Startup Muon Space, specializing in space solutions, has closed a successful $56.7 million Series B funding round, boosting its ability to design and operate satellites satellites in low-Earth orbit. Based in California, Muon Space is revolutionizing access to space with its end-to-end platform, enabling its customers to fully delegate the development and operation of satellites.
Multi-million dollar contracts for Moun Space
The recent financing round was led by Activate Capital was led by Activate Capital, with participation from several investors, including Acme Capital, Costanoa Ventures, Radical Ventures and Congruent Ventures. This new capital brings the total investment in the company to over $91 million, including previous Series A and seed rounds.
The company has secured more than $100 million in customer contracts in 2024, reflecting the growing demand for its “Halo” satellite platform. Notable deals include a strategic alliance with Sierra Nevada Corp. for the development of three satellites for the remote sensing constellation Vindlérremote sensing constellation, the first launch of which is scheduled for 2025.
Muon Space democratizes access to space
Muon Space is changing the rules of the game in the space industry by offering its customers the ability to access space without the need to develop their own flight hardware or software. Its business model, which includes the ability to use both in-house and company-developed payloads, is attracting customers from a variety of sectors, from non-profit organizations to technology companies.
With this recent financial backing, Muon Space is well positioned to expand its service offering and continue its mission to make space more accessible and affordable for all.
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Source and photo: MuonSpace
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