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Astranis

Astranis

Develops low-cost telecommunications satellites

About

Astranis develops and deploys spacecraft for Geostationary Orbit with the goal of providing internet connectivity to the 4 billion people worldwide who currently lack access. The company designs, manufactures, and operates low-cost telecommunications satellites, offering bandwidth-as-a-service to commercial and government customers. This approach allows Astranis to deliver services at a lower cost than traditional providers, making it appealing for reaching untapped markets. With over $1 billion in satellite services sold in the past two years and plans for additional satellite launches, Astranis is positioned for growth. The company's technology has also garnered interest from the US Department of Defense, indicating its potential in the space technology sector.

Company Stage

Series D

Employees

201-500

Industries

Aerospace, Defense

Total Funding

$760.7M

Headquarters

N/A

Founded

2015


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Simplify's Take

What believers are saying

  • Astranis' recent $1 billion in satellite service sales and upcoming satellite launches indicate strong market demand and growth potential.
  • The introduction of the Omega satellite, with its 50 Gbps throughput, positions Astranis as a leader in next-generation satellite communications.
  • Partnerships with entities like the US Department of Defense and international companies like Thaicom highlight Astranis' expanding global footprint and credibility.

What critics are saying

  • The competitive landscape, including major players like Starlink, poses a significant challenge to Astranis' market share.
  • Delays or failures in satellite launches could impact service delivery and financial stability.

What makes Astranis unique

  • Astranis' focus on low-cost, high-throughput telecommunications satellites for Geostationary Orbit sets it apart from competitors like Starlink, which primarily targets Low Earth Orbit.
  • The company's bandwidth-as-a-service model offers a turnkey solution, making it more accessible and cost-effective for commercial and government clients.
  • Astranis' ability to design, manufacture, and operate its own satellites allows for greater control over costs and service quality, unlike traditional satellite providers.

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Growth & Insights
Headcount

6 month growth

20%

1 year growth

28%

2 year growth

40%

Benefits

An equity stake in the company.

Comprehensive medical, dental, and vision insurance.

Unlimited vacation days.

Healthy, delicious, free lunch catered in every day.

Complementary OneMedical membership.

Great office chairs, stand-up desks, and a machine shop.

Reimbursement to spend on commuting from outside SF

Generous, fully-paid parental leave.

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