On July 24, 2024, San Francisco-based Astranis, a leader in developing and operating low-cost telecommunication satellites, announced the successful completion of a $200 million Series D funding round led by long-time investor a16z Growth Fund and co-led by BAM Elevate, a growth-stage investor backed by investment firm Balyasny Asset Management, with participation from BlackRock, Fidelity, and Baillie Gifford. This transaction brings the company's total capital raised to $750 million. Wilson Sonsini Goodrich & Rosati advised Astranis on the transaction.

The Wilson Sonsini team that advised Astranis on the transaction includes:

Corporate
Rezwan Pavri
Colin Conklin
Richa Sharma
Gloria Liang
Isaac Reed

National Security
Seth Cowell

Antitrust
Kimberley Biagioli

For more information, please see Astranis' announcement. Additional coverage can be found on TechCrunch and SpaceNews.