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- Astranis
Astranis Revenue, Valuation, Funding & Investors
Astranis is valued at $1.6B as of April 2023, a 16.0x multiple on its last reported $100M revenue.
Last Astranis valuation
$1.6B
Undisclosed stage · Apr 2023
Last Astranis funding round
$300M
Series E · May 2026
Astranis revenue
$100M
Undisclosed stage · Apr 2023
Key investors in Astranis
Andreessen Horowitz
Y Combinator
BlackRock
Refactor
BAM Elevate
Fidelity
About Astranis
Astranis is a satellite manufacturer delivering geostationary communications spacecraft to enterprises, governments, and military clients. San Francisco-headquartered in a 153,000 square foot facility, the company operates five MicroGEO satellites providing high-throughput networks in high orbits. Astranis fulfills contracts for secure data links in Asia-Pacific and Africa regions with customizable payloads for 99.99% uptime.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Revenue
$100M (Apr 2023)
Valuation
$1.6B (Apr 2023)
Astranis Valuation
Astranis is currently valued at $1.6B, based on its undisclosed-stage round in April 2023.
The $200M round was led by Andreessen Horowitz, with participation from Manta Ray Ventures.
Astranis' valuation has grown 1.1x from $1.4B at its Series C in April 2021 to $1.6B in April 2023, across 2 priced rounds.
Astranis valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2023 | Undisclosed stage | $1.6B | 16.0x |
| Apr 2021 | Series C | $1.4B | 14.0x |
Astranis Revenue
Astranis' latest recorded revenue is $100M, as of its undisclosed-stage round in April 2023. At a $1.6B valuation, that implies a 16.0x revenue multiple.
Revenue moved from $100M in April 2021 to $100M in April 2023, while the revenue multiple moved from 14.0x to 16.0x.
Astranis revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2023 | $100M | $1.6B | 16.0x | Undisclosed stage |
| Apr 2021 | $100M | $1.4B | 14.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Astranis Funding History
Astranis has raised a total of $1B across 6 funding rounds.
Astranis' first fundraising round was a $14M Series A in March 2018. The most recent completed round was a $300M Series E in May 2026.
Astranis funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Series E | BrandywineGLOBAL (lead); Snowpoint Ventures (lead); Baillie Gifford; Nimble Partners; Friends & Family Capital; Fidelity; Andreessen Horowitz; BlackRock; BAM Elevate | $300M | - | Astranis raised $450 million in new capital on May 6, 2026, comprising a $300 million Series E equity round co-led by Snowpoint Ventures and Franklin Templeton, with participation from Andreessen Horowitz, BlackRock affiliates, Baillie Gifford, Fidelity Management & Research Company, BAM Elevate, Nimble Partners, Friends & Family Capital, and other investors, plus a $155 million delayed-draw credit facility from Trinity Capital. The Series E valued the company at $2.8 billion post-money. Total funding raised to date exceeds $1.2 billion, following a $200 million Series D in July 2024. The capital will accelerate satellite production to meet surging demand from commercial customers and scale operations to support major U.S. Government Programs of Record as a new prime contractor, including addition of new manufacturing capacity. Astranis manufactures advanced spacecraft for geostationary orbit and other high orbits. The company employs a team of 500 engineers and entrepreneurs. |
| Jul 2024 | Series D | Andreessen Horowitz (lead); BAM Elevate (lead) | $200M | - | Astranis is a geostationary satellite manufacturer founded in 2015 that develops smaller, lower-cost telecommunications satellites to provide internet access to underserved regions. The company operates a satellite-as-a-service business model, leasing satellite capacity to internet service providers, mobile network operators, and governments, enabling customers to offer internet services to end-users with payment structures including both upfront and monthly options. In July 2024, Astranis closed a $200 million Series D funding round led by Andreessen Horowitz's a16z Growth Fund and co-led by BAM Elevate, bringing total capital raised to $750 million. The company stated the funding fully finances its Omega development program, the next-generation satellite line designed to scale manufacturing to 24 satellites per year—unprecedented for geostationary orbit operators. The company has secured contracts for a dozen satellites globally representing over $1 billion in satellite services sold and aims to launch 100 MicroGEO satellites by 2030. As of November 2025, Astranis had raised a total of $753.5 million and operates in the rapidly expanding global satellite internet market, which is projected to grow from $4 billion in 2023 to $17.1 billion by 2028. |
