Observable Space Funding, Investors & Competitors

Observable Space has raised $106M across 3 funding rounds, most recently a $90M Series A in May 2026.

Last Observable Space funding round

$90M

Series A · May 2026

Cumulative funding Observable Space raised

$106M

across 3 funding rounds

Key investors in Observable Space

  • Upfront Ventures
  • Venrex
  • Oceans
  • Lux Capital
  • Detroit Venture Partners
  • RTX Ventures
  • BRV Capital Management
  • Marlinspike Capital

Observable Space Overview

About Observable Space

Observable Space is a software provider for the space sector that supplies modular architecture components for satellite operations, ground stations, and mission control systems. Its solutions support commercial satellite operators, scientific researchers, educational institutions, and government agencies in managing data telemetry and command sequences. The platform integrates with CubeSat deployments and larger constellations, facilitating real-time processing for Earth observation and communications missions worldwide.


Founded

2022

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

Observable Space Funding History

Observable Space has raised a total of $106M across 3 funding rounds.

Observable Space's first fundraising round was a $7M seed round in January 2023. The most recent completed round was a $90M Series A in May 2026.

Observable Space funding rounds

Observable Space funding rounds
DateStageInvestorsRaisedDeal Summary
May 2026Series ALux Capital (lead); Island Green Capital; RTX Ventures; BRV Capital Management; Detroit Venture Partners; Venrex; Upfront Ventures; Fathom Fund$90MObservable Space raised USD 90 million in a Series A round announced in late May 2026, with Lux Capital leading and Upfront Ventures, Detroit Venture Partners, Island Green Capital, and RTX Ventures co-leading. BRV Capital Management participated in the round, alongside Fathom Fund and Venrex. The company also announced a USD 94 million sole-sourced U.S. Space Force IDIQ award, including an initial USD 22 million in task orders, to support deployment of mobile, off-grid optical sensing stations for space domain awareness. The capital is being used to scale manufacturing, accelerate laser communications partnerships, expand in-space systems, and grow international operations. Observable Space is described as a full-stack, vertically integrated space technology company focused on laser communications, ground-based optical sensing, and in-space systems. It was formed in 2025 from the merger of Planewave Instruments and Oursky. Observable Space is based in Los Angeles, with additional references indicating operations in Adrian, Michigan. The company’s reported operational focus includes production of laser and optical hardware, turnkey lasercom platforms, and optical sensing infrastructure for government and commercial customers.
Dec 2023SeedUpfront Ventures (lead); Venrex (lead); Embedded Ventures; Marlinspike Capital; Oceans$10MOurSky is a developer platform for space data that provides real-time observational data and analysis of objects and activities in space through a software platform and global network of telescopes. Co-founded by Dan Roelker (former VP of Software Engineering at SpaceX) and Alex Hawkinson (founder of SmartThings) in October 2022, the company aims to make space observational data more accessible to developers, satellite operators, and space situational awareness companies through modernized tools and open APIs. In December 2023, OurSky closed a $9.5 million seed funding round led by Upfront Ventures and Venrex Investment Management, with additional backing from Oceans Ventures, Marlinspike Partners, and Embedded Ventures. At the time of the funding, OurSky had deployed 30 telescopes across nine locations globally and onboarded approximately 35 amateur astronomers to its network. The company later merged with PlaneWave Instruments in early 2025 to form Observable Space, integrating OurSky's software platform with PlaneWave's telescope manufacturing expertise and raising an additional $11 million including investment from In-Q-Tel, the CIA's strategic venture fund.
Jan 2023SeedOceans$7M-

Who has invested in Observable Space?

11 investors have backed Observable Space across its funding rounds, including Upfront Ventures, Venrex, Oceans, Lux Capital, Detroit Venture Partners and RTX Ventures.

Lead investors include Lux Capital, Upfront Ventures and Venrex.


