True Anomaly raises $650 million as the only space startup exclusively focused on orbital defense



True Anomaly’s Jackal autonomous orbital vehicles can manoeuvre near other satellites in orbit for inspection, space situational awareness, and, under Golden Dome, potential interception of ballistic and hypersonic missiles. Total funding now exceeds $1 billion.


True Anomaly, the Colorado-based space defense startup that builds autonomous orbital vehicles and supporting software for US national security missions, has raised $650 million, Bloomberg reported.

The raise, which has not yet been confirmed by the company, would bring True Anomaly’s total funding to more than $1 billion, a figure that would be, by a significant margin, the largest capital raise in the company’s three-year history.

The timing is significant. On 24 April 2026 the US Space Force announced that True Anomaly was among 12 companies selected for Golden Dome space-based interceptor (SBI) prototype development, under Other Transaction Authority agreements collectively worth up to $3.2 billion.

The other selected companies include Anduril, Lockheed Martin, Northrop Grumman, Raytheon, General Dynamics Mission Systems, Booz Allen Hamilton, SpaceX, and five others.

The OTA agreements fund prototype development of space-based interceptors designed to destroy enemy ballistic and hypersonic missiles during the boost phase, seconds after launch, before they exit the atmosphere.

Companies that demonstrate successful prototypes will compete for production contracts estimated at $1.8 to $3.4 billion annually post-2028.

True Anomaly’s core technology is the Jackal autonomous orbital vehicle, a spacecraft designed for rendezvous and proximity operations (RPO), the capability to manoeuvre close to other satellites in orbit for inspection, monitoring, or, under a kinetic mission set, engagement.

The Jackal is paired with Mosaic, True Anomaly’s autonomy software suite that provides command, control, and situational awareness across orbital operations.

The company was founded in 2022 by Even Rogers, who serves as CEO, alongside Kyle Zakrzewski and two other co-founders who have since departed. All four original founders met while serving in the US Air Force’s 4th Space Operations Squadron.

Rogers has described the company’s mission in terms of a specific strategic window: the US must establish credible orbital defense capability before adversaries gain an irreversible advantage in the space domain.

True Anomaly’s prior funding trajectory maps directly onto the escalating political and strategic priority given to space defense. The company raised $100 million in December 2023, $260 million in a Series C in April 2025, led by Accel, with Meritech Capital, Eclipse, Riot Ventures, Menlo Ventures, and others, and has now apparently raised $650 million in a new round.

Each successive round has roughly doubled the prior one. The Series C was explicitly oversubscribed. The new raise, if confirmed at $650 million, suggests that investor appetite for pure-play space defense has continued to accelerate in line with the Pentagon’s own escalating procurement posture, as reflected in Trump’s proposed $1.5 trillion defense budget and the $185 billion Golden Dome programme.

The company’s operational footprint has expanded substantially since the Series C. It opened a 90,000-square-foot manufacturing facility in Long Beach, California, in the aerospace cluster known as “Space Beach”, and has grown its workforce from approximately 170 employees at the time of the Series C to over 249 as of January 2026, with plans to reach 450 to 500 by end of 2026.

Planned 2026 missions include the first Jackal deployments to geosynchronous orbit (22,000 miles above Earth, where many military satellites operate) and to cislunar space (the region between Earth and the Moon), as well as the VICTUS HAZE mission with Firefly Aerospace: an end-to-end demonstration of tactically responsive space operations for the Space Force, designed to show the US can rapidly deploy orbital assets during a conflict.

True Anomaly is one of a small group of defense-focused space startups, alongside Anduril, Impulse Space, Starfish Space, and Turion Space, that are competing to define what the next generation of US space defense looks like.

The distinguishing characteristic of True Anomaly among this cohort is its exclusive focus: it has positioned itself, in the words of its own CFO, as “the only company focused exclusively on space defense.”

That singular focus has produced both its commercial differentiation and its principal risk: if the political or strategic appetite for space-based orbital defense were to diminish, True Anomaly would have no adjacent commercial market to fall back on.

The $650 million raise, following the Golden Dome OTA selection, suggests that risk is currently considered low by the investors and institutions funding the company.



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Recent Reviews


When you pick out a phone, you’re also picking out the operating system—that typically means Android or iOS. What if a phone didn’t follow those rules? What if it could run any OS you wanted? This is the story of the legendary HTC HD2.

