Which startups have raised the most funding in the space economy?
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In our space economy deck, you will find everything you need to understand the market
The space economy is becoming one of the most capital-intensive startup markets in the world, with private companies building rockets, satellites, orbital infrastructure, space data platforms, and commercial stations.
This list is updated every month, so founders, operators, and investors can track which space economy startups have raised the most capital over time.
The ranking is based on cumulative funding raised, which helps show where venture capital, growth capital, strategic capital, and public market financing have concentrated across the space industry.
And if you want to better understand this new industry, you can download our pitch covering the space economy.
A quick summary table
| Metric | Value |
|---|---|
| Most funded startup | SpaceX, with $12.0B raised |
| Second most funded startup | OneWeb, with $6.2B raised |
| Largest funding round | SpaceX, $2.0B in March 2026 |
| Median funding | About $180M across the full ranked dataset |
| Share of funding captured by the top 10 | About 69% of total funding in the ranking |
| Median time since last round | About 15 months, based on latest disclosed funding dates |
| Startups that raised funding in the last 12 months | About 40 startups, based on rounds dated June 2025 or later |
| Space economy companies above $1B raised | 10 companies have raised at least $1B |
| Launch and orbital infrastructure capital leaders | SpaceX, Sierra Space, Firefly Aerospace, Stoke Space, Relativity Space, Rocket Lab, iSpace, Axiom Space, and Impulse Space dominate the upper tier |
| Active private space economy leaders | Active private startups represent the largest share of capital in the ranking |

This chart, featured in our space economy deck, illustrates yearly venture capital funding for space economy startups
Top startups in the space economy ranked by total funding raised
Here is an updated table that ranks the top startups in the space economy based on the total amount of funding they have raised to date.
The table also includes the total number of funding rounds, the date and size of the latest round, the financing type (e.g. Series A, equity financing), key investors, the startup’s current status (active, IPO, acquired, or shut down), and a confidence score based on the data collected (we excluded startups with very low data confidence, to make sure everything is reliable).
If you're interested in knowing how much these startups are worth, you can check our list of the top startups in the space economy ranked by valuation.
| # | Startup | What They Do | Total Raised ($) | Total Rounds | Last Round Date | Last Round Amount ($) | Last Round Type | Key Investors | Current Stage | Confidence |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SpaceX | Reusable rockets and Starlink | $12.0B | 31 | March 2026 | $2.0B | Later-stage equity | Andreessen Horowitz, Fidelity, Sequoia | Active | Partial |
| 2 | OneWeb | LEO broadband constellation | $6.2B | 9 | August 2021 | $300M | Equity placement | Hanwha Systems, Bharti Global, Eutelsat | Acquired | Partial |
| 3 | Sierra Space | Spaceplanes and orbital infrastructure | $2.2B | 3 | March 2026 | $550M | Series C | LuminArx Capital, General Atlantic, Coatue | Active | Strong |
| 4 | Firefly Aerospace | Launchers, landers, spacecraft | $1.5B | 6 | August 2025 | $868M | IPO | AE Industrial Partners, Northrop Grumman, Mitsui | IPO | Partial |
| 5 | Stoke Space | Fully reusable launch vehicles | $1.3B | 5 | February 2026 | $860M | Series D | USIT, Breakthrough Energy Ventures, 776 | Active | Strong |
