Astranis Space Technologies Corp., an advanced manufacturer of satellites for higher orbit, recently raised new capital to support its rapid growth amid increasing demand. In May 2026, the company raised $300 million in a Series E funding round and entered into a $155 million delayed draw credit facility.

Based in San Francisco, California, Astranis designs, manufactures, and operates satellites for geostationary orbit (GEO) and other high orbits. Geostationary orbit, which refers to a specific circular orbit at an altitude of approximately 36,000 km above the earth’s equator, plays a particularly important role in national security.

While a number of companies have launched satellites into medium earth orbit (MEO) and low earth orbit (LEO), space technology companies have historically struggled to produce GEO satellites that are small, relatively cheap, and that can be produced quickly. Founded in 2015, Astranis has figured out how to manufacture GEO satellites that are about the size of a commercial washing machine, rather than the size of a school bus. More significantly, the company has devised a method for creating these satellites in an affordable manner. Astranis has established itself as a leader in small geostationary communications satellites.

Astranis launched its first satellite in 2023, called MicroGEO, which provides dedicated satellite broadband. Astranis currently has five satellites in orbit, with additional planned launches soon. The company has a backlog of more than $1 billion of contracts with commercial customers. The company’s customers include large companies, the U.S. military, and various government organizations. Astranis has been awarded a prime contract for the U.S. Space Force’s Protected Tactical SATCOM Global Program.

Astranis recently entered into a partnership with MB Group, a multinational conglomerate based in Oman, to provide satellite broadband across key markets in the Middle East. The partnership supports their mission of supplying reliable, secure, and high-speed connectivity.

“The world is more contested and volatile than it once was,” stated co-founder and CEO John Gedmark. “Sovereign, secure communications infrastructure is more critical than ever. We built Astranis to deliver satellites at speed and at scale. This capital accelerates our ability to meet demand from our commercial customer base around the world, and importantly we are now spooling up to support multiple U.S. government programs of record simultaneously.”

The Series E funding round was led by Snowpoint Ventures and Frankling Templeton. Other participants in the Series E round included Andreessen Horowitz, BlackRock, Fidelity, and Nimble Partners. The company has raised $1.2 billion of capital from investors to date.

The company also secured a $155 million delayed draw credit facility with Trinity Capital. The loan commitments are intended to support additional new manufacturing capacity and company growth.

The company intends to use the new funds for increasing satellite production to serve the needs of its commercial customers. The new capital will also be used to support its U.S. government programs. The U.S. Space Force is ramping up investments and partnerships with

private space technology companies. Continuous space monitoring is becoming more critical than ever in the midst of heightened geopolitical tensions with China and Russia.