Varda

Designing and building the infrastructure needed to make manufacturing in low Earth orbit accessible to industry.

In the news

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.

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.