Lunar Outpost, a Golden, Colorado, company that builds lunar rovers and space robotics, announced a $30m Series B on 7 May 2026. Industrious Ventures led the round, with Type One Ventures, Eniac Ventures, Promus Ventures and Reliable Equity taking part.
The company called the round oversubscribed. SpaceQ reported investor interest of about $90m and said the company capped the raise at $30m to limit dilution. No valuation was disclosed.
“NASA has set the direction. They need commercial partners that will execute.”Justin Cyrus, Founder and CEO, Lunar Outpost
What Lunar Outpost does
Founder and chief executive Justin Cyrus leads the company, which says it operated the first commercial rover on the Moon and has eight fully contracted lunar and cislunar missions before 2030. Its release listed the Pegasus LTV, Eagle LTV and MAPP rovers, along with Starweave autonomous swarm software and the Stargate command, control and communications platform.
SpaceQ reported that Lunar Outpost is prime contractor for the Lunar Dawn team, which is developing a human-rated lunar terrain vehicle for NASA's Artemis programme, and that MDA Space, Leidos, General Motors and Goodyear are partners. The vehicle is designed for dual use, so the company can operate it commercially when NASA astronauts do not need it. The release also named LEGO and adidas with Juventus as commercial partners.
The company's Oceania subsidiary co-leads the ELO2 Consortium, which was awarded A$42m to deliver Australia's first lunar rover, SpaceQ said. The company claims its revenue has doubled each year for four years.
Behind the Black, a space-industry blog, noted that the company originally competed for NASA's planned crewed lunar rover contract with its Eagle rover, that it has a contract with SpaceX to deliver a rover to the Moon on Starship, and that it has developed and tested an autonomous excavator called Owl. The company describes itself as the leader in off-planet mobility and in-space infrastructure.
What the money is for
The release said the funds will go toward producing and deploying robotics and mobility systems, expanding the spacecraft fleet and investing in autonomous capabilities. SpaceQ added that the proceeds will scale the Starweave and Stargate products and expand sensor design and engineering in Antwerp, Belgium, to reach European Space Agency supply chains and regional engineering talent.
The release also described plans for lunar infrastructure such as power, communications, habitats, and launch and landing pads, built with software and AI-enabled hardware.
Funding history and comments
SpaceQ put cumulative venture funding at about $52m, including a $12m seed round in May 2022 used for initial rover development after the company had bootstrapped, and an estimated $10m Series A in November 2024. The Series A figure is SpaceQ's estimate, not a company disclosure.
Cyrus said: "NASA has set the direction. They need commercial partners that will execute." Taylor Sargent, a partner at Industrious Ventures, said Lunar Outpost is moving beyond early missions to scaled, repeatable deployment.
The company did not disclose its headcount in the sources reviewed.
Company website: lunaroutpost.com