Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #31

Astranis

Recipient: ASTRANIS SPACE TECHNOLOGIES CORP · UEI L8J4JMAP3496

About $58 raised for every $1 obligated. 87% of it came through prime contracts.

Capital raised
$1.3B
Federal obligations, FY2020–FY2026
$21.9M
Raised per $1 obligated
58.5×
Latest valuation
$2.8B
Series E, May 2026 (source close to deal)

Obligations by fiscal year

$M
2.5 FY20 0 FY21 0.1 FY22 4.7 FY23 3.4 FY24 11.0 FY25 0.1 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$19.0M
Other Transactions
$2.9M
Subawards
$0

Notes

Funding
Includes credit facility

Cite this: Defense Tech Signals, "Capital vs. Contracts: Astranis," data as of 2026-11-08, https://data.defensetechsignals.com/c/astranis/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.