| 6 | Relativity Space | 3D-printed launch vehicles | $1.3B | 6 | January 2025 | Undisclosed | Later-stage / angel | Fidelity, BlackRock, Tiger Global | Active | Strong |
| 7 | Rocket Lab | Launch and space systems | $1.1B | 6 | August 2021 | $777M | SPAC / PIPE | Vector Capital, Future Fund, DCVC | IPO | Strong |
| 8 | iSpace | Reusable Chinese launch vehicles | $1.1B | 6 | February 2026 | $730M | Series D++ | Cowin Capital, Jingming Capital, Spring Partners | Active | Partial |
| 9 | Axiom Space | Commercial space station builder | $1.0B | 5 | February 2026 | $350M | Later-stage financing | QIA, Type One Ventures, 1789 Capital | Active | Partial |
| 10 | Impulse Space | In-space mobility vehicles | $1.0B | 5 | June 2026 | $500M | Series D | 137 Ventures, BANNER VC, Founders Fund | Active | Full |
| 11 | HawkEye 360 | Space RF geolocation intelligence | $948M | 8 | May 2026 | $416M | IPO | Goldman Sachs, Morgan Stanley, public investors | IPO | Partial |
| 12 | AST SpaceMobile | Satellite-to-phone broadband network | $844M | 6 | September 2024 | $154M | Post-IPO warrant equity | Vodafone, Rakuten, American Tower | IPO | Strong |
| 13 | Galactic Energy | Commercial launch vehicles | $742M | 5 | September 2025 | $336M | Series D | Beijing Commercial Space Fund, Nanjing Innovation Investment Group, Sichuan industry funds | Active | Strong |
| 14 | Apex Space | Satellite bus manufacturing | $719M | 6 | June 2026 | $200M | Growth / post-Series D | Glade Brook Capital Partners, Washington Harbour Partners | Active | Full |
| 15 | Astra | Small launch and propulsion systems | $600M | 8 | June 2021 | $500M | SPAC / PIPE | Holicity, BlackRock, public investors | Acquired | Partial |
| 16 | Astroscale | Orbital debris servicing | $594M | 10 | May 2025 | $76M | Post-IPO equity | THE FUND, Mitsubishi Electric, Mizuho Bank | IPO | Partial |
| 17 | ICEYE | SAR Earth observation satellites | $593M | 7 | December 2025 | $175M | Series E | General Catalyst, A.P. Moller Holding, Tesi | Active | Partial |
| 18 | Planet Labs | Daily Earth imagery analytics | $586M | 6 | December 2021 | $250M | SPAC PIPE | CPP Investments, Koch Strategic Platforms, dMY IV | IPO | Strong |
| 19 | LandSpace | Methane reusable launch vehicles | $570M | 6 | December 2024 | $126M | Later-stage equity | State advanced manufacturing fund, HongShan, Country Garden VC | Active | Partial |
| 20 | Spire Global | Space-based data and analytics | $525M | 6 | April 2026 | $70M | Post-IPO private placement | Institutional purchasers, Craig-Hallum | IPO | Partial |
| 21 | Voyager Space | Space and defense technology | $520M | 2 | June 2025 | $440M | IPO | NewSpace Capital, Midway, Industrious Ventures | IPO | Partial |
| 22 | Astranis | Small GEO broadband satellites | $508M | 5 | July 2024 | $200M | Series D | a16z Growth, BAM Elevate, BlackRock | Active | Partial |
| 23 | Tomorrow.io | AI weather satellite intelligence | $469M | 9 | May 2026 | $210M | Series F | Stonecourt Capital, HarbourVest, Pitango | Active | Full |
| 24 | K2 Space | Large satellite platforms | $426M | 5 | December 2025 | $250M | Series C | Redpoint Ventures, T. Rowe Price, Hedosophia | Active | Full |
| 25 | CesiumAstro | Space communications hardware | $426M | 5 | February 2026 | $270M | Series C | Trousdale Ventures, Woven Capital, Janus Henderson | Active | Strong |
| 26 | ABL Space Systems | Containerized smallsat launch vehicles | $419M | 4 | October 2021 | $200M | Series B extension | T. Rowe Price, Fidelity, existing investors | Active | Strong |
| 27 | Isar Aerospace | European small launch vehicles | $417M | 6 | June 2024 | $69M | Series C extension | NATO Innovation Fund, UVC Partners, existing investors | Active | Strong |
