Starfish Space has an expanding slate of Otter missions under contract, including a Space Force docking demonstration and follow-on, a Space Development Agency satellite disposal contract, a NASA satellite inspection contract, and a commercial life-extension contract with SES.

The company plans multiple Otter missions for both commercial and government customers, with initial deployments to GEO for SES life-extension and a STRATFI-backed US Space Force GEO mission, and additional missions in low Earth orbit are in the works.

The latest funding round was led by Point72 Ventures with Activate Capital and Shield Capital as co-leaders, plus heavy participation from Industrious Ventures, NightDragon, and existing and new investors including NFX, Munich Re Ventures, Toyota Ventures, PSL Ventures, Nomi Capital, Gaingels and Overlap Holdings.

Starfish’s total funding now exceeds $150 million, following rounds in 2021, 2023 and 2024.

Investors view commercial satellite servicing and on-orbit operations as viable, signaling confidence in Starfish’s path toward practical on-orbit servicing and potential national security applications.

Company leadership and investors emphasize growing momentum in on-orbit servicing and its relevance to space operations and national security.

Demonstrations to date include a 2025 software test (Remora) and two orbital tests with scaled-down Otter Pup prototypes.

CEO and co-founder Austin Link notes Otters are ready for launch, with the first commercial missions planned later this year after the initial two contracts were announced.

Funding will scale up Otter production, support deployment of missions, and grow the team by roughly 40–50 people, pushing headcount from about 90 toward 140+ within a year.

Starfish Space was founded in 2019 by Austin Link and Trevor Bennett, veterans of Blue Origin, and has developed the Otter spacecraft for rendezvous, docking and maneuvering or disposing of objects in orbit.

Otter Pup 2 is testing rendezvous and docking, has a new docking partner after the prior partner exited, and informs software updates and future Otter deployments.

Starfish Space, based in Tukwila, Washington, has raised over $100 million in a Series B led by Point72 Ventures, with substantial participation from Activate Capital and Shield Capital and others.