Muon Space Series B funding

Muon Space has completed a $56.7 million Series B funding round, led by Activate Capital, which will support the development of its Halo low-Earth orbit satellite platform and expand its operational capabilities. The company has secured over $100 million in customer contracts for 2024, including a significant agreement with Sierra Nevada Corporation (SNC) to develop three satellites for its Vindlér radio-frequency sensing system, with the first launch scheduled for 2025. Muon Space's innovative business model allows customers to utilize its end-to-end satellite services, significantly reducing the time and resources typically required for satellite development. The funding and partnerships reinforce investor confidence in Muon's technology and market potential, positioning the company as a leader in the space technology sector. This collaboration with SNC aims to enhance RF collection and analytics capabilities, transforming commercial applications in satellite technology. Muon Space's ongoing projects, including a wildfire monitoring constellation for the Earth Fire Alliance, further demonstrate its commitment to leveraging space technology for critical applications.