Starfish Space has raised more than $100 million in a Series B funding round led by Point72 Ventures, capital the Seattle-area company will use to scale up its Otter satellite servicing business as demand for in-orbit maintenance accelerates.
A bigger round for in-orbit servicing
Activate Capital and Shield Capital co-led the round, with major participation from Industrious Ventures and NightDragon. Existing backers NFX, Munich Re Ventures, Toyota Ventures and PSL Ventures returned, joined by new investors Nomi Capital, Gaingels and Overlap Holdings. Founded in 2019 and based in Tukwila, Washington, Starfish has now raised over $150 million in venture funding.
What Otter does
Otter is an autonomous servicing vehicle roughly 10x smaller and far cheaper than legacy alternatives, using exclusively electric propulsion to rendezvous and dock with client satellites. Its first assignments are life extension for geostationary satellites and end-of-life disposal of low Earth orbit spacecraft. The company has flown three demonstration missions to date, including the Remora mission in 2025 and the ongoing Otter Pup 2 mission, and expects its first full Otter mission later this year.
Contracts across defense and commercial
Starfish has Otter missions under contract with the U.S. Space Force, the Space Development Agency, NASA and SES, a customer base spanning national-security and commercial operators. The raise lands amid a broader surge of capital into orbital infrastructure and satellite servicing, a theme also visible in Katalyst Space's recent satellite-servicing funding and in defense-driven consolidation such as MDA Space's $620 million Blue Canyon acquisition. Government demand for responsive space capability, underscored by milestones like Rocket Lab's Victus Haze responsive-space record, is helping pull servicing technology from demonstration toward routine operations.
Why it matters
As satellite constellations multiply, the ability to refuel, relocate, inspect and safely retire spacecraft becomes central to sustainable operations and orbital debris management. Starfish's funding positions it to convert contracted missions into a repeatable commercial line of business alongside large government space programs such as the Space Force's MUOS satellite effort.
Reporting based on coverage from Starfish Space, GeekWire, SpaceNews and Payload.