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True Anomaly Raises $650 Million To Bolster U.S. Space Defense And Commercial Growth

Colorado-based startup True Anomaly has successfully raised $650 million, pushing its valuation to $2.2 billion and building on a total of $1 billion in funds raised. The four-year-old firm, which specializes in the development of space interceptors and autonomous orbital satellite technologies, is preparing to nearly double its workforce to 500 employees by the close of this year.

Expanding Capabilities Amid A Competitive Global Landscape

Chief Executive Officer Even Rogers said in an interview with CNBC that space is increasingly viewed as a defense domain. He pointed to growing investment in space-based military capabilities by competing nations. The company’s focus aligns with broader efforts to expand U.S. space security infrastructure.

Capitalizing On A Renewed U.S. Defense Strategy

Demand for advanced defense systems is increasing amid geopolitical tensions and rising defense budgets. Former U.S. President Donald Trump proposed a $185 billion missile defense system, referred to as the Golden Dome project, as part of a broader plan to raise defense spending to $1.5 trillion by 2027.

True Anomaly develops the Jackal autonomous orbital satellites and the Mosaic autonomy software platform. The company is among firms selected by the United States Space Force for potential contracts worth up to $3.2 billion, alongside companies including SpaceX and Anduril.

Strengthening Industry Footing And Future Expansion

True Anomaly plans to scale production capacity and expand manufacturing facilities. The company aims to grow its footprint from 140,000 square feet to 2 million square feet over the next four years. Expansion plans come as competition increases across the space sector, including companies such as Vast, Sierra Space, and Amazon through its Project Kuiper initiative.

Looking Ahead

Recent funding rounds led by Eclipse and Riot Ventures support further product development and operational scaling. Growth in government programs, including the Artemis program, continues to drive demand for space and defense technologies.

Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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