| 28 | Satellogic | Earth observation satellite imagery | $349M | 5 | December 2024 | $10M | PIPE-II / Post-IPO | Liberty Strategic Capital, SoftBank, Cantor Fitzgerald | IPO | Partial |
| 29 | Varda Space Industries | Space-made pharmaceuticals | $329M | 4 | July 2025 | $187M | Series C | Natural Capital, Shrug Capital, Founders Fund | Active | Full |
| 30 | Loft Orbital | Space infrastructure as service | $326M | 4 | January 2025 | $170M | Series C | Tikehau Capital, Axial Partners, Bpifrance | Active | Full |
| 31 | Momentus | Space transportation services | $320M | 7 | May 2026 | $25M | Private placement | Prime Movers Lab, Y Combinator, institutional investors | IPO | Partial |
| 32 | Synspective | SAR satellite data analytics | $304M | 5 | December 2024 | $60M | IPO | Nomura SPARX, JAFCO, Mizuho Capital | IPO | Partial |
| 33 | Vast | Commercial space stations | $300M | 1 | March 2026 | $300M | Series A | Balerion Space Ventures, QIA, IQT | Active | Strong |
| 34 | Xona Space Systems | LEO satellite navigation infrastructure | $297M | 6 | March 2026 | $170M | Series C | Mohari Ventures Natural Capital, Craft Ventures, ICONIQ | Active | Strong |
| 35 | D-Orbit | Orbital logistics services | $290M | 5 | January 2026 | $119M | Series D | Azimut Group, Marubeni, Seraphim Space | Active | Partial |
| 36 | BlackSky | Real-time geospatial intelligence | $283M | 1 | September 2021 | $283M | SPAC PIPE | Osprey Technology, Tiger Global, Mithril Capital | IPO | Partial |
| 37 | Spaceflight | Rideshare launch services | $265M | 6 | November 2019 | $40M | Late-stage / Series D | Vulcan Capital, Mitsui | Acquired | Partial |
| 38 | PLD Space | Reusable Spanish launch vehicles | $257M | 3 | March 2026 | $209M | Series C | Mitsubishi Electric, CDTI, COFIDES | Active | Partial |
| 39 | Gilmour Space Technologies | Australian rockets and satellites | $245M | 5 | January 2026 | $145M | Series E | NRFC, Hostplus, Future Fund | Active | Full |
| 40 | Deep Blue Aerospace | Reusable liquid rockets | $240M | 7 | March 2025 | $69M | Series B4 | Tai’an Yuanwang New Energy Industry Fund | Active | Partial |
| 41 | ADA Space | AI satellite services | $233M | 9 | Late 2024 | $74M | Pre-IPO equity | Hongtai Capital, Hengjian Holding, Aplus Capital | Active | Partial |
| 42 | Capella Space | SAR satellite imaging | $224M | 6 | January 2023 | $60M | Growth Equity | U.S. Innovative Technology Fund | Acquired | Strong |
| 43 | Interstellar Technologies | Japanese rockets and satellites | $204M | 4 | January 2026 | $96M | Series F | Woven by Toyota, SBI Group, Nomura Real Estate Development | Active | Partial |
| 44 | ALL.SPACE | Multi-orbit smart terminals | $202M | 5 | July 2025 | $4M | Later-stage / undisclosed | Trinity Capital, In-Q-Tel, Seraphim Space | Active | Partial |
| 45 | Kepler Communications | Internet connectivity for space | $200M | 5 | April 2023 | $92M | Series C | IA Ventures, Costanoa Ventures, Canaan Partners | Active | Partial |
| 46 | iQPS | Small SAR satellite imagery | $190M | 3 | March 2026 | $97M | Corporate minority / equity placement | SKY Perfect JSAT, Mitsui Sumitomo, SMBC | IPO | Partial |
| 47 | Skylo | Direct-to-device satellite connectivity | $183M | 4 | February 2025 | $30M | Venture / growth round | NGP Capital, Westly Group, Intel Capital | Active | Full |
| 48 | SpinLaunch | Kinetic launch and satellites | $180M | 5 | August 2025 | $30M | Series C | ATW Partners, Kleiner Perkins, GV | Active | Partial |
| 49 | Orienspace | Heavy commercial launch rockets | $170M | 5 | August 2025 | Undisclosed | Series B-II | Xinding Capital, MSA Capital, Aplus Capital | Active | Partial |
| 50 | Fleet Space Technologies | Space-enabled mineral exploration | $167M | 4 | December 2024 | $100M | Series D | Teachers’ Venture Growth, Blackbird, Hostplus | Active | Strong |
