Jackal, a true anomaly spaceship.
Provided by: True Anomaly
True Anomaly, a Colorado startup building space interceptors for President Donald Trump’s massive Golden Dome program, has raised $650 million, the company announced Tuesday.
The four-year-old startup is currently valued at $2.2 billion and has raised a total of $1 billion. True Anomaly plans to use the funding to expand its operations, nearly doubling its workforce to 500 by the end of the year.
“Space is a warfighting domain, and adversaries are building space combat capabilities on a scale never seen before,” CEO Even Rogers told CNBC.
The space race is heating up globally, driven by investor enthusiasm for Elon Musk’s SpaceX’s long-awaited public market debut. Private space companies are also benefiting from the increased interest, with startups Vast and Sierra Space recently completing more than $500 million in funding rounds.
At the same time, the U.S. government is investing in securing outer space by returning astronauts to the moon for the first time in nearly half a century as part of the Artemis program.
The demand for defense tools in a tense geopolitical climate is creating a huge opportunity for space companies, especially those that make satellites and tools that can track and intercept rockets at close range. President Trump is planning a massive $185 billion anti-ballistic system called Golden Dome and has called for an increase in the defense budget to $1.5 trillion by 2027.
SpaceX’s Starlink is considered the largest satellite manufacturer, and its Starshield product line is designated for military and government use. Other competitors include defense technology contractors and Amazonis carving out an interest with Leo, formerly Project Kuiper.
Space interceptors are a new market for True Anomaly, which also makes an autonomous orbiting satellite known as Jackal and its Mosaic autonomy software platform. True Anomaly is one of 12 companies, including Anduril and SpaceX, selected by the U.S. Space Force for a contract worth up to $3.2 billion to support the Golden Dome missile defense interceptor.
True Anomaly also plans to use the funding for new product launches and a major factory expansion, with plans to expand from 140,000 square feet to 2 million square feet over the next four years.
Eclipse and Riot Ventures led the funding round.
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