To get in touch about this data, contact me on LinkedIn: https://linkedin.com/in/connorsattely
September saw a bounce back for the global space tech VC industry, with over $1.5b invested in 39 deals.
China’s dominance in the leaderboard returned this month with three of the top four investments being megarounds for Chinese startups: Beijing Galaxy Power Aerospace Technology ($337m Series D), Geespace ($281m Series C), and Beijing Interstallar Glory Space Technology ($98m Series D+) led the way, joined by the USA’s Apex ($200m Series D) to round out the top 4.
New Zealand’s Starboard Maritime Intelligence put New Zealand on the global map for spacetech VC funding for 2025, raising $13m in a Series A to scale its AI-powered platform for maritime intelligence. That’s the first investment for the New Zealand spacetech ecosystem since Zenno’s November 2024 fundraise.
At $1.5b, September is by far the highest volume month of the year, putting 2025 solidly on track to exceed 2024’s total.
All deals in September 2025, by $ (descending)
- Beijing Galaxy Power Aerospace Technology (China) – launch – raised RMB2.4b.
- Geespace (China) – satellite IoT connectivity and cloud platforms – raised RMB2b.
- Apex (USA) – mass-produced configurable satellite platforms – raised $200m.
- Beijing Interstallar Glory Space Technology (China) – launch vehicles – raised RMB700m.
- Hubble Network (USA) – low-power Bluetooth-to-satellite IoT connectivity – raised $70m.
- Cailabs (France) – photonics for space, defence, telecoms, industry – raised €57m.
- Firehawk Aerospace (USA) – 3D‑printed propellant and rocket motors – raised $60m.
- ReOrbit (Finland) – software-driven satellites and constellation platforms – raised €45m.
- ANYbotics (Switzerland) – mobile autonomous robotics for industry – raised $50m.
- RobCo (Germany) – flexible robot kits for SME automation – raised €39m.
- GHGSat (Canada) – emissions monitoring by satellite – raised CAD47m.
- Space Cargo Unlimited (Luxembourg) – orbital labs for manufacturing- raised €27.5m.
- Commcrete (Israel) – satellite comms in palm-sized hardware – raised $29m.
- Helium Star Lightlink (China) – data transmission via satellite laser- raised RMB200m.
- Oxford Space Systems (UK) – deployable antennas for satellites – raised £20m.
- Fernride (Germany) – Dual-use autonomous logistics – raised €18m.
- K2 Space (USA) -high-performance satellite buses for LEO and GEO – raised $15m.
- Starboard Maritime Intelligence (New Zealand) – maritime intelligence – raised NZ$23m.
- Nofence (Norway) – virtual GPS-based livestock fencing hardware – raised $12m.
- Kreios Space (Spain) – electric propulsion systems for satellites – raised €8m.
- ElevationSpace (Japan) – orbital reentry and retrieval satellites – raised ¥1.1b.
- Galaxeye (India) – earth observation and monitoring payloads – raised $6.5m.
- Icarus (USA) – embodied AI robotics for space cargo logistics – raised $6.1m.
- SpaceFields (India) – propulsion systems, advanced aerospace materials – raised $5m.
- Messium (UK) – quantum-enabled agricultural soil diagnostics – raised £3.3m.
- Cosmoserve Space (India) – autonomous spacecraft for debris removal – raised $3.17m.
- Beijing Traverser Manned Space Technology Co., Ltd. aka Traverser (China) – commercial manned space vehicles and launch services – raised RMB20m.
- Mitigrate (Switzerland) – Climate resilience platform for insurance – raised CHF2m.
- ASTRADYNE (Italy) – ultralight deployable solar panels for satellites – raised €2m.
- Thorium (Poland) – satellite comms hardware – raised PLN7m.
- VyomIC (India) – India’s first global PNT satellite constellation – raised Rs.14 crore.
- Space DOTS (UK) – materials validation, threats detection for satellites – raised $1.5m.
- AkashaLabdhi (India) – expandable space habitats and defense tech – raised $1.2m.
- Regenesome (Japan) – anti-aging therapies for Earth and space – raised ¥130m.
- DeltaOrbit (Portugal) – satellite maneuvering and control tech – raised €0.3m.
The following companies raised undisclosed amounts:
- OKO (Mali) – mobile crop insurance for African farmers
- Star Test Future Technology (Beijing) (China) – satellite payload solutions
- SatRev (Poland) – Satellite imaging and constellation platform
- ReQuTech (Sweden) – SATCOM antennas and integration for industrial/defense clients
Estimating the size of the Spacetech industry:
SpaceWatch.Global estimates that so far in 2025, 263 companies have raised $7.2b. of venture equity funding.
- January: 24 deals, $836m
- February: 21 deals, $620m
- March: 31 deals, $435m
- April: 31 deals, $630m
- May: 30 deals, $744m
- June: 25 deals, $1.16b
- July: 29 deals, $862m
- August: 33 deals, $346m
- September: 39 deals, $1.53b
Benchmarking our estimate:
The Dealroom/ESA Space Tech Dashboard is a great way to benchmark our estimate. Generally, the dashboard has a more expansive definition of spacetech (including, for example, terrestrial drones, ground sensors, or eVTOL vehicles).
Dealroom estimates that in September 2025, 33 space-tech companies raised a total of approx. $1.48b. As of publication, the dashboard also includes 4 additional deals, worth $49m, which we classify as either not space-tech, or not venture capital. The VentureSpace list this month includes three companies not listed on Dealroom’s dashboard at time of publication: Icarus, SpaceFields, and Beijing Traverser Manned Space Technology Co., Ltd.
Get in touch at [email protected] – we are happy to share more about our methodology, who’s included, who’s not, and more information about each investment.
