Varda Space Industries Stock

varda.comIndustrial / ManufacturingFounded: 2020Funding to Date: $139.27MM

Varda Space Industries, founded in 2020, is a space manufacturing company aiming to build a “space factory” that will produce high value products in space and deliver them back to Earth and operate on commercial supply chains. Varda’s goal is to manufacture products that have a higher performance when produced in zero gravity, like fiber optic cables, pharmaceuticals, and semiconductors, aboard an orbital manufacturing platform, and then deliver these products back to Earth via a re-entry capsule.

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Management Team

William Bruey
Chief Executive Officer & Board Member
Delian Asparouhov
Co-Founder, Chairman & President
Sahil Rokade

Board Members

Joshua Wolfe
Lux Capital
Shahin Farshchi
Khosla Ventures
Trae Stephens
Founders Fund

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News Highlights

Varda Space’s orbital drug factory success fuels $90M in new funding

In a series B funding round, Varda Space received $90 million as they plan a regular set of missions and research into pharmaceutical crystal transport.

Why startups are investing millions to make drugs and semiconductors in space

One company is Varda Space Industries in Southern California. Varda’s mission is to help pharmaceutical companies improve their drugs or come up with new drug therapies by taking advantage of the unique properties of space, and then return those materials back to Earth.

Forget space tourism. This company wants to make drug manufacturing the next big extraterrestrial business

One California-based startup, Varda Space Industries, is betting that big business will lie in relatively unassuming satellites that will spend days or months in Earth’s orbit quietly carrying out pharmaceutical development. Its research, company officials hope, could lead to better, more effective drugs — and hefty profits.

Varda Space raising new tranche of funding at $500M post-money valuation

Varda Space Industries, the in-space manufacturing startup that wants to revolutionize the production of pharmaceuticals, semiconductors and more, is in the process of raising $25 million in new capital that would put its valuation at around $500 million after investment, according to documents viewed by TechCrunch.
Updated on: Jul 24, 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.