Starfish Space, a business providing satellite services, revealed on November 13 that it has raised $29 million in a fresh round of funding headed by Shield Capital. Munich Re Ventures, Toyota Ventures, NFX, and Industrious Ventures are among the other investors in the round, along with newcomers Point72 Ventures, Booz Allen Ventures, Aero X Ventures, Trousdale Ventures, and TRAC VC.
Established by former engineers from Blue Origin and NASA, Starfish Space creates self-sufficient satellite maintenance vehicles to prolong the lifespan of satellites and eliminate space junk. Recent successes for the company include agreements with NASA and commercial satellite operator Intelsat, as well as a $37.5 million contract with the U.S. Space Force.
With the closing of the latest round, Starfish has raised more than $50 million in total fundraising to date.
Otter is an in-space maintenance vehicle created by Tukwila, Washington-based Starfish. Starfish will be able to finish developing the first three Otter vehicles with the new money, which will be used for missions for NASA, the U.S. Space Force, and Intelsat. In 2026, Intelsat and the U.S. Space Force are expected to launch their Otter missions into geostationary orbit.
The investment in Starfish is the third space-focused investment made by Booz Allen Ventures, the startup capital division of consulting behemoth Booz Allen Hamilton. According to Chris Bogdan, executive vice president of Booz Allen and head of the company’s space division, “This investment aims to strengthen the resilience and sustainability of space infrastructure through innovative offerings for both government and commercial mission sets,”
Prior space investments made by the corporation include Quindar, which automates satellite fleet management operations, and Albedo, which creates low-flying satellites for high-resolution Earth observation.Starfish Space, a business providing satellite services, raises $29 million.