Muon Space Raises $250M to Scale Satellite Production

Satellite startup Muon Space has secured $250 million in new funding, valuing the company at $1.5 billion as it aims to scale satellite production to meet growing demand for space-based infrastructure. The Series C round, announced Thursday, was led by Eclipse Capital with participation from Google, Salesforce Ventures, and Wellington Management. The investment brings Muon's total equity funding to more than $386 million.

The financing arrives as governments and commercial entities increasingly turn to orbit for Earth observation, secure communications, and computing. Muon CEO Jonny Dyer stated that the company's "Mission Foundry" model is designed to help customers deploy complete constellation systems in months instead of years, treating space infrastructure with the scalability of cloud computing. The company plans to use the capital to expand hiring and build out infrastructure at its new manufacturing facility in San Jose.

That facility, a 130,000-square-foot automated plant, has a target capacity to produce up to 500 satellites annually by 2027. This represents a significant operational leap for the Mountain View, California-based startup, which has deployed 11 satellites...