Booz Allen Hamilton Venture-Capital Arm Invests in Starfish Space

Dow Jones11-14

By Dean Seal

Booz Allen Hamilton said it has made a strategic investment in satellite servicer Starfish Space.

Technology-consulting and engineering-services company Booz Allen said Wednesday that this is the third space-focused investment from its venture-capital arm, Booz Allen Ventures. The firm invested in Albedo Space and Quindar earlier this year.

Booz Allen didn't say how much it has invested in Starfish. The backing is aimed at strengthening space infrastructure for both government and commercial missions, Booz Allen said.

Starfish was founded by former engineers from Blue Origin and NASA and recently secured a $37.5 million contract with the U.S. Space Force.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

November 13, 2024 13:21 ET (18:21 GMT)

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