Starfish Space is aiming to revolutionize satellite operations with its Otter spacecraft, designed for servicing geostationary satellites and safely disposing of defunct ones.
The new funding round led by Shield Capital showcases an increased interest in defense technology within the space industry, reflecting a shift towards more sophisticated satellite capabilities.
CEO Austin Link emphasizes the importance of affordability in satellite servicing, stating the goal is to make servicing beneficial enough to outweigh its costs for satellite operators.
Starfish's recent contracts, including a significant one with the U.S. Space Force, indicate robust demand for its innovative satellite servicing solutions.
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