| Apr 2023 | Undisclosed stage | Andreessen Horowitz (lead); Manta Ray Ventures | $200M | $1.6B | Astranis Space Technologies Corp., founded in 2015 in San Francisco by John Gedmark and Ryan McLinko, develops compact MicroGEO satellites—smaller, lower-cost geostationary communications satellites that provide targeted broadband internet access to underserved regions, operating in geostationary orbit unlike LEO constellations from competitors like SpaceX. The company leverages a team of over 300 engineers with experience from Apple and SpaceX to manufacture satellites at a fraction of traditional costs, aiming to connect remote areas with high-speed internet using existing ground infrastructure. In April 2023, Astranis raised $200 million in a funding round led by Andreessen Horowitz, with participation including Manta Ray Ventures, bringing the post-money valuation to $1.6 billion and total funding raised to over $553 million at that point. This round combined fresh equity and debt to support scaling production, satellite launches aboard SpaceX Falcon 9 rockets, and commercial operations, including the first commercial satellite launch on April 26, 2023, followed by four more planned that summer. The funding positioned Astranis as a unicorn, emphasizing its niche in affordable GEO replacements for aging satellite networks. Later developments include additional $200 million rounds in July 2024 led by different investors like Fidelity and Baillie Gifford, pushing cumulative funding to approximately $753 million, with goals to deploy over 100 MicroGEO satellites by 2030 via programs like Omega. Astranis competes in the growing space tech sector focused on broadband connectivity, attracting investment amid demand for targeted satellite solutions. |
| Apr 2021 | Series C | BlackRock (lead) | $250M | $1.4B | Astranis Space Technologies Corp. develops small, low-cost MicroGEO geostationary satellites to provide affordable broadband internet connectivity, targeting underserved regions and aiming to connect the next four billion people online. The company differentiates with proprietary software-defined radio technology that enhances satellite performance, flexibility, and scalability for manufacturing at lower costs. Astranis, founded in 2016 and part of Y Combinator's Winter 2016 cohort, focuses on GEO satellites unlike LEO constellations from competitors. The company has global projects to deploy satellites for connectivity in underserved areas, with leadership emphasizing profound impacts on health, education, and economic opportunities. On April 14, 2021, Astranis announced a $250 million Series C financing round valuing the company at $1.4 billion post-money. The round was led by funds managed by BlackRock, with significant participation from new investors Baillie Gifford, Fidelity Management & Research Company LLC, Koch Strategic Platforms, Monashee Investment Management, and Uncorrelated Ventures. Existing investors including Andreessen Horowitz, Venrock, Fifty Years, and others also joined. Some sources note the total raised reached approximately $280-281 million including a final tranche. Proceeds will expand production of Astranis's microsatellite platform to meet global demand for satellite broadband and accelerate R&D on next-generation technologies. This follows a $90 million Series B in February 2020 and brings total funding over $350 million including prior equity and debt. BofA Securities acted as sole placement agent. |
| Feb 2020 | Series B | Venrock (lead); Industry Ventures; Y Combinator; Page One Ventures; Refactor; Fifty Years; Andreessen Horowitz; Matt Kraning; Cantos; Harpoon | $40M | - | Astranis is a satellite startup developing small, low-cost micro-geostationary orbit (GEO) telecommunications satellites to provide internet access to underserved regions, targeting the 4 billion people without reliable connectivity. Founded in 2015, the company focuses on dedicated satellites for specific customers like ISPs, governments, and in-flight providers, with each satellite contract covering its cost and generating revenue. In February 2020, Astranis closed a Series B round combining $40 million in equity led by Venrock, with participation from Andreessen Horowitz, Fifty Years, Refactor Capital, Y Combinator, and others, plus a $50 million debt facility from TriplePoint Capital, totaling $90 million raised. This brought total funding to over $108 million. The funds supported launching the first commercial satellite on a SpaceX rocket, targeted for late 2020, under contract with Alaskan ISP Pacific Dataport to deliver internet service. The Alaska deal was expected to generate 'many tens of millions of dollars' in revenue over coming years, with plans for 20-30 more satellites. Venrock's Ethan Batraski and Skybox CEO Dan Berkenstock joined the board. This followed a 2018 Series A led by Andreessen Horowitz. |
| Mar 2018 | Series A | Andreessen Horowitz (lead); Indicator Fund; Y Combinator; Refactor | $14M | - | Astranis builds small, low-cost telecommunications satellites to connect the four billion people without internet access. The company focuses on micro-geostationary satellites for leasing capacity to internet service providers, mobile operators, and governments in underserved regions. |
Who has invested in Astranis?
