FormerSpaceX

Varda Space Industries

Manufacturing medicines in microgravity and bringing them home.

Founded
2021
Headquarters
El Segundo, CA
Disclosed funding
$329M
Status
Operating
Sector
Space
Latest round
Series C, $187M
Reported valuation
—
Website
varda.com

Overview

Varda flies small autonomous capsules that crystallize pharmaceuticals in orbit and return them to Earth, and has completed multiple reentry missions. CEO Will Bruey spent five years at SpaceX as a spacecraft operator and systems officer.

Funding

About $329M per Business Insider, including a $187M Series C (Jul 2025).

Disclosed funding is the sum of publicly reported rounds found in the sources below. It is a floor, not a complete total.

Founders

Will Bruey, Co-founder & CEO
At SpaceX: Spacecraft operator & systems officer (Dragon) · 5 years
Delian Asparouhov, Co-founder
Not a SpaceX alum
in-space manufacturingpharmaceuticalsreentry

Sources

  1. CNBC: Varda raises $187 million
  2. Business Insider via Yahoo: The SpaceX Mafia is here

Last verified September 30, 2026.