Star Catcher Raises $65 Million to Build the First Power Grid in Space

Star Catcher Industries, Inc. has successfully raised $65 million in an oversubscribed Series A funding round, aimed at accelerating the development of the first power grid in space. The funding, which was announced on May 12, 2026, was led by B Capital and co-led by Shield Capital and Cerberus Ventures, the venture arm of Cerberus Capital Management. With this latest round, Star Catcher has now raised a total of $88 million since its inception.

Founded less than two years ago, Star Catcher is pioneering a space-based energy infrastructure that utilizes optical power beaming technology to deliver electricity on demand to satellites and other spacecraft. The company has already achieved significant milestones, including setting a world record for optical power beaming and completing a critical on-orbit subsystem demonstration. The capital raised in this Series A round will primarily support upcoming orbital power beaming demonstrations, which are essential for validating the technology and moving toward scalable infrastructure.

The strategic rationale behind this funding is underscored by the growing demand for energy in space, driven by various applications such as connectivity, computing, and national security. Star Catcher aims to alleviate the power limitations currently faced by space missions, enabling satellites to generate up to ten times more power without requiring retrofits. This capability is expected to unlock new operational possibilities for both commercial and government stakeholders, as the company has already signed multiple power purchase agreements and secured government contracts that represent a substantial commercial pipeline.

The participation of notable investors, including GreatPoint Ventures, Helena, Oceans Ventures, and MVP Ventures, highlights the increasing interest in space-based infrastructure as a critical component of the broader energy landscape. Additionally, the appointment of General John W. "Jay" Raymond, the first Chief of Space Operations of the United States Space Force, to Star Catcher's board further emphasizes the strategic importance of the company's mission in relation to national security and commercial interests.

Looking ahead, the implications of this funding extend beyond Star Catcher itself, signaling a growing recognition of the necessity for robust energy infrastructure in space. As the company prepares for its first orbital power beaming demonstration later this year, it positions itself at the forefront of a burgeoning sector that could reshape how energy is managed and distributed in orbit. The successful execution of its mission could pave the way for a new era of space operations, enhancing capabilities for both commercial enterprises and national defense initiatives, and establishing a precedent for future investments in space-based technologies.