Microsoft makes a mess with Windows Mobile

The HD2 arrives at an unfortunate time

windows mobile 6.5 Credit: Pocketnow

Officially, the HTC HD2 (HTC Leo) launched in November 2009 with Windows Mobile 6.5. Microsoft had already been working on Windows Phone for a few years at this point, and it was planned to be released in 2009. However, multiple delays forced Microsoft to release Windows Mobile 6.5 as a stopgap update to Windows Mobile 6.1.

Microsoft’s plan for mobile devices was a mess at this time. The HD2 didn’t launch in North America until March 2010—one month after Windows Phone 7 had been announced at Mobile World Congress. Originally, the HD2 was supposed to be upgraded to Windows Phone 7, but Microsoft later decided no Windows Mobile devices would get the new OS.

This left the HD2 stuck between a rock and a hard place. Launched as the final curtain was dropping on one OS, but too early to be upgraded to the next OS. Thankfully, HTC was not just any manufacturer, and the HD2 was not just any phone.

The HD2 was better than it had any right to be

HTC made a beast of a phone

HTC HD2 Credit: HTC

HTC was one of the best smartphone manufacturers of the late 2000s and 2010s. It manufactured the first Android phone, the first Google Pixel phone, and several of the most iconic smartphones of the last two decades. Much of the company’s reputation for premium, high-quality hardware stems from the HD2.

The HD2 was the first smartphone with a 4.3-inch touchscreen—considered huge at the time—and one of the first smartphones with a 1 GHz Qualcomm Snapdragon processor. That processor, along with 512GB of RAM, made the HD2 more future-proof than HTC probably ever intended. Phones would be launching with those same specs for the next couple of years.

For all intents and purposes, the HD2 was the most powerful phone on the market. It just so happened to run the most limiting mobile OS of the time. If the software situation could be improved, there was clearly tons of potential.

The phone that could do it all

Android, Windows Phone, Ubuntu, and more

The key to the HD2’s hackability was HTC’s open design philosophy. It had an easily unlockable bootloader, and it could boot operating systems from the NAND flash and SD cards.

First, the community took to righting a wrong and bringing Windows Phone 7 to the HD2. This was thanks to a custom bootloader called “MAGLDR”—Windows Phone 7.5 and 8 would eventually get ported, too. The floodgates had opened, and Windows Phone was the least of what this beast of a phone could do.

Android on the HTC HD2? No problem. Name a version of the OS, and the HD2 had a port of it: 2.2 Froyo, 2.3 Gingerbread, 4.0 Ice Cream Sandwich, 4.1/2/3 Jelly Bean, 4.4 Kitkat, 5.0 Lollipop, 6.0 Marshmallow, 7.0 Nougat, and 8.1 Oreo. Yes, the HD2 was still getting ports seven years after it launched.

But why stop at Android? The HD2 was ripe for all sorts of Linux builds. Ubuntu—including Ubuntu Touch—, Debian, Firefox OS, and Nokia’s MeeGo were ported as well. The cool thing about the HD2 was that it could dual-boot OS’. You didn’t have to commit to just one system at a time. It was truly like having a PC in your pocket, and the tech community loved it.

Do a web search for “HTC HD2” now, and you’ll find many articles about the phone getting yet another port of an OS. It became a running joke that the HD2 would get new versions of Android before officially supported Android phones did. People called it “the phone that refuses to die,” but it was the community that kept it alive.

The last of its kind

“They don’t make ‘em like they used to”

HTC HD2 close up Credit: TechRepublic

The HTC HD2 was a phone from a very different time. It may have gotten more headlines, but there were plenty of other phones being heavily modded and unofficially upgraded back then. Unlockable bootloaders were much more common, and that created opportunities for enthusiasts.

I can attest to how different it was in the early years of the smartphone boom. My first smartphone was another HTC device, the DROID Eris from Verizon. I have fond memories of scouring the XDA-Developers forums for custom ROMs and installing the latest Kaos builds on a whim during college lectures. Sadly, it’s been many years since I attempted that level of customization.

It’s not all doom and gloom for modern smartphones, though. Long-term support has gotten considerably better than it was back in 2010. As mentioned, the HD2 never officially received Windows Phone 7, and it never got any other updates, either. My DROID Eris stopped getting updates a mere eight months after release.

Compare that to phones such as the Samsung Galaxy S26, Google Pixel 10, and iPhone 17, which will all be supported through 2032. You may not be able to dual-boot a completely different OS on these phones, but they won’t be dead in the water in less than a year. We will likely never see a phone like the HTC HD2 from a major manufacturer again.

HTC Droid Eris


A Love Letter to My First Smartphone, the HTC Droid Eris

No, not that DROID.



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