Overview
- Starfish Space closed a roughly $110 million Series B led by Point72 Ventures, with Activate Capital and Shield Capital as co-leads and backing from Industrious Ventures and NightDragon.
- The company says the funds will support its first operational Otter missions this year and expand production, operations, and mission management.
- Otter is a servicing craft that autonomously docks with other satellites to extend their life, move them to new orbits, or guide defunct hardware to safe disposal.
- Signed work includes $37.5 million and $54.5 million U.S. Space Force missions for docking demos, a $52.5 million Space Development Agency contract for satellite disposal, a $15 million NASA inspection mission, and a commercial life‑extension deal with SES.
- Starfish plans to hire 40 to 50 people on top of its 90‑person team, and the new round lifts total funding above $150 million.