Varda Space Industries
Varda Space Industries builds commercial space factories to manufacture high-value products like pharmaceuticals in microgravity for use on Earth.
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Company Description
Varda Space Industries is developing the world's first commercial factories designed for manufacturing products in microgravity for use on Earth. The company's primary focus is on high-value pharmaceuticals that can be produced more effectively in a zero-gravity environment. For example, Varda launched its first space factory in June 2023 to produce the HIV drug ritonavir. In addition to its commercial pharmaceutical work, the company has a secondary business line providing its reentry capsules for government applications, such as hypersonic vehicle testing. Founded in 2020 by William Bruey and Delian Asparouhov, Varda was established to build the infrastructure for an in-orbit economy, capitalizing on the reduced cost of accessing space.
The company has shown significant early progress through key contracts and technology demonstrations. In January 2023, Varda secured a $60 million contract with the U.S. Air Force, highlighting the dual-use potential of its reentry vehicle technology. The company also recently collaborated with LeoLabs and Anduril Industries to track the hypersonic reentry of one of its capsules, a demonstration that gained media attention. Central to Varda's strategy is its W-Series vehicle, an all-in-one satellite and reentry system built specifically for returning materials from orbit. By eliminating the need for costly life support systems required for human spaceflight, Varda aims to make in-space manufacturing an economically viable reality and accelerate innovation for industries on Earth.
- General Catalyst
- Khosla
- Founders Fund
- Lux Capital
- Caffeinated Capital
- Peter Thiel
- Co-Founder, CEO Will Bruey
- Co-Founder, Delian Asparouhov
- Co-Founder, Trae Stephens
- Co-Founder, Daniel Marshall
Peer Group Comparison
Vs Peer Group of >$4B Startups
How Varda Space Industries measures Up
To help you manage your Varda Space Industries equity, Prospect has run the company through our machine learning model.
Prospect Rating
5x
Our 5x rating projects that Varda Space Industries could be worth at least five times its current valuation within the next four years. For an employee with equity, this suggests the stock you receive could see a fivefold increase in value if the company meets this projection.
Exit Risk
Moderate Risk
Our moderate risk rating for Varda Space Industries reflects that while the company is backed by top investors, it faces significant execution risks—including potential regulatory delays and uncertainty around market adoption for its space-manufacturing platform—which creates a moderate likelihood it may not reach a liquidity event.
Funding Stage
Series C
Since Varda is at the Series C stage, it's more established than a brand-new startup, which can mean more job security and clearer roles for you. This is often a great time to join, as you get the excitement of a growing company with a bit less of the early-stage risk.
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Varda Space Industries worth joining?
Varda Space Industries shows significant potential with its mission to build commercial space factories, experienced leadership from SpaceX, and substantial funding. To determine if it's the right fit for you, platforms like Prospect can help you evaluate a potential equity offer and make an informed career decision.
What should I do with my Varda Space Industries stock?
Deciding what to do with private company stock involves complex tax and timing considerations that depend on your personal financial goals. Tools from Prospect can help you model different scenarios and create a strategy to optimize the value of your equity.
Can you sell Varda Space Industries stock?
As Varda is a private company, its stock is not traded on public exchanges, but it can sometimes be sold through secondary markets, subject to company approval. Platforms like Prospect offer resources to help you understand secondary market pricing and navigate the selling process.
How can I find the value of my Varda Space Industries stock?
The value of private stock is typically determined by a 409A valuation or the price per share set during the company's most recent funding round. You can use Prospect to get independent projections on what your equity is likely worth based on comprehensive market data.
What is Varda Space Industries's equity worth?
Varda Space Industries has a latest valuation between $500 million and $1 billion. The company is at a Series B stage and has raised between $100 million and $200 million in total funding.
What is Varda Space Industries's stock ticker symbol?
Varda Space Industries is a privately held company and does not have a stock ticker symbol. Ticker symbols are only assigned to companies when they become publicly traded on a stock exchange.
Can I buy or sell Varda Space Industries stock?
Since Varda is a private company, its stock cannot be bought or sold on public stock exchanges, and employee sales are often restricted. Opportunities to sell may occur through secondary markets or company-approved liquidity events, and Prospect provides tools to help navigate these situations.
What is the criteria to buy or invest in Varda Space Industries stock?
Investing in a private company like Varda is generally restricted to accredited investors participating in specific funding rounds. For most individuals, the primary way to acquire equity is by becoming an employee and receiving it as part of their compensation package.
