Bickford Ventures

Albedo Space

Series AInvested

Novel VLEO imagery satellites

Notes

Very Low Earth Orbit (VLEO)

  • 275km orbit (vs LEO's ~400-2000)
  • 2x closer to earth
  • 4x signal strength
  • 20cm GSD commercial imagery (compared to 30cm from others)

Map and monitor earth with better commercial imagery resolution then possible before.

Big question is...

what is the marginal benefit of better imagery in commercial sector? Who will pay for that and how much?

Privacy concerns due to commercial ability to track people from space.

Business Case

They are the only ones doing VLEO. It's value as a backup plan when LEO is compromised makes it valuable to the government as a strategic resiliency enhancement.

More likely debris free environment bc atmospheric burnup.

Estimated valuation over time

Metrics history

DateEst. valuationHeadcountTraffic /moNote
2025-05-01$285M——Estimated pre-money valuation from Series B discussions.

Activity

  1. 2026-09-01note

    NRO annouced plans to acquire, launch, and operate two VLEO demo vehicles from Albedo. Contract award around 9/22

  2. 2025-05-01funding

    Prepping for $100M series B funding round ↗

  3. 2025-03-15note

    Clarity-1 Launch

    Successful. 12% drag performance over expectations. Prompted strategic shift from imagery collection business model to VLEO bus manufacturing business model.

  4. 2020-11-01note

    Founded