Astranis Space Technologies Corp.

Founded in 2015, Astranis Space Technologies Corp. operates out of California, US, offering innovative satellite solutions. The company was co-founded by CEO John Gedmark and CTO Ryan McLinko, both entrepreneurs with experience in the space technology sector. In May 2026, Astranis Space Technologies Corp.

raised USD 300 million in series E funding co-led by Snowpoint Ventures and Franklin Templeton, with participation from Nimble Partners, Returning investors Andreessen Horowitz, Baillie Gifford, BAM Elevate, BlackRock, Fidelity Investments, Friends & Family Capita. The round was part of a larger USD 450 million series E and venture debt funding. Astranis specializes in advanced satellite technology, focusing primarily on high-orbit satellites to provide dedicated satellite broadband through its flagship product, MicroGEO. The MicroGEO satellite is designed to deliver reliable and high-capacity internet connectivity, targeting both commercial and governmental sectors.

In addition to broadband services, Astranis' small, radiation-tolerant satellites are engineered to support a broad range of applications, including government science, positioning, navigation, and timing (PNT) missions. The company has established contracts with significant clients such as Space Force and NASA, indicating a strong presence in the aerospace sector. Astranis primarily markets its products in North America and has plans to expand its offerings to international markets, enhancing global connectivity solutions. Astranis generates revenue through a combination of contracts and partnerships focused on its satellite services.

The company engages in business-to-business transactions, providing its satellite technology to government agencies and commercial entities. These transactions typically involve fixed contract agreements, where clients pay for the deployment and operation of the satellites over a specified term. Revenue is driven by the sale of satellite services, including high-capacity broadband and support for various government missions, which are structured around long-term contracts. This approach secures consistent revenue streams, leveraging the company's expertise in satellite technology and its established relationships with key industry players.