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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Team

Management Team

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

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

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