Astranis company profile: valuation, funding & revenue

This Astranis company profile covers the company's valuation, revenue, funding rounds, investors and history. Astranis works in space, with a focus on geostationary communications satellites. It was founded in 2015 and is headquartered in San Francisco, California, United States. Its latest valuation on record is US$2.8 billion (post-money) (May 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Astranis timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2015 — Astranis is founded in San Francisco by John Gedmark (CEO) and Ryan McLinko.
• 2024 — Series D: US$200M. Investors: a16z Growth (lead); BAM Elevate (co-lead).
• May 2026 — Series E plus debt: US$300M equity plus US$155M loan commitments, valuing the company at US$2.8B (post-money). Investors: Snowpoint Ventures and Franklin Templeton (co-leads); Trinity Capital (debt).
• May 2026 — Total funding: More than US$1.2 billion (company-stated).
• 2026 — Satellite size: About 400 kg, roughly a twentieth of a traditional GEO satellite.

Investors

Astranis builds small satellites for geostationary orbit, the high orbit 36,000 kilometres above the equator where traditional communications satellites the size of a bus have dominated for decades. In May 2026 it raised about US$450 million, a US$300 million Series E plus loan commitments, at a US$2.8 billion post-money valuation. This profile explains Astranis's MicroGEO approach, its funding, customers and the risks of building satellites at a new scale.

Astranis's valuation

Astranis's 2026 financing combined a US$300 million Series E co-led by Snowpoint Ventures and Franklin Templeton with US$155 million of loan commitments from Trinity Capital, according to a company announcement reported by MarketScreener. It was priced at a US$2.8 billion post-money valuation, a figure also reported by Newcomer. The company said total funding now exceeds US$1.2 billion. That compares with a 2024 Series D of US$200 million led by a16z Growth.

What Astranis builds

A traditional geostationary communications satellite weighs several tonnes, costs hundreds of millions of dollars and takes years to build. Astranis's MicroGEO satellites weigh about 400 kilograms, roughly a twentieth of that, according to Sacra, and are designed to be built faster on a production line. Each uses a software-defined radio, so its frequencies and coverage can be reconfigured in orbit.

The idea is to give a single country, region or operator its own dedicated satellite at a price it can afford, rather than leasing capacity on a giant shared one. Customers have included Pacific Dataport in Alaska, which uses Astranis capacity for broadband in remote communities, and operators in Southeast Asia and Latin America. Several satellites can launch together on one rocket.

The military opportunity

Astranis has increasingly targeted defence customers. The US military wants communications satellites that are cheaper, more numerous and quicker to replace, so that losing one is less damaging. Astranis says the 2026 money will speed up production and expand manufacturing to support US military satellite procurement as well as commercial customers. Military contracts could be larger and steadier than commercial broadband deals.

Founders

John Gedmark, the chief executive, and Ryan McLinko founded Astranis in San Francisco in 2015. Gedmark previously led the Commercial Spaceflight Federation, an industry association, and McLinko worked on spacecraft engineering. The company builds its satellites at its San Francisco headquarters.

Competitive landscape

Astranis competes with large geostationary satellite makers such as Airbus, Thales Alenia Space, Boeing and Maxar, with satellite operators that sell shared capacity, such as SES and Viasat, and indirectly with low-Earth-orbit broadband constellations such as SpaceX's Starlink and Amazon's Kuiper, which serve some of the same customers with very different technology. Newer satellite makers such as Apex and K2 Space are also trying to industrialise satellite production. See our space startups guide.

Why geostationary orbit still matters

A satellite in geostationary orbit circles the Earth once a day, so it appears to hang in one spot over the equator. A single satellite can cover roughly a third of the planet's surface, and ground antennas do not need to track it, which keeps user equipment simple and cheap. That is why geostationary satellites have long carried television, maritime and aviation connectivity, and government communications. Low-orbit constellations such as Starlink offer lower latency but need thousands of satellites and more complex terminals. Astranis's argument is that smaller, cheaper geostationary satellites can keep the advantages of high orbit while removing its biggest drawback: the enormous cost and long build time of each spacecraft.

Who buys MicroGEO capacity

Astranis's customers fall into three groups. Regional telecom and internet providers buy a dedicated satellite to serve a country or territory, often places where fibre is hard to lay, such as Alaska, island nations or mountainous regions. Established satellite operators use MicroGEO satellites to add capacity quickly over a specific area. And governments, increasingly the US military, want resilient communications that do not rely on a handful of very expensive satellites. Selling whole satellites rather than leasing bandwidth gives customers control over their capacity and gives Astranis large, upfront contracts.

Risks

• Technical anomalies: Astranis has faced problems on some satellites; Sacra reported that a component issue affecting five satellites pushed the Thaicom 9 launch to March 2027.
• Starlink competition: low-orbit broadband is cheaper and faster for many users, squeezing demand for geostationary capacity.
• Launch dependence: it relies on third-party rockets and schedules.
• Revenue scale: revenue is still small relative to its valuation.

Questions to ask

• How many MicroGEO satellites are operating, and how reliable have they been?
• What is the size of its contracted backlog, commercial and military?
• How fast can it produce satellites, and at what cost?
• How does price per gigabit compare with low-orbit alternatives?

Timeline in brief

• 2015: founded in San Francisco.
• 2018: launches a demonstration satellite.
• 2023: first commercial MicroGEO launch, for Alaska broadband.
• 2024: US$200 million Series D led by a16z Growth.
• May 2026: US$300 million Series E plus US$155 million debt at US$2.8 billion.
• March 2027: Thaicom 9 launch target (reported).

Astranis at a glance

Astranis is a San Francisco satellite company founded in 2015 by John Gedmark and Ryan McLinko that builds small MicroGEO communications satellites for geostationary orbit. In May 2026 it raised a US$300 million Series E co-led by Snowpoint Ventures and Franklin Templeton, plus US$155 million of loan commitments from Trinity Capital, at a US$2.8 billion post-money valuation, taking total funding above US$1.2 billion.

What to watch

Watch for successful launches and operations of its next satellites, military contracts, production rates and how geostationary demand holds up against low-orbit broadband.

Takeaways

Astranis is trying to do for geostationary satellites what SpaceX did for rockets: make them smaller, cheaper and more frequent. Its 2026 raise gives it capital to scale, but reliability and competition from Starlink remain the key tests.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Newcomer
2. MarketScreener
3. Sacra