Observable Space Closes $90M Series A, Wins Space Force Deal

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Observable Space has closed a $90 million Series A round led by Lux Capital, with co-leads Upfront Ventures, Detroit Venture Partners, Island Green Capital, and RTX Ventures. BRV Capital, Fathom Fund, and Venrex also took part. The announcement came on May 28, 2026.

The company plans to use the new capital to accelerate its laser communications partnerships, scale its in-space systems, and grow its international operations.

Observable Space was formed in February 2025, when telescope maker PlaneWave Instruments merged with OurSky, a space-data-application company. The combination created a vertically integrated business that pairs hardware and software to give operators real-time insight into what is happening in orbit.

Alongside the raise, the company secured an indefinite-delivery, indefinite-quantity contract from the Space Force with a maximum value of $94 million for optical systems. The Space Force is funding $22 million in initial task orders under that agreement.