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Colorado space startup secures $650 million for expansion

Colorado Springs Gazette·Alex Edwards·about 1 month ago
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The window to deliver space superiority for the U.S. is open but shrinking rapidly, according to defense startup True Anomaly . The Centennial-based company hit a milestone in its pursuit to help deliver that, announcing Tuesday that it raised $650 million in late-stage investment money, bringing its total valuation to $2.2 billion .  Since its inception in 2022, the company has raised more than $1 billion.   The company, which has factories in Colorado and California, outlined an aggressive plan for the next 18 months.  “Space superiority matters now because China and Russia have turned space from a sanctuary into a contested warfighting domain,” the release stated. “China now has more than 1,300 satellites in orbit, including 510-plus (Intelligence, Surveillance and Reconnaissance)-capable systems, giving the PLA a rapidly expanding ability to find, fix, track, target, and strike U.S.…

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