Capella Space Stock

capellaspace.comIndustrial / Aerospace & DefenseFounded: 2016Funding to Date: $298.19MM

Capella Space was founded as the first U.S. company to commercialize SAR (Synthetic Aperture Radar) technology. Founded in 2016, Capella Space aims to have a richer understanding of our planet in entirely new and powerful ways. The company saw an opportunity to use SAR technology to monitor the Earth, including the 75% that is either covered in the darkness of night or obscured by clouds. Today, the company is building the next generation of SAR sensors to develop a constellation of SAR satellites seeking to improve decisions about commerce, conservation, and security on Earth.

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Management Team

Payam Banazadeh
Founder & Chief Executive Officer
Chad Cohen
Chief Financial Officer & Chief Operating Officer
Christian Lenz
Chief Technical Officer
Paul Stephen
Chief Information and Security Officer

Board Members

Sri Rajan
Cota Capital
Matt Ocko

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News Highlights

Capella Space co-founder steps down as CEO
Capella Space co-founder Payam Banazadeh has stepped down as CEO, being replaced by Frank Backes, senior vice president at Kratos Defense and Security Solutions. The leadership change is part of the company's efforts to expand its business in high-resolution synthetic aperture radar (SAR) imagery. The company is focusing on growing its government customer base, including national security and intelligence.
Scaling—and funding—next-gen satellites for the coming commercial boom
Capella Space, the first US company to develop high-resolution SAR technology for government and defense clients, has seen an increase in commercial clients using its data. The company has raised $157 million in the past year, which it is using to expand its satellite constellation and talent pool, and develop strategic partnerships and new technologies. Capella's founder, Payam Banazadeh, expects commercial markets to eventually exceed government demand for its services.
Updated on: Apr 17, 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.