Star Catcher Raises $65 Million Series A to Build the First Power Grid in Space
Tags Infrastructure
Star Catcher Industries raised $65 million in an oversubscribed Series A led by B Capital, co-led by Shield Capital and Cerberus Ventures, bringing total capital raised to $88 million. The Jacksonville-based company, founded less than two years ago, is developing space-based energy infrastructure using optical power beaming to deliver electricity on demand to satellites. The company has signed seven power purchase agreements, secured multiple government contracts, and manages a commercial pipeline representing more than $3 billion in projected annual recurring revenue. General John W. 'Jay' Raymond, the first Chief of Space Operations of the US Space Force, will join the board. Star Catcher plans its first orbital power beaming demonstration later in 2026.
Technical significance
Space-based power infrastructure addresses a fundamental constraint on orbital compute and satellite capability: power availability. Current satellites are limited by solar panel size and battery capacity. Optical power beaming could decouple power generation from the satellite itself, enabling more capable orbital systems without proportional increases in satellite mass. The $3B pipeline and Space Force board appointment signal serious government and commercial demand.