20 investors have backed Astranis across its funding rounds, including Andreessen Horowitz, Y Combinator, BlackRock, Refactor, BAM Elevate and Fidelity.
Lead investors include BrandywineGLOBAL, Snowpoint Ventures, Andreessen Horowitz, BAM Elevate, BlackRock and 1 other investor.
Astranis Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Mar 2018 | ||
| 2 | Participant | Mar 2018 | ||
| 2 | Participant | Mar 2018 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Lead | Jul 2024 | ||
| 1 | Participant | May 2026 | ||
| 1 | Lead | May 2026 | ||
| 1 | Lead | May 2026 | ||
| 1 | Participant | Apr 2023 | ||
| 1 | Participant | Feb 2020 | ||
| 1 | Participant | Mar 2018 | ||
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAstranis Competitors
Astranis competitors include listed companies like Orbita Aerospace, Synspective and SES, and private ones like Muon Space, Aalyria and SpinLaunch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.3B | - | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $41M | ($21M) | $1.2B | - | ||
| Publicly listed | $15M | $6M | $1.2B | 34.7x | ||
| Publicly listed | $3B | $1.2B | $2.1B | 2.8x |
Astranis Public Comps
Astranis is still privately-owned, but its public comps include Jezetek, Orbita Aerospace, Synspective, Chengdu CORPRO Technology, Hwa Create, SES, BlackSky, Satellogic, Intuitive Machines and Telesat.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $613M | $50M | 3.2x | - | 38.8x | - | |||
| $41M | ($21M) | 30.0x | - | (57.8x) | - | |||
| $15M | $6M | 77.6x | 34.7x | 194.9x | 115.4x | |||
| $142M | $22M | 8.7x | 9.0x | 57.1x | 22.8x | |||
| $117M | $5M | 9.5x | 11.9x | 203.3x | - | |||
| $3B | $1.2B | 3.3x | 2.8x | 8.7x | 6.2x | |||
| $107M | ($28M) | 8.6x | 7.0x | (32.8x) | 68.0x | |||
| $18M | $2M | 46.9x | 22.0x | 405.1x | (93.4x) | |||
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Common questions about Astranis
| When was Astranis founded? | Astranis was founded in 2015. |
| Where is Astranis headquartered? | Astranis is headquartered in San Francisco, CA, United States. |
| Is Astranis publicly listed? | No, Astranis is a private, VC-backed company. |
| What is Astranis' valuation? | Astranis was last valued at $1.6B in its undisclosed-stage round in April 2023. |
| How much funding has Astranis raised? | Astranis has raised $1B across 6 funding rounds. |
| What was Astranis' last funding round? | Astranis' last funding round was a $300M Series E in May 2026, led by BrandywineGLOBAL and Snowpoint Ventures. |
| Who are Astranis' investors? | Astranis' investors include Andreessen Horowitz, Y Combinator, Refactor, BlackRock, BAM Elevate, Baillie Gifford, BrandywineGLOBAL, Snowpoint Ventures, Manta Ray Ventures, Industry Ventures and 10 others. |
| What is Astranis' revenue? | Astranis' latest recorded revenue is $100M (April 2023). |
| What is Astranis' revenue multiple? | Astranis' latest valuation implies a 16.0x revenue multiple ($1.6B valuation on $100M of revenue). |
| Which companies are comparable to Astranis? | Companies comparable to Astranis include Muon Space, Aalyria, SpinLaunch, Orbita Aerospace, Synspective and SES. |
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