| 51 | EnduroSat | Modular satellite manufacturing services | $163M | 3 | October 2025 | $104M | Series B / Growth | Google Ventures, Lux Capital, Riot Ventures | Active | Strong |
| 52 | Starfish Space | Satellite servicing vehicles | $160M | 4 | April 2026 | $110M | Series B | Point72 Ventures, Activate Capital, Shield Capital | Active | Full |
| 53 | Skyroot Aerospace | Indian private launch vehicles | $154M | 5 | May 2026 | $60M | Series C | Sherpalo Ventures, GIC, BlackRock | Active | Full |
| 54 | Axelspace | Microsatellite Earth observation | $152M | 6 | August 2025 | $52M | IPO | SMBC-GB Growth, Global Brain, Mitsui Fudosan | IPO | Strong |
| 55 | GHGSat | Greenhouse gas emissions monitoring | $149M | 4 | September 2025 | $34M | Convertible notes / debt mix | Yaletown, FTQ, BDC Capital | Active | Partial |
| 56 | Terran Orbital | Small satellite manufacturer | $144M | 3 | October 2022 | $100M | Series C / convertible | Lockheed Martin, AE Industrial Partners, Beach Point | Acquired | Partial |
| 57 | Muon Space | Mission-optimized satellite constellations | $136M | 4 | June 2025 | $44M | Series B1 equity | Congruent Ventures, Activate Capital, ArcTern Ventures | Active | Strong |
| 58 | NorthStar Earth & Space | Space domain awareness | $134M | 6 | July 2024 | Undisclosed | Shareholder financing / Series D | Telesystem Space, Investissement Québec, Cartesian Capital Group | Active | Partial |
| 59 | Orbex | UK sustainable microlaunch rockets | $129M | 4 | April 2024 | $21M | Series C extension | Scottish National Investment Bank, Octopus Ventures, BGF | Active | Partial |
| 60 | Unseenlabs | Space-based maritime RF detection | $124M | 3 | February 2024 | $92M | Series C | Supernova Invest, ISALT, UNEXO | Active | Full |
| 61 | LeoLabs | Orbital radar tracking | $115M | 5 | July 2025 | $4M | Unattributed VC / equity | Alumni Ventures, Insight Partners, Velvet Sea Ventures | Active | Partial |
| 62 | Mynaric | Laser communications terminals | $111M | 3 | November 2021 | $66M | IPO / ADS offering | Public investors, Peter Thiel, ARK Invest | Acquired | Partial |
| 63 | Omnispace | Hybrid satellite 5G network | $107M | 4 | February 2021 | $60M | Series C | Fortress Investment Group, Columbia Capital, TDF Ventures | Active | Partial |
| 64 | Lynk Global | Satellite-to-phone connectivity | $106M | 9 | March 2025 | Undisclosed | Series B extension | SES, RRE Ventures, One Way Ventures | Active | Partial |
| 65 | Albedo | VLEO high-resolution imagery | $97M | 3 | January 2024 | $35M | Series A-1 | Standard Investments, Booz Allen Ventures, Breakthrough Energy Ventures | Active | Strong |
| 66 | Pixxel | Hyperspectral Earth imaging satellites | $95M | 5 | December 2024 | $24M | Series B extension | M&G Catalyst, Glade Brook, Google | Active | Full |
| 67 | Slingshot Aerospace | Space traffic coordination software | $76M | 4 | December 2022 | $41M | Series A-2 | Sway Ventures, C16 Ventures, ATX Venture Partners | Active | Strong |
| 68 | Exotrail | Space mobility systems | $75M | 3 | February 2023 | $58M | Series B | Bpifrance, Eurazeo, CELAD | Active | Strong |
| 69 | Myriota | Satellite IoT connectivity | $66M | 3 | December 2024 | $31M | Series C | NRFC, Main Sequence, Inter Valley Ventures | Active | Partial |
| 70 | OroraTech | Satellite wildfire intelligence | $64M | 5 | May 2025 | $13M | Series B extension | BNP Paribas, Rabo Ventures, Bayern Kapital | Active | Strong |
| 71 | Open Cosmos | End-to-end satellite missions | $63M | 4 | September 2023 | $50M | Series B | ETF Partners, Trill Impact, A&G | Active | Strong |
| 72 | Orbit Fab | In-space refueling infrastructure | $62M | 5 | March 2026 | $20M | Series B | Stride Capital, 8090 Industries, Lockheed Martin Ventures | Active | Strong |
