Astranis Space Technologies Corp. announced that it has received $455 million in funding from a group of investors

Published: 2026-05-06 12:50:55 ET BLK

Published on 05/06/2026 at 12:50 pm EDT

Astranis Space Technologies Corp. announced that it has raised $455 million in a round of funding co-led by new investors Snowpoint Ventures Management, LLC, Franklin Resources, Inc. on May 6, 2026. The company has raised $300 million in Series E funding, by issuing convertible preferred stock, and included participation from new investor Nimble Partners, returning investors, Andreessen Horowitz LLC, funds and accounts managed by affiliates of BlackRock, Inc., Baillie Gifford & Co., Fidelity Management & Research Company LLC, BAM Elevate Manager, LLC, Friends & Family Capital Management, LLC, along with other existing and new investors.

The company has also raised $155 million of additional capital in the form of delayed-draw credit facility from returning lender Trinity Capital Inc. The company has raised more than $1.2 billion in funding till date. The company has raised money at a post-money valuation of $2.8 billion, according to a source.