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Albedo closes $35M at boosted valuation to build satellites that orbit very, very close to Earth

Satellite startup Albedo aims to provide commercial orbital imagery so detailed that the military kept its own version under wraps — until it was leaked a

A year later, Haddad teamed up with fellow Lockheed veteran AyJay Lasater and engineer Winston Try to found Albedo, a company that’s aiming to do the impossible and deliver 10-centimeter resolution optical images to commercial customers at historically low costs. Such low resolution, at a price the market will tolerate, is a big ask: the military satellites like the one that captured the image of the Iranian launch pad are widely believed to cost upwards of multibillions of dollars each. Reflecting the dual-use nature of VLEO tech, Albedo’s investors include funds like Bill Gates’ Breakthrough Energy Ventures to defense tech-focused Shield Capital.

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