| 73 | ReOrbit | Sovereign satellite systems | $60M | 4 | September 2025 | $53M | Series A | Springvest, Varma, Elo | Active | Strong |
| 74 | Agnikul Cosmos | 3D-printed launch vehicle systems | $58M | 5 | November 2025 | $17M | Growth equity | Advenza Global, HDFC Bank, Artha Select Fund | Active | Strong |
| 75 | Sateliot | 5G IoT satellite operator | $58M | 4 | March 2025 | $44M | Series B equity portion | Hyperion, SETT, Global Portfolio Investments | Active | Partial |
| 76 | Privateer | Space data intelligence | $57M | 1 | April 2024 | $57M | Series A | Aero X Ventures, Lux Capital, Starburst Ventures | Active | Strong |
| 77 | E-Space | Sustainable satellite network | $50M | 1 | February 2022 | $50M | Seed | Prime Movers Lab | Active | Full |
| 78 | Orbital Sidekick | Hyperspectral infrastructure monitoring | $47M | 4 | July 2025 | $4M | Convertible note | Energy Innovation Capital, Temasek, Allied Minds | Active | Partial |
| 79 | Latitude | French small launch vehicles | $41M | 2 | January 2024 | $30M | Series B | Crédit Mutuel Innovation, Bpifrance, Kima Ventures | Active | Strong |
| 80 | Rocket Factory Augsburg | European microlaunch vehicles | $40M | 3 | August 2023 | $33M | Series C | KKR, OHB | Active | Partial |
| 81 | Space Forge | In-space materials manufacturing | $40M | 2 | May 2025 | $30M | Series A | NATO Innovation Fund, World Fund, NSSIF | Active | Strong |
| 82 | ClearSpace | Space debris removal | $39M | 3 | February 2025 | $6M | Series A+ | OTB Ventures, Swisscom Ventures, Luxembourg Future Fund | Active | Partial |
| 83 | Antaris | Satellite mission software | $38M | 3 | April 2026 | $28M | Series A | WestWave Capital, Lockheed Martin Ventures, Streamlined Ventures | Active | Partial |
| 84 | Phantom Space | Rockets and satellites | $37M | 6 | March 2024 | Undisclosed | Bridge / Series A extension | Balerion Space Ventures, Reaser Family Office, KOLH Capital | Active | Partial |
| 85 | Mangata Networks | Multi-orbit connectivity network | $33M | 2 | January 2022 | $33M | Series A | Playground Global, Temasek, KT SAT | Active | Partial |
| 86 | Gravitics | Space station modules | $33M | 2 | February 2026 | $13M | Private placement | Type One Ventures, Draper Associates, FJ Labs | Active | Partial |
| 87 | HyImpulse | Hybrid-propulsion launch vehicles | $32M | 2 | October 2025 | $15M | Series A | Campus Founders Ventures, Helantic, GIMIC | Active | Partial |
| 88 | Umbra | Commercial SAR satellite imagery | $32M | 2 | April 2021 | $32M | Series A | Nimble Ventures, CrossCut Ventures, Starbridge Ventures | Active | Strong |
| 89 | Dawn Aerospace | Spaceplanes and propulsion | $22M | 2 | December 2022 | $20M | Series A | Icehouse Ventures, GD1, Movac | Active | Strong |
| 90 | SatSure | Satellite decision intelligence | $20M | 6 | September 2025 | Undisclosed | Series A extension | Baring PE India, Promus Ventures, TransUnion | Active | Partial |
| 91 | SATLANTIS | Smallsat optical payloads | $19M | 3 | March 2022 | Undisclosed | Strategic investment | Encino, Enagás Emprende, SEPIDES | Active | Partial |
| 92 | OQ Technology | 5G satellite IoT network | $16M | 3 | September 2022 | $13M | Series A | Wa’ed Ventures, Phaistos, 5G Ventures | Active | Partial |
| 93 | TrustPoint | Commercial GPS alternative | $2M | 1 | October 2021 | $2M | Seed | DCVC | Active | Partial |

This market map, featured in our space economy deck, highlights top companies and startups in the space economy
Key funding trends in the space economy
Insights
- The space economy is still shaped by very large platforms: SpaceX and OneWeb alone account for more than half of the capital raised by the top ten companies.
