Home / Technology / Space Startup Turion Secures $75M for Orbit Surveillance
Space Startup Turion Secures $75M for Orbit Surveillance
15 Apr
Summary
- Turion Space raised over $75 million in Series B funding.
- Company focuses on space domain awareness and non-Earth imaging.
- New funds accelerate development and boost manufacturing capacity.
Turion Space, a startup founded by SpaceX and Lockheed Martin veterans, has successfully raised more than $75 million in a Series B funding round. Washington Harbour Partners spearheaded this investment, which also saw participation from existing and new investors. The company focuses on developing satellites and payloads for space domain awareness and non-Earth imaging missions.
These funds are earmarked for accelerating spacecraft development and expanding manufacturing capacity. Turion aims to significantly increase its satellite production from approximately eight to 40 per year. The company is also enhancing its mission control software platform, Starfire, to manage satellites across various orbits.
Turion has launched two spacecraft to date, with its latest model designed to track orbital objects and monitor debris. The company's maneuverable satellite technology is crucial for the defense market, supporting the U.S. Space Force's increased focus on monitoring foreign satellites and potential orbital threats.
With 28 U.S. government contracts secured, including awards from the U.S. Space Force and NASA, Turion is poised for growth. The company plans to deploy a fleet spanning low Earth and geosynchronous orbits, with a next-generation spacecraft, Droid Viper, expected around 2027. Beyond defense, Turion sees commercial applications, such as inspecting malfunctioning satellites for the space insurance sector.
