Astranis raises $455M to expand high-orbit satellite production

Astranis raised $455 million in combined equity and debt financing to accelerate production of its satellites for geostationary and other high-orbit applications. The package includes a $300 million Series E equity round co-led by Snowpoint Ventures and Franklin Templeton, plus a delayed-draw credit facility from Trinity Capital worth up to $155 million. The company said the capital will support manufacturing expansion and future growth as demand rises for its spacecraft.

Other investors in the equity round include Andreessen Horowitz, funds and accounts managed by affiliates of BlackRock, Baillie Gifford, and Fidelity Management & Research Company, along with BAM Elevate, Nimble Partners, Friends & Family Capital, and other new and existing backers. Astranis is focused on building compact satellites for high-orbit connectivity, and the new financing is intended to help it scale production for commercial customers as well as U.S. government programs.

The raise brings Astranis’ total funding to more than $1.2 billion. Some reports described the equity portion as having a valuation of about $2.8 billion, but that figure was not consistently included in the primary reporting available here, so it should be treated as unconfirmed from the sources provided.