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Astranis Secures $200M to Advance Omega Satellite Program

The funding will support the launch of next-generation broadband satellites by 2026, enhancing global connectivity.

An Omega satellite would be around 600kg, compared with 400kg for earlier Astranis generations and conventional spacecraft weighing thousands of kilograms.
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Overview

  • Astranis raised $200 million in a Series D round led by Andreessen Horowitz and Balyasny Asset Management.
  • The Omega satellites will offer five times the bandwidth capacity compared to previous models.
  • The company aims to launch its first Omega satellite in 2026 and plans to produce 24 satellites annually by 2025.
  • Astranis has raised over $750 million since its founding in 2015, focusing on cost-effective, small broadband satellites.
  • The new satellites will feature improved performance and a longer operational life, targeting over 100 operational satellites by 2030.