Muon Space Secures $56M in Series B Funding, Surpasses $100M in Customer Deals in 2024, Including a Groundbreaking Deal with SNC

Muon Space to Develop and Deliver Three Satellites for SNC’s Vindlér™ Capability, a Pioneering Project for Commercial RF Capabilities

MOUNTAIN VIEW, California., August 5, 2024 /PRNewswire/ — Muon spacea comprehensive space systems provider that designs, builds and operates mission-specific satellite constellations in low Earth orbit (LEO), is proud to announce the successful completion of 56.7 PLN* Series B financing round led by Activate capital. Acme Capital and current investors Costanoa’s Projects, Radical venturesAND Projects in line with all joined the round. This equity funding accelerates Muon’s expansion of its Halo™ platform and positions the company to scale the breadth of capabilities it delivers to its growing customer base.

As evidence of the rapidly growing popularity in the space technology sector, Muon Space has already acquired over 100 million dollars in committed customer contracts in 2024 for Halo LEO satellites. The key point of these contracts is the groundbreaking agreement with SNC for the development and delivery of three next-generation satellites to further develop SNC Windler commercial RF technology. The first Muon satellite block is scheduled for launch in 2025.

SNCs Vindler Constellation provides industry-leading RF acquisition and analysis functionality. The additional satellites will significantly increase the ability to simultaneously collect multiple signals of interest over an unprecedented range of RF spectrum. It will also increase the total downlink capacity, transforming current commercial opportunities and supporting an expanding range of mission sets.

“SNC has partnered with Muon Space to develop an advanced radio frequency sensing satellite and a comprehensive mission solution,” he said. Tim Owingsexecutive vice president of SNC’s MST business area. “Muon’s scalable design, instrument development and operational support, combined with our RF technology, diverse data sets and analytical capabilities, will enable a new level of commercial opportunity beginning in 2025.”

The partnership between Muon Space and SNC highlights the combined strengths of an industry leader in ELINT/tactical sensors and the innovative capabilities of New Space and the agility of Muon’s Halo satellite technology modular design. This collaboration aims to redefine commercial RF solutions and deliver unmatched value for a variety of mission applications.

“Having Muon Space selected by a recognized industry leader like SNC to execute this mission truly highlights our competitive advantage,” said Gregory SmirinCEO of Muon Space. “Our end-to-end solution offers a significant advantage, providing SNC with a seamless and integrated approach from design to implementation and operations. This partnership reaffirms our commitment to delivering comprehensive, state-of-the-art constellation performance that stands out in a highly competitive marketplace.”

The Series B funding round underscores investor confidence in Muon Space’s innovative approach and market potential. With this capital raise, Muon Space plans to scale its operations, expand its product offerings, and continue pioneering advances in space data sensing and analysis. This funding will be instrumental in supporting the company’s growth and the execution of its strategic initiatives.

“Muon Space’s cutting-edge technology, phenomenal execution track record, and multi-billion dollar market potential make it an incredibly compelling investment opportunity,” said Raj Atluru, Managing Partner of Activate Capital. “With the best team in the industry and technology underpinned by a compelling vision and a huge opportunity, we believe Muon Space is poised to define a new era of space infrastructure.”

“Our mission at Muon Space is to harness the power of space to deliver critical insights and data that will lead to meaningful change on Earth,” he said. Jonny DyerCEO Muon Space. “This funding and our growing list of top strategic partners like SNC allow us to accelerate our mission and make space-based intelligence accessible and impactful across sectors. We are committed to pushing the boundaries of what is possible in space to unlock a safer, more resilient world.”

* $56,703,744 be precise

About Muon space
Founded in 2021, Muon Space is a comprehensive space systems provider that designs, builds, and operates LEO satellite constellations, delivering mission-critical data. Our revolutionary, integrated technology stack enables customers to optimize every dimension of their mission for faster time-to-orbit and improved constellation remote sensing performance. Our state-of-the-art facility in the heart of Silicon Valley is optimized for spacecraft production and rapid, flexible, large-scale payload integration. From climate monitoring to national security, Muon Space is dedicated to delivering Earth Intelligence for a safer, more resilient world.

For more information about Muon Space, please visit: https://www.muonspace.com/

About SNC
SNC is a trusted global leader in aviation and national security. Our innovative solutions enable connected protection with command, control and communications systems, as well as ISR, cyber, electronic spectrum management and other advanced capabilities for national security systems across all domains – sea, land, air, space and cyber. SNC is the next generation of prime contractors at the optimal intersection of commercial, defense and non-conventional contractors. We are one of the few private mid-market A&D prime contractors and pride ourselves on our ability to invest early and often to ensure mission success on or ahead of schedule. Part of our mission is to always stay one step ahead; working on solutions today to solve the problems of tomorrow. Founded in 1963, SNC is owned by Chairwoman Eren Ozmen and general director Fatih Ozmen.

About Activate Capital
Activate Capital is a growth-stage venture capital firm investing in sustainable, resilient transformation of the global economy. Our portfolio companies address climate change and other disruptive global forces, accelerating decarbonization and strengthening our shared energy, manufacturing, transportation, trade and infrastructure systems. Activate invests in technology companies at inflection points, led by exceptional entrepreneurs building category-defining platforms.

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