Industry
Aerospace and Defence companies
VCMC tracks 6,926 companies in Aerospace and Defence. 382 of them have raised a venture or growth round, $71.62B in total, with a median round of $15M; 292 raised since 2024. 378 of the 382 have a VCMC valuation; the median is $98.5M.
6,926
companies tracked
382
venture-backed
6% of those tracked
$71.62B
raised in total
by 361 companies
$15M
median round
of 645 rounds with an amount
$98.5M
median valuation
of 378 companies valued
Values cover private companies only; public companies are not included.
By their latest round, most are at Seed (114 of 382).
- Pre-seed 49
- Seed 114
- Series A 83
- Series B 56
- Series C and later 78
- Stage not stated 2
The companies
Aerospace and Defence companies
The 50 venture-backed companies below are this page's list; Anduril has raised the most ($11.27B).
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Anduril Costa Mesa, United States | Series H May 2026 $5.00B | $68.6B | $53.0B – $91.2B | $79.3B (+16%) | $8.7B | 0% | 9,860 | growing | A | |
| 2 | Blue Origin Kent, United States | Growth Equity Jul 2026 $10.00B | $134.4B | $113.0B – $167.4B | $145.5B (+8%) | $13.1B | 0% | 12,826 | up | A | |
| 3 | Helsing Munich, Germany | Series E Jul 2026 $1.80B | $19.5B | $15.6B – $27.5B | $23.9B (+23%) | $2.9B | 0% | 895 | growing | A | |
| 4 | Shield AI Arlington, United States | Series G Mar 2026 $1.50B | $6.1B | $3.9B – $9.9B | $6.5B (+7%) | $583M | 0% | 1,940 | growing | B | |
| 5 | Saronic Technologies Austin, United States | Series D Mar 2026 $1.75B | $11.1B | $8.0B – $14.7B | $12.8B (+15%) | $1.4B | 0% | 1,363 | growing | B | |
| 6 | Relativity Space Long Beach, United States | Series F Nov 2023 $1.05B | $19.0B | $10.6B – $26.9B | $15.4B (-19%) | $2.1B | 0% | 1,991 | growing | B | |
| 7 | Sierra Space Louisville, United States | Series C Mar 2026 $550M | $8.4B | $7.0B – $9.9B | $7.7B (-9%) | $1.2B | 73% | 1,356 | down | A | |
| 8 | Stoke Space Kent, United States | Series E Sep 2026 $1.00B | $10.3B | $8.7B – $15.0B | $13.1B (+26%) | $1.4B | 0% | 441 | growing | A | |
| 9 | Hadrian Torrance, United States | Series D Aug 2026 $1.37B | $8.3B | $6.8B – $11.8B | $10.2B (+23%) | $1.1B | 0% | 269 | flat | A | |
| 10 | Quantum Systems Gilching, Germany | Series D Jul 2026 $1.20B | $8.8B | $7.0B – $12.5B | $10.9B (+24%) | $1.3B | 0% | 740 | growing | A | |
| 11 | Axiom Space Houston, United States | Growth Equity Jun 2026 $525M | $4.7B | $3.3B – $6.9B | $4.5B (-5%) | $460M | 58% | 795 | flat | B | |
| 12 | Castelion Torrance, United States | Series C Aug 2026 $1.00B | $13.6B | $11.3B – $19.4B | $16.9B (+24%) | $1.9B | 0% | 254 | growing | A | |
| 13 | ICEYE Espoo, Finland | Series F Jun 2026 $520M | $12.8B | $10.0B – $17.6B | $15.3B (+19%) | $1.8B | 0% | 1,128 | growing | A | |
| 14 | Sierra Nevada Corporation Sparks, United States | Series A Mar 2022 $1.40B | $7.0B | $767M – $9.0B | $6.7B (-3%) | $1.2B | 7% | 5,284 | up | D | |
| 15 | Astranis San Francisco, United States | Series E May 2026 $300M | $3.2B | $2.4B – $4.3B | $3.7B (+16%) | $410M | 0% | 563 | up | A | |
| 16 | Isar Aerospace Ottobrunn, Germany | Grant Aug 2026 $230M | $2.6B | $2.0B – $3.5B | $3.1B (+19%) | $366M | 0% | 513 | up | A | |
| 17 | True Anomaly Centennial, United States | Series D Apr 2026 $650M | $2.6B | $1.9B – $3.6B | $3.1B (+20%) | $345M | 0% | 502 | growing | B | |
| 18 | Impulse Space Redondo Beach, United States | Series D Jun 2026 $500M | $4.9B | $3.7B – $6.9B | $6.0B (+23%) | $664M | 0% | 554 | growing | B | |
| 19 | Performance Drone Works Huntsville, United States | Debt Jul 2026 $820M | $1.0B | $529M – $1.8B | $1.2B (+20%) | $133M | 0% | 394 | growing | C | |
