Star Catcher Industries, the company building what it describes as the first power grid in space, has raised $65 million in an oversubscribed Series A round, bringing its total capital raised to $88 million. The round was led by B Capital and co-led by Shield Capital and Cerberus Ventures, the venture arm of Cerberus Capital Management, with additional participation from GreatPoint Ventures, Helena, Oceans Ventures, and MVP Ventures.
General John W. “Jay” Raymond, the founding General of the U.S. Space Force and now a Senior Managing Director at Cerberus, will join Star Catcher’s board alongside B Capital General Partner Jeff Johnson and Shield Principal David Rothzeid.
Founded less than two years ago, Star Catcher is developing a space-based energy infrastructure layer that delivers electricity on demand to satellites and other spacecraft using optical power beaming, with no retrofit or custom receiver required. The company has already set the world record for optical power beaming, completed a critical on-orbit subsystem demonstration, and validated its end-to-end system architecture. Star Catcher will launch its first-ever space-based optical power beaming demonstration later this year, marking a foundational step toward constructing the first energy grid in space designed to deliver up to 10 times more power to client satellites using their existing hardware.
The Series A will accelerate a second orbital mission already in development and strengthen the engineering and operations capacity needed to drive scalable grid deployment. Star Catcher’s customer base spans commercial space operators and U.S. government stakeholders, with the company having signed seven power purchase agreements, secured multiple government contracts, and built a qualified commercial pipeline representing more than $3 billion in projected annual recurring revenue. The funding will support continued commercial expansion alongside deeper engagement with national security customers.
Star Catcher said every major application driving the space economy today, including connectivity, computing, security, and sensing, is constrained by power limitations. By eliminating power as a constraint on spacecraft design and mission capability, the company aims to unlock a new generation of space operations for commercial, civil, and national security customers. The company said the same dynamics seen in terrestrial energy infrastructure, including exploding demand and limited shared infrastructure, are now playing out in orbit.
KEY QUOTES:
“This investment underscores the conviction that orbital infrastructure is now as fundamental as terrestrial infrastructure. Every major application driving the space economy — connectivity, computing, security, sensing — is power-limited today. Star Catcher is lifting that ceiling — making it possible to build in orbit at the scale the next century of life on Earth will demand.”
Andrew Rush, Co-Founder and CEO, Star Catcher
“There is exploding demand, limited shared infrastructure, and a generational opportunity for the company capable of building the first in-orbit grid. We strongly believe Star Catcher is that company. The traction we’ve seen thus far speaks for itself, and we’re proud to lead this round in support of a team that brings unmatched operational depth to solve this critical challenge.”
Jeff Johnson, General Partner and Head of Energy, B Capital
“Star Catcher is solving the constraint that plagues every space-based mission: power. They’ve moved from concept to world-record performance to flight hardware on a timeline almost no frontier-tech company achieves, and they’re building infrastructure with direct relevance to both commercial operators and the national security community.”
John Serafini, Partner, Shield Capital
“Persistent surveillance, resilient communications, and unhindered maneuverability are all constrained today by power. An on-demand power grid can change that, expanding critical capabilities across commercial and national security missions.”
General John W. “Jay” Raymond, Senior Managing Director, Cerberus and Board Member, Star Catcher
