Varda Space Industries is pioneering in-space manufacturing, using microgravity to produce pharmaceutical compounds and advanced materials that cannot be made on Earth. The company successfully returned its first re-entry capsule in 2024 carrying drug crystals grown in orbit, proving the commercial viability of space-based manufacturing.
| Round | Amount | Valuation | Lead Investors | Date |
|---|---|---|---|---|
| Series B | $90M | $1.8B | Khosla Ventures, Caffeinated Capital | Nov 1, 2024 |