| 20 | K2 Space Torrance, United States | Series D Jul 2026 $500M | $7.2B | $5.9B – $10.2B | $8.8B (+22%) | $972M | 0% | 332 | growing | A | |
| 21 | CHAOS Industries Los Angeles, United States | Series D Nov 2025 $510M | $6.9B | $3.9B – $8.1B | $7.1B (+3%) | $778M | 0% | 334 | growing | B | |
| 22 | Apex Los Angeles, United States | Growth Equity Jun 2026 $200M | $2.4B | $2.0B – $3.1B | $2.7B (+10%) | $243M | 0% | 455 | growing | A | |
| 23 | The Exploration Company Planegg, Germany | Series C Sep 2026 $450M | $3.3B | $2.2B – $5.9B | $4.1B (+26%) | $496M | 0% | 530 | growing | B | |
| 24 | Forterra Clarksburg, United States | Series C Nov 2025 $238M | $1.4B | $869M – $1.6B | $1.4B (+2%) | $154M | 0% | 631 | growing | B | |
| 25 | Varda Space Industries El Segundo, United States | Series D Sep 2026 $251M | $1.6B | $1.4B – $2.4B | $2.1B (+28%) | $229M | 0% | 276 | growing | A | |
| 26 | Epirus Torrance, United States | Series D Mar 2025 $250M | $4.1B | $1.9B – $6.3B | $4.1B (-1%) | $458M | 3% | 250 | up | B | |
| 27 | Vast Long Beach, United States | Series A Mar 2026 $500M | $4.1B | $1.9B – $7.8B | $5.1B (+25%) | $717M | 0% | 1,174 | up | C | |
| 28 | Mach Industries Huntington Beach, United States | Series C Jun 2026 $300M | $2.1B | $1.6B – $2.9B | $2.5B (+22%) | $276M | 0% | 369 | growing | B | |
| 29 | Indra Group Alcobendas, Spain | Growth Equity Jul 2025 $450M | $4.5B | $2.6B – $7.4B | $3.6B (-21%) | $500M | 59% | 39,771 | flat | B | |
| 30 | Muon Space Mountain View, United States | Series C Aug 2026 $250M | $1.6B | $1.3B – $2.3B | $2.0B (+26%) | $218M | 0% | 330 | growing | A | |
| 31 | Vale of White Horse, United Kingdom | Growth Equity Sep 2026 $350M | $2.0B | $1.7B – $2.5B | $2.2B (+9%) | $216M | 0% | 302 | growing | A | |
| 32 | Sofia, Bulgaria | Growth Equity Sep 2026 $205M | $1.5B | $1.1B – $2.3B | $1.7B (+9%) | $162M | 0% | 301 | growing | B | |
| 33 | Taiki, Japan | Series F Jan 2026 $130M | $1.8B | $1.0B – $2.7B | $1.9B (+7%) | $238M | 0% | 70 | up | B | |
| 34 | Mont-Saint-Guibert, Belgium | Series B Aug 2025 $110M | $1.1B | $516M – $1.7B | $1.1B (-2%) | $139M | 8% | 377 | growing | C | |
| 35 | London, United Kingdom | Growth Equity Feb 2026 $41M | $322M | $219M – $467M | $298M (-7%) | $33.5M | 41% | 45 | flat | B | |
| 36 | Abuja, Nigeria | Seed Aug 2026 $52M | $323M | $187M – $865M | $568M (+76%) | $125M | 0% | 32 | growing | C | |
| 37 | Aalborg Municipality, Denmark | Other Mar 2025 $19M | $277M | $20.5M – $529M | $274M (-1%) | $36.0M | 0% | 272 | up | D | |
| 38 | Berlin, Germany | Growth Equity Aug 2025 $62M | $742M | $451M – $854M | $742M (0%) | $72.8M | 0% | 176 | growing | B | |
| 39 | Massy, France | Series B Jul 2023 $58M | $615M | $110M – $873M | $596M (-3%) | $74.5M | 0% | 214 | up | D | |
| 40 | Berlin, Germany | Series A Nov 2025 $58M | $553M | $221M – $800M | $564M (+2%) | $86.1M | 0% | 120 | growing | C | |
| 41 | Reid, Australia | Growth Equity Oct 2023 $63M | $430M | $103M – $1.0B | $364M (-15%) | $73.2M | 30% | 50 | flat | D | |
| 42 | Alta Ares Paris, France | Series A Jun 2026 $58M | $229M | $138M – $501M | $353M (+54%) | $53.9M | 0% | 101 | growing | C | |
| 43 | Yantai, China | Series A May 2022 $60M | $521M | $24.3M – $793M | $521M (0%) | $83.9M | 0% | 3 | unknown | D | |
| 44 | Saskatoon, Canada | Seed Mar 2026 $50M | $1.6B | $869M – $2.3B | $2.0B (+29%) | $360M | 0% | 8 | unknown | B | |
| 45 | Sendai, Japan | Series B Jun 2026 $40M | $240M | $151M – $458M | $322M (+34%) | $40.8M | 0% | 45 | growing | B | |