- Launch and orbital infrastructure remain the biggest capital sink, with Sierra Space, Stoke Space, Relativity Space, Rocket Lab, and Impulse Space together representing about $6.9B in funding.
- Recent financing momentum is strong, since many of the largest space economy rounds were completed in 2025 or 2026, especially across reusable launch, satellite buses, and orbital infrastructure.
- Satellite manufacturing is becoming an institutional-scale category, with Apex Space, K2 Space, CesiumAstro, Gilmour Space Technologies, and EnduroSat together raising roughly $2.0B.
- In-space services are becoming more investable, as Varda Space Industries, Starfish Space, Orbit Fab, and Exotrail collectively raised about $626M across manufacturing, servicing, refueling, and mobility.
- Earth observation is more fragmented than launch, with Planet Labs, ICEYE, Satellogic, Synspective, Capella Space, Axelspace, Pixxel, Unseenlabs, Albedo, and Umbra spread across different maturity stages.
- Commercial space station companies can raise unusually large early rounds, as Vast reached $300M in one counted Series A round while Axiom Space crossed the $1.0B funding mark.
- Investor appetite has moved beyond rockets, since Apex Space, K2 Space, CesiumAstro, Xona Space Systems, and Tomorrow.io show strong demand for satellite platforms, navigation, communications, and weather intelligence.

As this chart shows, and as featured in our space economy deck, search interest in the space economy has been rising steadily
A few word about our methodology
As you can see, we built a database that ranks startups in the space economy based on their total cumulative fundraising. To create this ranking, we reviewed many sources and cross-checked information across multiple places.
Whenever possible, we prioritized official company communications, since official announcements are the most reliable source for funding amounts, round dates, investors, and transaction structure. When those were not available, we relied on reputable industry sources such as TechCrunch, Crunchbase, Financial Times, SpaceNews, Payload, CNBC, Forbes, and other credible sources covering the space economy.
We excluded random blogs, unverified websites, and any sources that could not be validated.
When funding rounds were announced in other currencies such as euros, pounds, Swiss francs, Singapore dollars, Australian dollars, yen, yuan, or rupees, we converted them into approximate USD equivalents for consistency.
Sometimes different sources report slightly different numbers, or the exact round size is not fully disclosed. In those cases, we flag the uncertainty and assign a confidence label to each startup, visible in the last column.
Here is what they mean.
Full confidence: The company’s equity fundraising history can be reconstructed completely from public sources. The rounds, dates, amounts, and key investors are clearly identified, with no meaningful gaps.
Strong confidence: The fundraising history is largely complete and reliable. There may be a small missing detail, such as incomplete investor information or a minor round with limited data, but the overall record is clear.
Partial confidence: The main fundraising rounds can be identified, but the record is incomplete or somewhat mixed. Some rounds may be missing or certain funding events may be difficult to separate clearly.
Low confidence: Public information is too limited, inconsistent, or ambiguous to reliably reconstruct the company’s equity fundraising history.
When the confidence level is too low, we take a conservative approach and exclude the company from the ranking. We don’t want to include data that cannot be reliably verified.
This reflects how we conduct all our research, including the work behind our report covering the space economy.
In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.
If you want the full detail on a specific calculation, feel free to contact us and we will gladly explain.
Finally, know that we update the dataset once per month, so come back here if you need fresh information.

This chart, featured in our space economy deck, shows why SpaceX is leading in the space economy
Related blog posts
- The latest news shaping the space economy
- The most recent funding news in the space economy
- What is new in the space economy right now?
- The evolution of funding activity in the space economy
- The main fundraising trends in the space economy
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