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Astranis was founded in 2015 by John Gedmark and Ryan McLinko. In 2021, Gedmark told reporters that an IPO is likely in the company's future, though Astranis remains private as of June 2023.
Astranis is an internet satellite manufacturer and operator. In May 2023, the company reported that its first satellite—the "Arcturus"—is in orbit and fully functional. Astranis has raised more than $350 million in venture capital funding from investors including BlackRock, Baillie Gifford, Fidelity Management, Koch Strategic Platforms, Monashee Investment Management, Andreessen Horowitz, and Venrock. The company announced a $1.4 billion valuation following a $250 million fundraising round in 2021.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Astranis does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Astranis will be known as it becomes public. Here are similar public companies: Hewlett Packard (NYS: HPE), Nvidia (NAS: NVDA), Dell Technologies (NYS: DELL), Sony (NYS: SONY), IBM (NYS: IBM).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 4/17/2023 | Series C Prime, C Prime-1 and C Prime-2 | $101MM raised | $XXX.XX | $XXX.XX |
| 4/14/2021 | Series C, C-1, C-2, C-3 and C-4 | $281.32MM raised | $XXX.XX | $XXX.XX |
| 2/13/2020 | Series B and B-1 | $42.94MM raised | $XXX.XX | $XXX.XX |
| 3/1/2018 | Series A | $17.84MM raised | $XXX.XX | $XXX.XX |
| 4/22/2016 | Series SAFE-1 and SAFE-2 | $200K raised | $XXX.XX | $XXX.XX |
Astranis is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Astranis pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Astranis is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
