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- Observable Space
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2026 | Series A | Lux Capital (lead); Island Green Capital; RTX Ventures; BRV Capital Management; Detroit Venture Partners; Venrex; Upfront Ventures; Fathom Fund | $90M | Observable 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 2023 | Seed | Upfront Ventures (lead); Venrex (lead); Embedded Ventures; Marlinspike Capital; Oceans | $10M | OurSky 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 2023 | Seed | Oceans | $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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2023 | ||
| 2 | Lead | Dec 2023 | ||
| 2 | Participant | Jan 2023 | ||
| 1 | Participant | Dec 2023 | ||
| 1 | Participant | Dec 2023 | ||
| -- | 1 | Participant | May 2026 | |
| 1 | Participant | May 2026 | ||
| 1 | Participant | May 2026 | ||
| 1 | Lead | May 2026 | ||
This data is available for Pro users. Sign up to see all 11 Observable Space investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Adrian, MI |
| Deal Date | 4 Feb 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Observable Space acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Publicly listed | $75B | $8.7B | $124B | 1.8x | ||
| Publicly listed | $42B | $7.2B | $74B | 2.0x | ||
| Publicly listed | $602M | ($181M) | $43B | 48.0x | ||
| Private | - | - | $9B | - | ||
| Private | $28M | - | $8B | 285.7x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $46B | $11B | 7.3x | 7.0x | 30.2x | 29.1x | |||
| $89B | $15B | 3.3x | 3.1x | 19.7x | 19.4x | |||
| $85B | $11B | 2.1x | 1.9x | 16.0x | 14.3x | |||
| $28B | $11B | 5.5x | 5.2x | 14.8x | 22.4x | |||
| $36B | $13B | 4.3x | 3.8x | 11.5x | 17.6x | |||
| $89B | $7.4B | 2.0x | 1.9x | 24.7x | 37.2x | |||
| $75B | $8.7B | 1.9x | 1.8x | 16.1x | 13.1x | |||
This data is available for Pro users. Sign up to see all Observable Space competitors and their valuation data. Start Free Trial | ||||||||
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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