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Varda raises $250 million at $1.6 billion valuation to scale orbital drug manufacturing

The round brings Varda's total funding to $598 million as it expands microgravity missions for pharmaceutical production and Pentagon research payloads.

WASHINGTON, Sept 30 : In-space manufacturing startup Varda Space has raised $250 million in a Series D round at a $1.6 billion valuation, the company told Reuters, as it ramps up missions to produce pharmaceuticals in microgravity.El Segundo-based Varda is one of a handful of US companies building a fleet of

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WTVB broke the news on Wednesday, September 30, 2026.
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