Starfish Space, a Seattle-based space infrastructure company developing autonomous satellite servicing vehicles, has raised more than $100 million in a Series B financing round to accelerate the growth of its on-orbit servicing business and expand deployment of its Otter spacecraft. The round was led by Point72 Ventures, with Activate Capital and Shield Capital serving as co-lead investors. Additional participants included Industrious Ventures, NightDragon, existing investors NFX, Munich Re Ventures, Toyota Ventures, and PSL Ventures, as well as new investors Nomi Capital, Gaingels, and Overlap Holdings. The financing marks one of the largest recent investments in the satellite servicing sector.

Founded in 2019 by former Blue Origin engineers Trevor Bennett and Austin Link, Starfish Space is developing autonomous spacecraft designed to dock with satellites already in orbit. The company’s flagship vehicle, Otter, is intended to provide satellite life extension, relocation, inspection, disposal, and other in-space servicing capabilities. By enabling satellites to be repaired or repositioned rather than replaced, Starfish aims to reduce costs while extending the operational lifespan of valuable space assets.

The newly secured capital will support expansion of Starfish’s satellite servicing operations, increase production capacity for its Otter spacecraft, and accelerate commercial deployments. The company said it plans to grow its engineering and manufacturing teams while advancing multiple contracted missions for government and commercial customers.

The funding follows a period of significant technical and commercial progress for the company. Starfish has successfully launched and operated three demonstration missions in orbit, including the Remora mission completed in 2025 and the ongoing Otter Pup 2 mission. It has also secured contracts with organizations including the U.S. Space Force, the Space Development Agency, NASA, and satellite operator SES, positioning the company as one of the leading providers of commercial satellite servicing technology.

Unlike traditional satellites that are designed for a single mission and eventually become space debris after exhausting their fuel or experiencing failures, Starfish’s Otter spacecraft are designed to rendezvous with existing satellites, dock autonomously, and perform a variety of servicing tasks. These include orbit adjustments, life extension, inspection, relocation, and controlled deorbiting at the end of a satellite’s operational life. The company believes these capabilities can help satellite operators maximize asset value while supporting more sustainable use of Earth’s orbital environment.

Point72 Ventures, which led the Series B round, invests in companies developing advanced technologies across sectors including artificial intelligence, enterprise software, life sciences, and frontier technologies. Its investment reflects growing confidence in the commercial potential of in-space servicing infrastructure. Activate Capital and Shield Capital, which co-led the financing, have also focused on companies developing technologies with applications in aerospace, national security, and industrial innovation.

The participation of existing investors including NFX, Munich Re Ventures, Toyota Ventures, and PSL Ventures demonstrates continued support for Starfish’s long-term strategy. New investors Nomi Capital, Gaingels, and Overlap Holdings joined the round as the company prepares for broader commercial deployment of its servicing vehicles.

The Series B follows Starfish’s earlier $29 million funding round announced in late 2024, which was led by Shield Capital. That financing supported development of the company’s first three operational Otter servicing vehicles for missions involving Intelsat, the U.S. Space Force, and NASA, bringing the company’s total funding at that time to more than $50 million.

Starfish has also secured substantial government support alongside private investment. In recent years, the company received a $37.5 million Strategic Funding Increase contract from the U.S. Space Force, a $52.5 million contract from the Space Development Agency for satellite disposal services, and a $54.5 million U.S. Space Force contract to deliver another dedicated Otter servicing vehicle. These awards demonstrate increasing government demand for commercial satellite servicing capabilities.

Demand for satellite servicing is growing as governments and commercial operators deploy increasingly large constellations in low Earth orbit and geostationary orbit. Extending satellite lifetimes, safely removing aging spacecraft, and performing orbital maintenance are becoming critical priorities as orbital congestion increases. Starfish believes autonomous servicing vehicles can play a key role in creating a more sustainable and economically efficient space ecosystem.

With more than $100 million in new capital, Starfish Space plans to accelerate production of its Otter spacecraft, expand customer programs, and strengthen its position in the rapidly growing market for on-orbit satellite servicing. As commercial and government demand continues to rise, the company aims to build the infrastructure needed to make satellite servicing a routine part of space operations, helping operators extend mission life, reduce costs, and manage orbital assets more effectively.

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