| 46 | ATMOS Space Cargo Lichtenau, Germany | Series A Apr 2026 $30M | $165M | $89.0M – $323M | $227M (+38%) | $34.7M | 0% | 105 | growing | C | |
| 47 | ClearSpace Luxembourg, Luxembourg | Series A Jan 2023 $29M | $231M | $16.1M – $411M | $231M (0%) | $41.3M | 0% | 95 | unknown | D | |
| 48 | Orqa Osijek, Croatia | Series A Mar 2026 $15M | $113M | $56.3M – $204M | $144M (+27%) | $22.0M | 0% | 174 | growing | C | |
| 49 | Auriga Garden Grove, United States | Seed Jul 2025 $6.0M | $83.0M | $24.7M – $126M | $83.0M (0%) | $14.9M | 0% | 26 | up | C | |
| 50 | Kurs Orbital Turin, Italy | Seed Mar 2024 $4.0M | $56.8M | $7.52M – $90.1M | $45.3M (-20%) | $12.0M | 5% | 30 | flat | D |
Showing 50 of 6,926. Load more lists every other company here, 50 at a time.
Valuations
How these companies are valued
378 of the 382 venture-backed companies here have a VCMC valuation; the median is $98.5M. A company acquired after its last round keeps its last value as a private company and is left out of the median. 52 companies have disclosed a valuation; for the rest VCMC's valuation is the only number. Each valuation comes with a range, from a low to a high scenario, and a prediction for a year from now. Values cover private companies only; public companies are not included. How VCMC values companies.
Investors
Who backs them
Firms that backed two or more of these companies. Y Combinator backed 18, Seraphim Space 14.
- Y Combinator 18 companies, led 1
- 14 companies, led 3
- Lux Capital 14 companies, led 2
- General Catalyst 13 companies, led 5
- 13 companies, led 3
- 13 companies, led 3
- Gaingels 13 companies
- Andreessen Horowitz 12 companies, led 8
- 8VC 12 companies, led 7
- 11 companies, led 4
- Alumni Ventures 11 companies
- Lockheed Martin Ventures 10 companies, led 2
Recent rounds
Latest funding
165 rounds from Oct 2025 to Sep 2026, $38.61B with a disclosed amount.
- Varda Space Industries Series D, with Lux Capital and Natural Capital $251M 30 Sep 2026
- Growth, with NatWest and UK Export Finance $41M 24 Sep 2026
- Growth, with Riot Ventures and Atreides Management $205M 16 Sep 2026
- Growth, led by Lightrock $350M 14 Sep 2026
- Stoke Space Series E, with Point72 Ventures and Spark Capital $1.00B 8 Sep 2026
- The Exploration Company Series C, led by Bessemer Venture Partners and Atomico $450M 8 Sep 2026
- Series C, with Temasek and Seraphim Space $100M 7 Sep 2026
- Seed $1.0M 4 Sep 2026
- Series B, with Riverwalk Holdings $4.8M 3 Sep 2026
- Seed, led by Uni.Fund II amount not disclosed 3 Sep 2026
- Growth, led by JFB Construction Holdings $110M 3 Sep 2026
- Series A, with OMVP and Join Capital $58M 2 Sep 2026
Browse
Related groups
Aerospace and Defence by country
Other industries
Questions
Frequently asked
How many aerospace and Defence companies does VCMC track?
6,926. 382 of them have raised a venture or growth round.
How much have aerospace and Defence companies raised?
$71.62B in total across the 361 with a known amount; the median round is $15M. 292 raised a round since 2024.
Which aerospace and Defence companies have raised the most?
Anduril ($11.27B), Blue Origin ($10.00B), Helsing ($3.20B).
Which investors back aerospace and Defence companies most often?
Y Combinator (18 companies), Seraphim Space (14 companies), Lux Capital (14 companies).
What are aerospace and Defence companies worth?
The median VCMC valuation is $98.5M across 378 companies; companies acquired after their last round are left out. Values cover private companies only; public companies are not included.
What was the latest funding round?
Varda Space Industries raised a Series D round of $251M (Sep 2026), with Lux Capital and Natural Capital.