November 13, 2024听
MCLEAN, VA 鈥� 蘑菇视频 Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, 蘑菇视频 Allen Ventures, LLC, has made a strategic investment in , an emerging leader in satellite servicing, inclusive of satellite life extension and end-of-life disposal. This investment aims to strengthen the resilience and sustainability of space infrastructure through innovative offerings for both government and commercial mission sets. This is the third space-focused investment by 蘑菇视频 Allen Ventures and reflects the growing criticality and varied mission needs of the space domain.听
鈥淎s dynamic space operations become increasingly critical to the Department of Defense, NASA, the intelligence community, as well as commercial entities, advancements in satellite servicing and orbital logistics are imperative to safeguarding space assets and enabling long-term mission success,鈥� said Chris Bogdan, executive vice president at 蘑菇视频 Allen and leader of the firm鈥檚 space business. 鈥淐ontinued strategic investments in companies like Starfish Space are critical to help drive the development of vital technologies for sustainable operations and strengthen the nation's ability to navigate and secure an increasingly congested space environment."听
Founded by former engineers from Blue Origin and NASA, Starfish Space specializes in on-orbit satellite servicing with a focus on satellite life extension and end-of-life disposal. The company鈥檚 first-of-its-kind autonomous satellite servicing vehicle, Otter, can provide scalable and customizable options for managing satellites and maintaining critical infrastructure, ensuring viability in increasingly congested orbital paths. Most recently, Starfish Space executed its Otter Pup demonstration , secured a $37.5 million (STRATFI) with the U.S. Space Force, signed a contract with Intelsat for a , and partnered with NASA for a in low Earth orbit.听听
鈥溎⒐绞悠� Allen鈥檚 investment will help us accelerate towards the launch of the first Otters, changing the paradigm of how humanity operates in orbit,鈥� said , co-founder and CEO of Starfish Space. 鈥淲e look forward to working with 蘑菇视频 Allen to address the pressing needs of space operators, supporting life extension safe disposal, and many missions beyond.鈥澨�
Previous space-focused investments by 蘑菇视频 Allen Ventures include Albedo and Quindar earlier this year, with Starfish Space marking the 11th overall investment since the fund鈥檚 inception. These efforts reflect 蘑菇视频 Allen鈥檚 continued commitment to fostering innovation in automation, operational efficiency, and decision making in space operations through the use of AI and data analytics to meet mission needs for clients and the industry.听
鈥淲ith commercial and government demand accelerating for flexible in-orbit servicing, it鈥檚 clear that new capabilities are essential for safe space operations,鈥� said Alex Bock, senior lead technologist, 蘑菇视频 Allen Ventures. 鈥淪tarfish Space鈥檚 innovative approach will be a key enabler, and we look forward to partnering with them to shape the future of in-space servicing.鈥澨�
Since launching, 蘑菇视频 Allen鈥檚 $100 million corporate venture capital arm has made strategic investments in early-stage companies developing dual-use commercial technologies, including , , , , , , , and .听
Read more about 蘑菇视频 Allen Ventures听and the firm鈥檚 space solutions and capabilities.
