VC investment supports resilience and
sustainability of space infrastructure
Booz Allen Hamilton (NYSE: BAH) today announced that its
corporate venture capital arm, Booz Allen Ventures, LLC, has made a
strategic investment in Starfish Space, an emerging leader in
satellite servicing, inclusive of satellite life extension and
end-of-life disposal. This investment aims to strengthen the
resilience and sustainability of space infrastructure through
innovative offerings for both government and commercial mission
sets. This is the third space-focused investment by Booz Allen
Ventures and reflects the growing criticality and varied mission
needs of the space domain.
“As dynamic space operations become increasingly critical to the
Department of Defense, NASA, the intelligence community, as well as
commercial entities, advancements in satellite servicing and
orbital logistics are imperative to safeguarding space assets and
enabling long-term mission success,” said Chris Bogdan, executive
vice president at Booz Allen and leader of the firm’s space
business. “Continued strategic investments in companies like
Starfish Space are critical to help drive the development of vital
technologies for sustainable operations and strengthen the nation's
ability to navigate and secure an increasingly congested space
environment."
Founded by former engineers from Blue Origin and NASA, Starfish
Space specializes in on-orbit satellite servicing with a focus on
satellite life extension and end-of-life disposal. The company’s
first-of-its-kind autonomous satellite servicing vehicle, Otter,
can provide scalable and customizable options for managing
satellites and maintaining critical infrastructure, ensuring
viability in increasingly congested orbital paths. Most recently,
Starfish Space executed its Otter Pup demonstration mission,
secured a $37.5 million Strategic Funding Increase contract
(STRATFI) with the U.S. Space Force, signed a contract with
Intelsat for a life extension mission, and partnered with NASA for
a debris inspection mission in low Earth orbit.
“Booz Allen’s investment will help us accelerate towards the
launch of the first Otters, changing the paradigm of how humanity
operates in orbit,” said Austin Link, co-founder and CEO of
Starfish Space. “We look forward to working with Booz Allen to
address the pressing needs of space operators, supporting life
extension safe disposal, and many missions beyond.”
Previous space-focused investments by Booz Allen Ventures
include Albedo and Quindar earlier this year, with Starfish Space
marking the 11th overall investment since the fund’s inception in
2022. These efforts reflect Booz Allen’s continued commitment to
fostering innovation in automation, operational efficiency, and
decision-making in space operations through the use of AI and data
analytics to meet mission needs for clients and the industry.
“With commercial and government demand accelerating for flexible
in-orbit servicing, it’s clear that new capabilities are essential
for safe space operations,” said Alex Bock, Booz Allen Ventures.
“Starfish Space’s innovative approach will be a key enabler, and we
look forward to partnering with them to shape the future of
in-space servicing.”
Since launching, Booz Allen’s $100 million corporate venture
capital arm has made strategic investments in early-stage companies
developing dual-use commercial technologies, including Latent AI,
RAIC Labs (Synthetaic), Reveal Technology, Credo AI, Hidden Level,
Shift5, Hidden Layer, and Second Front (2F).
Read more about Booz Allen Ventures and the firm’s space
solutions and capabilities.
About Booz Allen Hamilton
Trusted to transform missions with the power of tomorrow’s
technologies, Booz Allen Hamilton advances the nation’s most
critical civil, defense, and national security priorities. We lead,
invest, and invent where it’s needed most—at the forefront of
complex missions, using innovation to define the future. We combine
our in-depth expertise in AI and cybersecurity with leading-edge
technology and engineering practices to deliver impactful
solutions. Combining 110 years of strategic consulting expertise
with the perspectives of diverse talent, we ensure results by
integrating technology with an enduring focus on our clients. We’re
first to the future—moving missions forward to realize our purpose:
Empower People to Change the World®.
With global headquarters in McLean, Virginia, our firm employs
approximately 35,800 people globally as of September 30, 2024, and
had revenue of $10.7 billion for the 12 months ended March 31,
2024. To learn more, visit www.boozallen.com. (NYSE: BAH)
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Media Relations: Amanda Allison-Martini, Allison_Amanda@bah.com
Investor Relations: Investor_Relations@bah.com
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