Why 200 VCs Wanted to Invest in a Space Startup?
In December 2024, Lumen Orbit, a startup based in Redmond, Washington, made headlines by securing an $11 million seed round at a $40 million valuation, with interest from over 200 venture capitalists (VCs). This remarkable level of interest in a seed round is a testament to the innovative concept of space-based data centers that Lumen Orbit is pioneering.