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Companies like Varda Space and Space Forge plan to produce drugs, optical fibers, and metal alloys impossible to manufacture on Earth, with first commercial products expected around 2026.
The fifth Varda mission, W-5, successfully launched from Vandenberg Space Force Base in Lompoc, California.
Varda completed its first successful demonstration in February 2024 when its W-1 spacecraft produced a batch of the antiretroviral drug ritonavir.
Varda has raised $145,000,000 in total funding to date.
Varda Space Industries has raised $145,000,000 in funding to date.
Varda Space Industries raised $90,000,000 in a Series B round led by venture firm Caffeinated Capital.
Varda is the first company to seek an FAA reentry license under the new Part 450 regulations.
Varda plans to launch its second Photon-based spacecraft on the Transporter-10 rideshare mission in late 2024 or early 2025.
Varda is the first company to seek a reentry license under the FAA’s Part 450 regulations.
Varda Space Industries is a two-year-old startup that has raised $53,000,000 to develop deployable factories to manufacture products in space that can be brought back to Earth.
Varda Space Industries raised $42,000,000 in Series A funding in 2021 to develop a manufacturing facility to make products in space that can be brought back to Earth.
Varda Space plans to launch its second and third spacecraft by the end of 2024 using an iterative approach based on lessons from previous missions.
Varda Space Industries plans to launch its first space factory in 2023-01-01 and to launch second and third space factories through 2024.
Varda Space Industries has raised $53,000,000 in total funding to date.