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Closing Bell

Manifest Space: True Anomaly’s $260 Millin Series C with CEO Even Rogers 5/1/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 1 May 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

True Anomaly has just raised $260 million in a Series C funding round. The company, which develops spacecraft that can maneuver each other in orbit, will use the capital to ramp up production and support future missions. Co-founder & CEO Even Rogers joins Morgan Brennan to discuss securing and defending space.

Transcript

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0:00.0

True Anomily just raised $260 million in a Series C funding round led by Excel.

0:08.0

The space and defense startup is less than three years old.

0:11.0

It was co-founded by CEO Evan Rogers, who previously served as an officer in the U.S. Air Force,

0:16.0

focused on tactical operations in space.

0:19.0

When we went out to raise the Series C, we really raised it as a defense route.

0:23.6

And that is the purpose of this company.

0:24.6

True anomaly, I say first and foremost, as a defense company.

0:27.6

And it reflects a moment where the space domain has really become a war fighting domain.

0:33.6

That started in 2017. The Space Force was stood up shortly thereafter. And the Space Force is now just turning into a real warfighting service.

0:41.3

And that means that it has capabilities to go by and build and operators to go train.

0:46.3

And we've positioned ourselves as a defense partner to provide capabilities specifically for space superiority.

0:52.3

True Anomaly develops spacecraft that can maneuver

0:55.2

near other satellites in orbit. Its jackal vehicle is designed for close proximity operations,

1:01.3

and three have been launched to low Earth orbit so far. The new capital will be used to ramp

1:06.8

production and support future missions to geosynchronous and even cis lunar orbit.

1:11.6

We're looking across our supply chain and thinking about where do we need to make

1:14.6

strategic investments in order to make sure that we can not just build two spacecraft or three spacecraft,

1:19.6

but hundreds of spacecraft. And the capital rays is an element of what allows us to really do that.

1:24.6

On this episode, True Anomalies Evan Evan Rogers, on securing and defending space through

1:29.5

hardware and software.

1:31.5

I'm Morgan Brennan and this is Manifest Space.

1:35.3

Joining me now, Evan Rogers, the co-founder and CEO of True Anomily.

...

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