Starfish Space raises more than $100 million

WASHINGTON — Starfish Space has raised more than $100 million to scale up production of its satellite servicing spacecraft.

"From our perspective, Starfish has made steady progress toward practical on-orbit servicing," said Chris Morales, partner at Point72 Ventures, in a statement. "We believe their early traction with defense and commercial customers and successful autonomous missions show these capabilities are becoming increasingly relevant to space operations and national security.

The company, which raised $29 million in November 2024, says the funding will enable it to scale up production of its Otter line of spacecraft designed for in-space servicing of other spacecraft. The company has won several contracts from government and commercial customers for missions to extend the lives of satellites or deorbit defunct satellites.