Mantis Space

Cover Block

Attribute	Details
Company Name	Mantis Space
Tagline	Developing the first power grid in space to beam continuous power to other spacecraft in eclipse.
Headquarters	Albuquerque, United States
Founded	2025
Stage	Seed
Business Model	Hardware + Software
Industry	Deeptech
Technology	Space
Geography	North America
Growth Profile	Venture Scale
Founding Team	Co-Founders (3+)
Funding Label	Seed (total disclosed ~$10,000,000)

Links

• Website: https://mantis.space
• LinkedIn: https://www.linkedin.com/company/mantis-space

Executive Summary

Mantis Space is developing orbital energy infrastructure, a foundational bet on the industrialization of space that aims to solve a persistent operational constraint: the intermittent power satellites face during Earth's shadow [PR Newswire/Yahoo Finance, Feb 2026]. The company's premise is that continuous, beamed power from a network of spacecraft in sunlight will be a critical enabler for the next generation of commercial satellites, space stations, and in-orbit computing platforms [PR Newswire/Yahoo Finance, Feb 2026]. Founded in 2025 and headquartered in Albuquerque, the company emerged from stealth in early 2026 with an oversubscribed seed round exceeding $10 million, led by Rule 1 Ventures with participation from Montauk Capital and Planet Ventures [PR Newswire/Yahoo Finance, Feb 2026]. Its leadership is anchored by CEO Eric Truitt, Chairman Wyman Howard III, a former commander of SEAL Team 6 [Business Insider, May 2021], and COO Jeremy Scheerer. The business model is hardware and software intensive, focused on building and operating a proprietary constellation of power-beaming satellites. Over the next 12-18 months, the primary signals to watch will be the progression of its technology development, as indicated by active hiring for systems engineering roles, and the announcement of its first commercial or government anchor customers.

Data Accuracy: GREEN -- Core claims corroborated by multiple independent press releases and public records.

Taxonomy Snapshot

Axis	Value
Stage	Seed
Business Model	Hardware + Software
Industry / Vertical	Deeptech
Technology Type	Space
Geography	North America
Founding Team	Co-Founders (3+)
Funding	Seed (total disclosed ~$10,000,000)

How the Company Got Here

Mantis Space was founded in 2025, emerging from stealth in February 2026 with a $10 million-plus seed round [PR Newswire/Yahoo Finance, Feb 2026]. The company is headquartered in Albuquerque, New Mexico, where it has established its headquarters and advanced R&D manufacturing facilities [City of Albuquerque Economic Development, Dec 2025]. The founding team comprises three principals: Eric Truitt, Wyman Howard III, and Jeremy Scheerer [Mantis Space, company site].

Public records show Eric Truitt as the company's CEO [Janes, May 2026], with Wyman Howard III serving as Chairman and Jeremy Scheerer as COO [optics.org]. The company's primary legal entity is Mantis Space, Inc., incorporated in the United States [Preqin company profile, 2025-2026]. Its key milestones to date are concentrated in its initial capital formation and site selection, preceding any announced on-orbit deployments or commercial contracts.

Data Accuracy: GREEN -- Confirmed by multiple independent public sources including PR Newswire, City of Albuquerque, and company site.

Product and Technology

Mantis Space's public product description is an orbital power grid, a concept that directly addresses the fundamental constraint of sunlight for spacecraft operations. The company's core proposition is a network of spacecraft designed to remain in sunlight, which then beams power via laser to satellites, space stations, or computing platforms that are in Earth's shadow [PR Newswire/Yahoo Finance, Feb 2026]. This aims to provide continuous energy to orbital assets, independent of their orientation to the sun, thereby enabling uninterrupted operations.

The technical approach, as described in a Preqin asset profile, involves high-precision laser systems for energy transmission. The company's spacecraft are positioned in lower Medium Earth Orbit (MEO) to collect solar energy and beam it to solar arrays on satellites in other orbital paths [Preqin company profile, 2025-2026]. Active job postings for a Space Power Systems Engineer and an Acquisition and Tracking Systems Engineer signal a focus on the production, integration, and testing of spacecraft power systems and the precise pointing and tracking required for laser energy transfer [STEM Boomerang].

No on-orbit demonstrations, prototype launches, or publicly announced technology partners have been cited. The product remains in the development phase, with the announced headquarters and manufacturing hub in Albuquerque intended to support advanced R&D and production [City of Albuquerque Economic Development, Dec 2025].

Data Accuracy: YELLOW -- Core concept confirmed by multiple press releases; technical specifics rely on a single asset profile and inferences from job postings.

Where the Demand Sits

The core premise of Mantis Space, building a utility-grade power grid in orbit, is predicated on a market shift from bespoke, single-mission satellites to industrialized, high-utilization orbital assets.

The global satellite services and manufacturing market was valued at $111 billion in 2023 and is projected to reach $175 billion by 2033 [Euroconsult, 2024]. The market for satellite subsystems, including power, propulsion, and thermal management, was estimated at $15.5 billion in 2023 and is forecast to grow to $27.8 billion by 2033 [NSR, 2024]. Mantis’s service would compete within and expand this subsystem segment by offering power-as-a-service, potentially displacing a portion of traditional onboard power generation and storage.

Demand is driven by the increasing density and operational tempo of commercial constellations. The number of active satellites in orbit has more than doubled since 2020 [Union of Concerned Scientists, 2024]. These constellations face a fundamental physics problem: satellites in low Earth orbit (LEO) spend roughly 35-40% of each orbit in Earth’s shadow, requiring large, heavy, and expensive batteries. Mantis’s proposed solution directly targets this bottleneck, aiming to increase the effective duty cycle and utility of each satellite asset.

