spacetoday.net: EnduroSat raises $205 million

Posted: Sun, Sep 20, 2026, 6:35 AM ET (1035 GMT)
Bulgarian satellite manufacturer EnduroSat has raised $205 million to ramp up production in Europe and the United States. The company announced Wednesday it closed a funding round led by Riot Ventures and Atreides Management that valued the company at more than $1 billion. The extra funds will help establish a new high-volume manufacturing facility in the United States, where it announced an order from navigation startup TrustPoint last week for 40 low Earth orbit satellites. Also central to the raise are plans announced last month with Bulgaria's government for a space and defense hub at a former military airbase near Sofia featuring a production line designed to produce two 200- to 500-kilogram satellites a day. The company, once known for just cubesats, is looking to move beyond the 500-kilogram class with FRAME Max, designed for spacecraft weighing between one and five tons for orbital computing and other power-intensive applications.