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Founded by Blue Origin veterans, Starfish Space raises $7M for satellite servicing tug

28 Sep 2021, 17:30 UTC
Founded by Blue Origin veterans, Starfish Space raises $7M for satellite servicing tug
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As shown in this artist’s conception, Starfish Space’s Otter space tug is designed to hook up with larger objects in orbit, either for servicing or for safe disposal. (Starfish Space Illustration)
Kent, Wash.-based Starfish Space says it’s raised $7 million to boost its drive to develop a space tug capable of moving objects into different orbits — or sending them down through the atmosphere for safe disposal.
The seed funding round was co-led by NFX and MaC Venture Capital, with participation from PSL Ventures, Boost VC, Liquid2 Ventures and Hypothesis.
Starfish Space was founded in 2019 by Austin Link and Trevor Bennett, two veterans of Jeff Bezos’ Kent-based Blue Origin space venture. The company’s senior roboticist, Ian Heidenberger, also came to the venture from Blue Origin.

The centerpiece of Starfish’s business plan is the Otter space tug, a small satellite that would be capable of capturing and moving other objects in orbit. Such a capability could address two of the emerging challenges in the satellite industry: extending the operating life of large, expensive geostationary spacecraft; and disposing of obsolete spacecraft and other space debris.
“As space becomes more crowded and more regulated, we see a massive need for companies like ...

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