True Anomaly, a Colorado-based startup building space interceptors for President Donald Trump’s sweeping Golden Dome project, raised $650 million, the company said on Tuesday.
The four-year-old startup is now valued at $2.2 billion and has raised a total of $1 billion. True Anomaly plans to use the capital to scale operations and nearly double its workforce to 500 employees by the end of the year.
“Space is a war-fighting domain, and our adversaries are building space war-fighting capabilities at a scale that we’ve never seen,” CEO Even Rogers told CNBC.
The space race is heating up globally, driven by investor enthusiasm for the long-awaited public market debut of Elon Musk’s SpaceX. Private space companies are also benefitting from heightened interest, with startups Vast and Sierra Space recently closing funding rounds of $500 million or more.
