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Varda Space Industries

El Segundo company that flies small capsules to orbit, processes drug materials in weightlessness, and brings them back to Earth. The same capsules double as a hypersonic test bed for the U.S. military.

Products, by altitude

Low Earth orbit · 160–2,000 km

Edge of space · 80–160 km

Known rounds

DateRoundAmountLed by
Sep 2026Series D$251MLux Capital, Natural Capital⁠1
Jul 2025Series C$187MNatural Capital, Shrug Capital⁠2

Milestones

  • Sep 2026 Varda reported six completed launch-and-reentry missions and more than a dozen launches scheduled through 2028. Company statement⁠1
  • Feb 2024 Varda's first capsule, W-1, landed at the Utah Test and Training Range after about eight months in orbit, carrying ritonavir crystals grown in microgravity. Company statement⁠3

Sources

  1. Los Angeles Business JournalOct 12, 2026
  2. CooleyJul 10, 2025
  3. Space.comFeb 21, 2024

Updated Oct 21, 2026 · How we source facts · Suggest a correction