Internet access is swiftly becoming a core feature of modern life across the world - as of 2021, nearly 60% of the global population were active internet users, and the number is only set to climb. Looking to facilitate and benefit from this is Astranis, which has developed advanced small-form-factor satellite technology (similar to SpaceX) to improve satellite internet access across the world.
This has proven an astronomically successful proposition with an overwhelming demand from global customers, including a partnership to triple data speeds across the state of Alaska. This is no surprise, as provision of basic internet capabilities is in the interests of industry, governments, and the population at large.
With a valuation of $1.6 billion, the company's Series E injection of capital is set to ramp up its commercial satellite production and support for its US Government contracts. With the US Space Force gaining one of the largest budget increases in its history, Astranis is set for an even brighter future.
Kirsty
Company Specialist at Welcome to the Jungle