Muon Space raises $250m to scale satellite production

Muon Space, a US space-tech company, has secured $250 million in a Series C funding round to increase satellite production capacity. The investment, led by Eclipse Capital, follows participation from numerous prominent investors including Galvanize, Google, Salesforce Ventures, Wellington Management, I Squared Capital, and Woven Capital.

Previous backers such as Radical Ventures, Congruent Ventures, Costanoa Ventures, Activate Capital, ACME Capital, ArcTern Ventures, and Overlap Holdings also contributed. The newly raised capital brings Muon Space's total funding to over $386 million since its inception in 2021, underscoring investors' confidence in the $1.8 trillion space-tech sector.

With more than 50 satellites already in development for various industry customers, Muon Space aims to meet the rising demand for satellite services across defence, surveillance, research, and data processing sectors. The company has partnered with SpaceX on an advanced mission capability project, integrating on-orbit AI compute and ultra-high bandwidth satellite connectivity.

By the end of 2027, Muon Space intends to manufacture over 500 satellites annually from its newly opened manufacturing facility in San Jose, marking a tenfold increase in production capabilities compared to its previous capacity.

Established in Silicon Valley, Muon Space has successfully launched 11 satellites, with seven in the past year alone. The company's total capacity now stands at over 50 satellites for customers, including 13 scheduled for launch next year. CEO Jonny Dyer emphasized the importance of scaling space infrastructure, stating that the company's new funding will enable them to accelerate production and expand their dual-use spacecraft platforms.

Lior Susan, CEO of Eclipse Capital, described Muon Space's innovative approach as "redefining how space infrastructure is built" by streamlining mission design, manufacturing, launch, and operations into a single, scalable platform.