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True Anomaly Raises $650 Million Following Space Force Golden Dome Pick

The funding signals private investors expect space-based missile defense to move from trials to hardware.

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True Anomaly's Jackal autonomous orbiting vehicle in production. Photo: True Anomaly
A startup nobody had heard of four years ago is now valued at $2.2 billion. Its product is space weapons

Overview

  • True Anomaly announced the $650 million Series D on Tuesday, lifting its valuation to $2.2 billion.
  • The Space Force selected the company on April 24 to prototype Golden Dome, a plan for orbital interceptors that try to stop missiles soon after launch under awards worth up to $3.2 billion.
  • Eclipse and Riot Ventures led the round with $50 million in debt from Stifel Bank, bringing total funding to about $1 billion since 2022.
  • The startup says it will hire to about 500 employees by year-end and target up to 50 Jackal satellites a year as it grows its factory from 140,000 to 2 million square feet over four years.
  • Officials say Golden Dome is still unproven on cost and design, since boost-phase defense may need large satellite fleets and cheaper interceptors than exist today.