Star Catcher Raises $65M to Build First Space-Based Power Grid

Star Catcher Industries has raised $65 million in an oversubscribed Series A round to accelerate development of what it describes as the world’s first space-based power grid.

The round was led by B Capital and co-led by Shield Capital and Cerberus Ventures, bringing the company’s total funding to $88 million.

Founded less than two years ago, Star Catcher is developing orbital energy infrastructure that uses optical power beaming to wirelessly deliver electricity to satellites and spacecraft in orbit.

The company says its technology could provide up to 10x more power to spacecraft without requiring specialized onboard hardware or retrofits.

As part of the financing, John W. Raymond from Cerebrus Ventures will join Star Catcher’s board alongside investors from B Capital and SHIELD Capital.

The company has already achieved several technical milestones, including setting a world record for optical power beaming and completing an on-orbit subsystem demonstration.

Star Catcher plans to launch its first in-space optical power beaming demonstration later this year, marking a major step toward operational deployment of an orbital energy network.

CEO Andrew Rush said the company is building foundational infrastructure for the future space economy, where connectivity, sensing, security, and computing systems are increasingly constrained by available power.

The company currently has seven signed power purchase agreements, multiple government contracts, and a commercial pipeline representing more than $3 billion in projected annual recurring revenue.

Image Credits: Star Catcher