Muon Space is a startup that designs, builds, and operates low Earth orbit satellite constellations.
These satellites use sensors to track events on Earth, such as weather patterns, ocean winds, and land surface temperatures.
So far, Muon Space has launched seven satellites.
The most recent satellite launches were commercial radio frequency sensing and analytics satellites built for Sierra Nevada Corporation.
With $100M worth of contracts signed recently, the startup says many more satellites are coming.
At least a few of those satellites will be for the U.S. Air Force and Space Force.
These new satellites will replace the aging Defense Meteorological Satellite
Program.
By the end of 2027, Muon Space leaders say they’ll be producing 100 satellites annually.
The startup closed a $146M Series B funding round just last year. That’s in addition to a $57M Series A the year prior.
What's Next
Muon Space is part of the Satellite Startups meta trend.
Annual funding for spacetech startups has topped $6B for 2023 and 2024, and last
year, funding reached an all time high of $12.4B.
But the satellite startup space is standing out from the others.
A Goldman Sachs analysis reported that the market for low Earth orbit satellites could grow from its current value of $15B to as much as $457B by 2035.
Here are four startups driving that growth:
GalaxEye is building multi-sensor satellites with numerous applications like tracking troop movements, tracking crop growth, and monitoring water quality. The startup has raised more than $18M.
OroraTech has a constellation of heat-sensing satellites that can detect wildfires as small as 10 x 10 meters. They also use AI to remove false positives and predict where the fire will spread. OroraTech
has raised about $70M.
CesiumAstro is focused on
communications systems. Their satellites include phased array antennas for high-speed, multi-beam communications in space. The startup has raised more than $655M.
Slingshot Aerospace provides space object tracking. Satellite operators use the platform to avoid collisions and plan maneuvers. The startup has raised over $150M in funding.