Northwood Space has closed a $375 million Series C to expand the ground network that connects satellites with users on Earth. Announced on November 2, 2026, the financing was co-led by Andreessen Horowitz and DFJ Growth.

Satellite ground infrastructure gets fresh capital

The Torrance, California company intends to accelerate existing contracts, recruit talent and extend its global network. Its customers include commercial operators, US government agencies and allied missions.

Northwood reports six sites across two continents that can support multiple orbits. It has also opened a 185,000-square-foot headquarters and factory in Torrance. A separate HSBC Innovation Banking credit facility will support working capital and expansion.

The business opportunity below orbit

A satellite can collect or transmit information only as effectively as the connections supporting it. Ground infrastructure provides the link between orbital equipment and terrestrial networks. For customers, that makes access to dependable capacity an operational concern.

Northwood’s approach combines hardware, manufacturing, software and site operations. From a business perspective, integrating those functions could reduce coordination burdens for satellite operators, although performance must be demonstrated across real missions.

What the next phase requires

The company’s next challenge is to turn new funding into service capacity while meeting existing customer commitments. Network expansion requires both physical deployment and reliable day-to-day operation.

For founders watching the space sector, this is a reminder to examine supporting infrastructure alongside spacecraft. A growing industry can create opportunities in the less visible systems that help customers use its output.