What Happened
Startup Launches Multiple Commercial Reentry Vehicles
Varda Space Industries is operating two spacecraft in orbit and plans to launch eight more, with the goal of establishing a fleet of mini-factories in space. The company’s spacecraft can host the orbital production of valuable goods such as pharmaceuticals and then bring them safely down to Earth. Varda has raised $251 million in Series D funding and aims to fly seven more missions in 2027, according to Space.com.