Muon Space will develop and deliver three next-generation satellites to further SNC’s Vindlér constellation. Photo: Muon Space

Satellite manufacturer and operator Muon Space raised a $56.7 million Series B funding round, led by Activate Capital. Muon Space announced the round on Monday, which also included Acme Capital and existing investors Costanoa Ventures, Radical Ventures, and Congruent Ventures. 

Muon Space is an end-to-end space systems provider that designs, manufactures and operates remote sensing satellites. The company plans to use the funds to scale its Halo satellite technology, grow operations, and expand its product offerings. 

Muon Space reports it secured more than $100 million in committed customer contracts in 2024 for its Halo Low-Earth Orbit (LEO) satellites. This includes a new deal with Sierra Nevada Corporation (SNC) to develop three satellites for radio frequency (RF) data collection. The satellites are set to launch in 2025. 

“Our mission at Muon Space is to harness the power of space to deliver critical insights and data that drive meaningful change on Earth,” said Jonny Dyer, CEO of Muon Space. “This funding and our growing list of top-tier strategic partners, like SNC, position us to accelerate our mission and make space-based intelligence accessible and impactful across a variety of sectors.” 

Another mission Muon Space is working on is the FireSat Constellation along with the Earth Fire Alliance. Muon Space appeared on a recent episode of the On Orbit podcast about how the constellation is bringing together NGOs, philanthropy, and satellite tech to change wildfire response.