Capella (Space)

San Francisco, California, USA Aerospace & Defense Acquired

Capella Space is a commercial synthetic aperture radar (SAR) satellite operator providing high-resolution, all-weather earth observation imagery and intelligence. The company operates a constellation of X-band SAR satellites for government, commercial, and international applications, with sub-0.25m resolution imagery accessible day or night regardless of weather conditions. Founded by Payam Banazadeh in 2016, Capella delivers rapid tasking and near-real-time satellite data through automated platforms.

Acquired

Capella (Space) has been acquired

Acquired by IonQ July 15, 2025

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2016

Employees

200–250

Total Funding

$508.8M

5 rounds

Latest Valuation

$0.32B

July 15, 2025

Funding

Total raised $508.8M across 5 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Acquisition by IonQ

Date

July 15, 2025

Amount

$318M

Valuation

$0.32B

Lead Investors

IonQ
DateRoundAmount RaisedValuationLead Investors
July 15, 2025 Acquisition by IonQ $318M $0.32B IonQ
January 10, 2023 Series C Extension (Growth) $60M United States Innovative Technology Fund
April 2022 Series C $97M NightDragon

Funding by Round

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Valuation Trajectory

Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.

If you invested at:
1x 2x 5x 10x 2018 2020 2022 2024 Capella (Space)

Entry · Series A

$0.0B

Jan 2017

Capella (Space) today

$0.3B

Jul 2025 · latest mark

Capella (Space) multiple

7.3x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Frank Backes

    Chief Executive Officer

    LinkedIn
  • Payam Banazadeh

    Founder & Board Director

    LinkedIn

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