Observable Space Secures $90 Million Series A Investment Led By Lux Capital

Observable Space, the combined entity formed from the merger of PlaneWave Instruments and OurSky, has successfully raised $90 million in a Series A funding round. The investment was led by Lux Capital, with additional participation from Upfront Ventures, Detroit Venture Partners, Island Green Capital, RTX Ventures, BRV Capital, and Fathom Fund. Concurrently, the company secured a $94 million contract with the U.S. Space Force to enhance its optical sensing and laser communications systems.

Summary of transaction details:

• Deal Type: Series A
• Transaction Amount: $90,000,000
• Headquarters: Los Angeles, California
• Founders: Dan Roelker & Rick Hedrick
• Notable Investors: Lux Capital, Upfront Ventures, Detroit Venture Partners, Island Green Capital, RTX Ventures, BRV Capital, Fathom Fund

Observable Space was established in February 2025 through the merger of two companies: OurSky, founded by Dan Roelker, who previously served as Vice President for software engineering at SpaceX, and PlaneWave Instruments, led by telescope designer Rick Hedrick. The newly formed company aims to grow internationally and enhance production of laser communications terminals and software-defined telescopes intended for real-time global satellite observation.