Aerospace startup Muon Space has booked $146 million in total Series B funding, allowing the satellite constellation manufacturer to ramp up production at a new 130,000-square-foot complex in San Jose, California. Its book of business grew by leaps and bounds in 2024, adding over $100 million in contracts. The high-tech team is growing as well, doubling in one year to over 150 employees.
The four-year old company collected $89.5 million in new funds, with $44.5 million in equity and $45 million in credit facilities. The round follows August 2024's $56 million cash haul. Congruent Venture led the investor syndicate, along with Activate Capital, Acme Capital, Costanoa Ventures, Radical Ventures and ArcTern Ventures. Congruent Managing Partner Joshua Posamentier touted the installment, saying, "Muon is building the high-performance scale solution the space industry has been missing."
