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The STRATFI strategic funding increase agreement secured by Varda in January is valued at $60,000,000.
The U.S. Air Force awarded Varda a $443,000 Small Business Innovation Research contract in 2021 to study Varda’s reentry capsule as a more economical alternative to traditional flight testing.
Varda has purchased three additional Rocket Lab Photon buses to build more satellites beyond the bus used for the June mission.
Varda Space Industries has been raising venture funds to send 120-kilogram factory satellites to orbit to manufacture products in microgravity and return them to Earth in a reentry capsule.
Varda plans to manufacture pharmaceuticals and optical fiber in the microgravity environment of low Earth orbit.
Varda Space Industries will provide reentry capsules to the U.S. Air Force for use as hypersonic flight test platforms.
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 won a $25,000 prize from a Space Force accelerator.
Varda Space Industries plans to use Rocket Lab’s Photon satellites as the platform for its space factories.
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.
On 2021-12-02, the Hyperspace Challenge awarded Varda Space Industries $25,000 for first place, Scout $15,000 for second place, and Neutron Star Systems $10,000 for third place.
Varda Space will launch its first spacecraft on a SpaceX Falcon 9 in early 2023 to demonstrate production of materials in microgravity.
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 purchased three Photon satellite buses from Rocket Lab in August 2022 but did not choose Rocket Lab’s Electron for the initial launch.
Varda Space has raised more than $53,000,000 to date.
Varda Space announced a $42,000,000 Series A round in July 2022 led by Khosla Ventures and Caffeinated Capital.
Varda Space estimated a 50% chance of signing a customer contract for the first mission’s produced material within the next six months.
Varda Space Industries signed a Launch Services Agreement with SpaceX to launch its initial space factory aboard a SpaceX rideshare mission to LEO in 2023-01-01.
Varda Space signed a launch services agreement with SpaceX on 2022-10-11 for a smallsat to fly on a Falcon 9 rideshare mission scheduled for the first quarter of 2023.
Varda Space considers developing the reentry capsule to be more challenging than developing the manufacturing hardware because atmospheric reentry involves hitting the atmosphere at Mach 28.