Varda Space raises $250M at $1.6B valuation

Varda Space Industries closed a $250M Series D, bringing total capital raised to $598 million at a $1.6 billion valuation. The company processes materials in orbit and returns them to Earth; the funds will go toward more vehicles and pharmaceutical partnerships.

• Series D round totaled $250 million
• Total capital raised reached $598 million
• Company valued at $1.6 billion
• Goal is the first medicine manufactured in space