Astranis Stock

astranis.comTechnology Hardware / Communications equipmentFounded: 2016Funding to Date: $644.8MM

Astranis is a developer of small, low-cost telecommunications satellites designed to connect the four billion people who currently do not have access to the internet. Each spacecraft operates from geostationary orbit (GEO) with a next-generation design of only 350 kg, utilizing a proprietary software-defined radio payload.

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No, Astranis’ is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.

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News Highlights

A promising Internet satellite is rendered useless by power supply issues

Astranis, a company aiming to provide internet connectivity from geostationary space, has experienced a setback with its Arcturus satellite due to a power supply issue. The company has identified the problem and plans to fix it for future spacecraft. The mission to provide internet connectivity in Alaska will be delayed, but Astranis is working on a backup plan involving a multipurpose satellite called UtilitySat.

Astranis to bring satellite internet to 2 million people in the Philippines next year

Astranis, a San Francisco-based satellite internet company, has signed a deal to provide dedicated service to the Philippines, marking a first for the country. The company plans to connect up to 2 million people to broadband internet, with a focus on hospitals, schools, and other enterprises. The satellite providing this service is set to launch in 2024.

Debut Astranis satellite beams first signals to Alaska

Astranis' debut satellite has successfully reached geostationary orbit over Alaska and completed a key payload test. The Arcturus satellite, which was launched as a secondary payload to the ViaSat-3 spacecraft, has connected to a gateway in Utah and beamed its first signals to remote user terminals in Alaska. The satellite is expected to be put into service for Pacific Dataport Inc. by mid-June. Astranis has also secured capacity deals for nine other satellites set for deployment over the next two years.
Updated on: Jul 23, 2024


Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.