InfraOrbitThe capital behind space.
03 / Financing terms · selected comparisons

Venture rounds.

How much the sector's private companies raise per round, and how that has moved.

Randeep Bubbra | Lawyer | Making space financeable

US$139mmedian disclosed round7 findings · data to 27 Oct 2026
Benchmark

Venture rounds

US$10mUS$100mUS$1bnUS$10bn20151617181920212223242526SpaceX equity raise of US$1,000m: US$1.0bnPlanet Labs (pre-listing) equity raise of US$48m: US$48mPlanet Labs (pre-listing) equity raise of US$93m: US$93mPlanet Labs (pre-listing) equity raise of US$106m: US$106mCapella Space equity raise of US$15m: US$15mSpaceX equity raise of US$450m: US$450mAstranis equity raise of US$14m: US$14mRelativity Space equity raise of US$29m: US$29mSpaceX equity raise of US$214m: US$214mCapella Space equity raise of US$19m: US$19mSpaceX equity raise of US$486m: US$486mSpaceX equity raise of US$536m: US$536mCapella Space equity raise of US$14m: US$14mSpaceX equity raise of US$214m: US$214mAstranis equity raise of US$42m: US$42mHawkEye 360 equity raise of US$35m: US$35mRelativity Space equity raise of US$133m: US$133mCapella Space equity raise of US$29m: US$29mAstranis equity raise of US$31m: US$31mSpaceX equity raise of US$346m: US$346mABL Space Systems equity raise of US$48m: US$48mSpaceX equity raise of US$1,901m: US$1.9bnUmbra Lab equity raise of US$32m: US$32mRelativity Space equity raise of US$500m: US$500mSpaceX equity raise of US$1,164m: US$1.2bnABL Space Systems equity raise of US$170m: US$170mAstranis equity raise of US$281m: US$281mHawkEye 360 equity raise of US$40m: US$40mRelativity Space equity raise of US$650m: US$650mTurion Space equity raise of US$11m: US$11mVarda Space Industries equity raise of US$42m: US$42mABL Space Systems equity raise of US$202m: US$202mLoft Orbital equity raise of US$113m: US$113mStoke Space equity raise of US$65m: US$65mHawkEye 360 equity raise of US$145m: US$145mSpaceX equity raise of US$345m: US$345mSpaceX equity raise of US$337m: US$337mSierra Space equity raise of US$1,412m: US$1.4bnSierra Space equity raise of US$31m: US$31mCesiumAstro equity raise of US$60m: US$60mImpulse Space equity raise of US$20m: US$20mSpaceX equity raise of US$1,725m: US$1.7bnMuon Space equity raise of US$25m: US$25mSlingshot Aerospace equity raise of US$34m: US$34mSpaceX equity raise of US$250m: US$250mIsar Aerospace Series C: US$168mStarfish Space equity raise of US$13m: US$13mApex Technology equity raise of US$16m: US$16mImpulse Space equity raise of US$39m: US$39mHawkEye 360 equity raise of US$58m: US$58mAxiom Space Series C: US$350mStoke Space equity raise of US$146m: US$146mAlbedo Space equity raise of US$29m: US$29mABL Space Systems equity raise of US$41m: US$41mCesiumAstro equity raise of US$30m: US$30mApex Technology equity raise of US$72m: US$72mIsar Aerospace Series C extension: US$70mLynk Global equity raise of US$85m: US$85mStarfish Space equity raise of US$30m: US$30mThe Exploration Company Series B: US$160mStoke Space equity raise of US$184m: US$184mApex Technology equity raise of US$158m: US$158mImpulse Space equity raise of US$294m: US$294mCesiumAstro equity raise of US$270m: US$270mApex Technology equity raise of US$152m: US$152mStoke Space equity raise of US$410m: US$410mHawkEye 360 equity raise of US$106m: US$106mICEYE €150m Series E: US$169mAxiom Space US$350m financing (2026): US$350mStoke Space equity raise of US$275m: US$275mStarfish Space equity raise of US$112m: US$112mSierra Space equity raise of US$550m: US$550mApex Technology equity raise of US$157m: US$157mImpulse Space equity raise of US$500m: US$500mICEYE €450m Series F: US$522mAxiom Space round extension with MUFG: US$175m

Disclosed round sizes only; many rounds do not disclose a value.

Show the figures
PeriodDealsMedianLargest
2015–2024US$70mUS$1.9bn
202114US$186mUS$1.4bn
2022–2316US$40mUS$1.7bn
2024 on22US$165mUS$550m
  1. 01

    76 venture and growth rounds with a disclosed value, from US$11m–US$1.9bn; the median is US$139m.

  2. 02

    2015–20: 24 deals, median US$70m.

  3. 03

    2021: 14 deals, median US$186m.

  4. 04

    2022–23: 16 deals, median US$40m.

  5. 05

    2024 on: 22 deals, median US$165m.

  6. 06

    43 were US$100m or more.

  7. 07

    The largest is SpaceX equity raise of US$1,901m at US$1.9bn.

Next: M&A values

Selected observations from the register, not a market census, investment recommendation or legal advice. Working on a deal like these? Book 20 minutes with Randeep to see how your terms compare.

Randeep Bubbra
InfraOrbit Weekly

The week in space finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing satellite operators, launch and space infrastructure. By Randeep Bubbra.

Working on a financing like this? Book 20 minutes with Randeep to see how it compares.

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