Starfish Space raises $110M to scale up its satellite servicing missions

Tukwila, Wash.-based Starfish Space says it has raised about $110 million in a funding round that will help the company execute its first satellite servicing missions and scale up operations for more business.

The Series B round was led by Point72 Ventures. Activate Capital and Shield Capital were co-leaders of the round. Additional major participants included Industrious Ventures and NightDragon. The round also drew support from several existing Starfish investors (NFX, Munich Re Ventures, Toyota Ventures and PSL Ventures) as well as new investors (Nomi Capital, Gaingels and Overlap Holdings). 

The new capital adds to previous funding rounds announced in 2021, 2023 and 2024, and pushes Starfish’s total investment past the $150 million mark.

Starfish Space was founded in 2019 by engineers Austin Link and Trevor Bennett, two veterans of Jeff Bezos’ Blue Origin space venture. The company has developed a space vehicle called Otter, which is designed to rendezvous and dock with other objects in orbit — either to maneuver them into a different orbit or guide them to safe disposal.

The company demonstrated its technologies during a software test in 2025, code-named Remora, and during two orbital test missions involving scaled-down Otter Pup prototypes.

Starfish already has several Otter missions under contract, including:

• A $37.5 million contract from the U.S. Space Force for a satellite docking demonstration, plus a $54.5 million contract for a follow-up mission.
• A $52.5 million Space Development Agency contract for disposal of military satellites.
• A $15 million NASA contract to inspect defunct satellites.
• A commercial contract with SES to provide satellite life extension services.

“Closing this round reflects the real momentum we are seeing across both our technology and our customer base,” Link said in a news release. “We have Otter missions under contract, successful demos, and our first operational mission launching this year. We’re ready to help organizations get the most out of their on-orbit infrastructure.”

Starfish said it will use proceeds from the investment round to execute contracted Otter missions, scale the Otter business line to meet customer demand and grow the company’s team, which currently has more than 90 employees.

“From our perspective, Starfish has made steady progress toward practical on‑orbit servicing,” said Chris Morales, partner at Point72 Ventures. “We believe their early traction with defense and commercial customers and successful autonomous missions show these capabilities are becoming increasingly relevant to space operations and national security.”

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