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With Varda Space, leading Silicon Valley players make big bet on making drugs in space

Pharmaceutical scientists come up against a hard limitations here on Earth: gravity. Varda Space wants to change that. The company has raised a massive new round to turn space into the “ultimate high ground” for the production of critical pharmaceutical components that can be brought back to Earth and used to make finished drugs. The company’s $187 million Series C funding round announced Thursday will be used to build out a new laboratory facility that could transform Varda’s orbital manufact

Investors appear to like a company with big space manufacturing ambitions

After flying three missions into low-Earth orbit this year, Varda Space Industries appears to be making credible progress toward developing the nascent manufacturing-in-space industry. Investors seem to think the same, as the California-based company announced an impressive $187 million Series C round of funding on Thursday. This brings the company's total amount of money raised since its founding in 2021 to $325 million. "A decent chunk of the capital is going to go toward scaling up our prod