Star Catcher Industries, Inc. has raised funds to develop an orbital energy grid to power other satellites.
The company has announced an oversubscribed Series A, raising $65 million, bringing the company’s total capital raised to $88m to build a space-based solar power (SBSP) operation to power satellites and spacecraft with optical power beaming “with no retrofit or custom receiver required."
– Star Catcher Industries
"This investment underscores the conviction that orbital infrastructure is now as fundamental as terrestrial infrastructure," said Andrew Rush, co-founder and CEO of Star Catcher, in a statement. "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."
Founded in July 2024 in Jacksonville, Florida, with a $12.25m seed funding round, the company claims the world record for optical power beaming through an on-orbit subsystem demonstration after a November 2025 demonstration sending 1.1kW through space via laser. Star Catcher now hopes to build the first orbital energy grid, stating in 2025 its plans for commercial deployment in 2027, a deadline the Series-A announcement does not repeat, instead stating its intention to launch an optical power beaming demonstration later this year.