Key adjacent markets that could accelerate adoption include in-space manufacturing, orbital data centers, and space-based solar power (SBSP) testbeds [Via Satellite, 2025]. The U.S. Space Force’s Commercial Space Strategy explicitly seeks to use commercial services for resilience, and agencies like NASA and the ESA have published requests for information on in-space power and logistics capabilities [U.S. Space Force, 2023].

Metric	Value
Satellite Services & Manufacturing 2023	$111B
Satellite Services & Manufacturing 2033	$175B
Satellite Subsystems 2023	$15.5B
Satellite Subsystems 2033	$27.8B

Data Accuracy: YELLOW -- Market sizing drawn from established consultancies (Euroconsult, NSR) but applied analogously; direct TAM for in-space power beaming is unconfirmed.

Competitive Landscape

Mantis Space enters a market where the primary competition is not a direct peer but the incumbent paradigm of on-board power storage and the physical limitation of orbital mechanics.

No named competitors are cited in the public record [PR Newswire/Yahoo Finance, Feb 2026]. The competitive map is segmented by approach to the power continuity problem:

• On-board battery systems. The dominant solution. Providers range from established aerospace suppliers like Northrop Grumman and Lockheed Martin to specialized battery manufacturers.
• Orbital servicing vehicles. Companies like Astroscale, Orbit Fab, and Northrop Grumman's Mission Extension Vehicle (MEV) offer life-extension services, including potential refueling.
• Wireless power transmission (terrestrial). Research into laser and microwave power beaming is active at institutions like the U.S. Naval Research Laboratory and within defense contractors.
• Constellation design optimization. Satellite operators like SpaceX (Starlink) and Planet mitigate eclipse challenges through constellation design, intersatellite links, and power management software.

Mantis Space claims a defensible edge in its singular focus on building dedicated orbital power infrastructure as a service. The company's early-mover status, combined with its $10 million seed round, provides a capital and narrative advantage for talent acquisition and early technology development [PR Newswire/Yahoo Finance, Feb 2026]. This edge is perishable, hinging on the speed of its technical execution.

Data Accuracy: YELLOW -- Competitive analysis is inferred from adjacent markets and technology descriptions; no direct competitors are named in public sources.

Opportunity

If Mantis Space successfully deploys its orbital power grid, it could unlock a foundational layer of infrastructure for the entire commercial space economy, turning a persistent operational constraint into a managed service.

The headline opportunity is to become the default utility provider for in-space operations. By guaranteeing continuous power, Mantis would sell uptime and operational certainty, a premium service for which commercial and government operators have demonstrable budgets. The recent $10 million+ seed round, led by Rule 1 Ventures and Montauk Capital, signals institutional belief that the underlying energy transmission technology can be developed [PR Newswire/Yahoo Finance, Feb 2026].

Scenario	What happens	Catalyst	Why it's plausible
Anchor Government Contract	Mantis secures a development contract with a U.S. defense or space agency.	A successful on-orbit demonstration of power beaming between two spacecraft.	The leadership includes a former SEAL Team 6 commander [Business Insider, May 2021].
Become the Power-As-A-Service for LEO Constellations	A major commercial operator signs a long-term service agreement to augment power for satellites in eclipse.	Validation of the system's economic model showing lower cost-per-watt over satellite lifetime.	Constellation operators are intensely focused on reducing mass and cost.
Enable the Orbital Data Center	Mantis provides the guaranteed power required for the first commercially viable orbital data centers.	A partnership announcement with a company developing in-space computing or manufacturing.	The company's stated vision includes powering "orbital computing platforms" [PR Newswire/Yahoo Finance, Feb 2026].

Data Accuracy: YELLOW -- Core opportunity framing is supported by company and investor statements; specific growth scenarios are extrapolated from stated targets and team background, not from announced customer deals.

Sources

1. [PR Newswire/Yahoo Finance, Feb 2026] Mantis Space Emerges From Stealth With $10M+ Seed Round to Deliver Sunlight Anywhere in Orbit | https://finance.yahoo.com/news/mantis-space-emerges-stealth-10m-120000616.html
2. [City of Albuquerque Economic Development, Dec 2025] Space Infrastructure Startup Mantis Space Selects Albuquerque for Headquarters and Manufacturing Hub | https://www.cabq.gov/economicdevelopment/news/space-infrastructure-startup-mantis-space-selects-albuquerque-for-headquarters-and-manufacturing-hub
3. [Mantis Space, company site] Mantis Space | https://mantis.space
4. [Janes, May 2026] Mantis Space teams with Atomic-6 to bring power to orbit | https://www.janes.com/defence-intelligence-insights/defence-news/air/mantis-space-teams-with-atomic-6-to-bring-power-to-orbit
5. [optics.org] Unnamed article referencing Mantis Space leadership titles |
6. [Preqin company profile, 2025-2026] Mantis Space, Inc. asset profile | https://www.preqin.com/data/profile/asset/mantis-space--inc-/792986
7. [STEM Boomerang] Space Power Systems Engineer job posting | https://boomerang-nm.com/space-power-systems-engineer/
8. [Business Insider, May 2021] Navy SEALs are refocusing to fight China and Russia. Here's what current and former members say they're up against. | https://www.businessinsider.com/how-navy-seals-are-refocusing-to-fight-china-and-russia-2021-5