Observable Space Investors

Investors in Observable Space by funding rounds participated
InvestorHQRoundsRoleFirst check
VenrexUnited KingdomLondon2LeadDec 2023
Upfront VenturesUnited StatesLos Angeles, CA2LeadDec 2023
OceansUnited StatesNew York City, NY2ParticipantJan 2023
Embedded VenturesUnited StatesLos Angeles, CA1ParticipantDec 2023
Marlinspike CapitalUnited StatesWashington, DC1ParticipantDec 2023
Island Green Capital--1ParticipantMay 2026
RTX VenturesUnited StatesWashington, DC1ParticipantMay 2026
BRV Capital ManagementHong KongHong Kong1ParticipantMay 2026
Lux CapitalUnited StatesNew York City, NY1LeadMay 2026

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Acquisitions by Observable Space

Observable Space has acquired 1 company to date.

Last acquisition by Observable Space was on February 4th 2025. Observable Space acquired PlaneWave Instruments for undisclosed valuation.


Latest Acquisitions by Observable Space

PlaneWave Instruments
Description
PlaneWave Instruments is an Adrian-Michigan-based manufacturer of 12.5- to 24.5-inch CDK telescopes and direct-drive mounts for astronomical research and imaging. Its systems equip observatories like McDonald and Mauna Kea, supporting adaptive optics for exoplanet detection and deep-sky surveys with sub-arcsecond guiding.
HQ CountryUnited States
HQ City
Adrian, MI
Deal Date4 Feb 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Observable Space Competitors

Observable Space competitors include listed companies like SpaceX, Lockheed Martin, Northrop Grumman and Rocket Lab, and private ones like Stoke Space and Agile Space Industries.

Public and private companies comparable to Observable Space
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpaceXUnited StatesUnited StatesPublicly listed$19B$3.9B$2.0T-
Lockheed MartinUnited StatesUnited StatesPublicly listed$75B$8.7B$124B1.8x
Northrop GrummanUnited StatesUnited StatesPublicly listed$42B$7.2B$74B2.0x
Rocket LabUnited StatesUnited StatesPublicly listed$602M($181M)$43B48.0x
Stoke SpaceUnited StatesSeattle, WAPrivate--$9B-
Agile Space IndustriesUnited StatesDurango, COPrivate$28M-$8B285.7x

Observable Space Public Comps

Observable Space is still privately-owned, but its public comps include SpaceX, GE Aerospace, RTX, Airbus, Rolls-Royce, Safran, Boeing, Lockheed Martin, Parker Hannifin and General Dynamics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
SpaceX$19B$3.9B106.0x-503.3x-
GE Aerospace$46B$11B7.3x7.0x30.2x29.1x
RTX$89B$15B3.3x3.1x19.7x19.4x
Airbus$85B$11B2.1x1.9x16.0x14.3x
Rolls-Royce$28B$11B5.5x5.2x14.8x22.4x
Safran$36B$13B4.3x3.8x11.5x17.6x
Boeing$89B$7.4B2.0x1.9x24.7x37.2x
Lockheed Martin$75B$8.7B1.9x1.8x16.1x13.1x

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Common questions about Observable Space

When was Observable Space founded?Observable Space was founded in 2022.
Where is Observable Space headquartered?Observable Space is headquartered in Los Angeles, CA, United States.
Is Observable Space publicly listed?No, Observable Space is a private, VC-backed company.
How much funding has Observable Space raised?Observable Space has raised $106M across 3 funding rounds.
What was Observable Space's last funding round?Observable Space's last funding round was a $90M Series A in May 2026, led by Lux Capital.
Who are Observable Space's investors?Observable Space's investors include Venrex, Upfront Ventures, Oceans, Embedded Ventures, Marlinspike Capital, Island Green Capital, RTX Ventures, BRV Capital Management, Lux Capital, Detroit Venture Partners and 1 other.
Which companies are comparable to Observable Space?Companies comparable to Observable Space include SpaceX, Lockheed Martin, Northrop Grumman, Rocket Lab, Stoke Space and Agile Space Industries.
How many companies has Observable Space acquired?Observable Space has acquired 1 company, including PlaneWave Instruments.

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