored to work with two legends of the rocket business, SpaceX and @_Eric_Romo / @lrocket at Impulse Space, to make our 2027 mission a success. And you can bet that we’ll have much more to announce, more launches and more satellites sold, in the near future.
Extremely excited to announce that I am no longer the acting CFO at Astranis
Astranis builds compact, low-cost geostationary satellites that beam internet to underserved regions. Each one weighs roughly 400kg, a fraction of the multi-ton mass of traditional GEO satellites, yet delivers dedicated bandwidth to a single country or coverage area. By going small and flying high, they fill the gaps satellite mega-constellations leave behind
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