Star Catcher Industries Inc, a start-up focused on creating a space-based energy grid, has officially launched with a seed funding round totaling $12.25 million. The financing will support the company's efforts to develop the Star Catcher Network, an initiative aimed at providing on-demand power to satellites and spacecraft in Low Earth Orbit (LEO) and beyond.
The US-based firm plans to build the world's first space-based energy grid to support existing solar arrays and other spacecraft. With the LEO expected to host over 40,000 satellites by 2030, Star Catcher estimates that approximately 840 megawatts (MW) of power generation will be required to operate these systems. The company's power beaming technology is envisioned as a key solution to meet this growing demand.
Star Catcher has reported notable technical progress and early success, having secured more than six letters of intent (LoIs) from commercial space companies.
The seed funding round was co-led by Initialized Capital and B Capital, with additional participation from Rogue VC. The funds will be used to advance the company's technology and demonstrate its capabilities, starting with ground-based tests and moving towards an on-orbit demonstration planned for late 2025.
