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.
The fundraising comes at a crucial time for Varda, which is preparing to send its first spacecraft to orbit. The startup has ambitions to operate multiple autonomous “space factories” on orbit capable of manufacturing sensitive materials that can only be produced in a zero-G envir

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