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Turion Space Secures $75M for Maneuverable Satellites

April 12, 2023

2 min read

Key Takeaways

Turion Space raises $75 million in Series B funding.
Funding led by Washington Harbour Partners.
Company develops maneuverable satellites for space domain awareness.
Turion has secured 28 U.S. government contracts to date.

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Strategic Implications

Turion's funding may indicate growing demand for space domain awareness capabilities, which could benefit the company's expansion plans. The investment suggests a focus on maneuverable satellites, which may enhance the U.S. Space Force's ability to monitor foreign satellites and respond to potential threats in orbit.

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What Happened

California Startup Expands Space Domain Awareness Capabilities

Turion Space, a California-based startup, has raised $75 million in a Series B funding round led by Washington Harbour Partners. The company develops satellites and payloads focused on space domain awareness and non-Earth imaging, with a focus on maneuverability. Turion has launched two spacecraft to date and has secured 28 U.S. government contracts, including awards from the U.S. Space Force, NASA, and the National Reconnaissance Office. The new funding will be used to accelerate spacecraft development and expand manufacturing capacity, as reported by SpaceNews.

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Companies Mentioned