On May 6, 2026, Astranis, an advanced satellite manufacturer, announced it has raised $450 million in new capital, bringing the company’s total raised to more than $1.2 billion as it scales to meet increased demand for its spacecraft designed for geostationary orbit and other high orbits. The funding includes a new $300 million Series E round co-led by Snowpoint Ventures and Franklin Templeton, with participation from Andreessen Horowitz, funds and accounts managed by affiliates of BlackRock, Baillie Gifford, and Fidelity Management & Research Company, as well as BAM Elevate, Nimble Partners, and Friends & Family Capital, along with other existing and new investors. A delayed-draw credit facility by Trinity Capital adds up to $155 million of additional capital to support the addition of new manufacturing capacity and support future growth. Wilson Sonsini Goodrich & Rosati advised Astranis on the transactions.

Astranis will use the new funding to accelerate satellite production for its commercial customers, and scale up to support major U.S. Government Programs of Record.

The Wilson Sonsini team that advised Astranis on the transactions includes Rezwan D. Pavri, Colin G. Conklin, Dana J. Hall, Richa Sharma, Andrew Lu, Keili Prenton, Eaton T. Liu, and Angelica G. Lee.

For more information, please see Astranis’ news release.