Star Catcher Industries has raised $65 million to develop and validate a space-based power grid using power-beaming technology. According to Space.com and Space News, the Florida-based company plans to build a constellation of satellites that transmit energy to other locations using lasers. The funding is intended to support testing of the technology in space and to move from development toward on-orbit validation. Both outlets describe the raise as a step toward demonstrating that the proposed system can reliably generate and transmit power, which the company sees as enabling or accelerating an off-Earth economy. While details of technical specifications, launch schedules, and target customers are not provided in the excerpts, the shared reporting indicates the effort focuses on demonstrating the feasibility of laser power beaming from satellites, rather than only ground-based experiments. Overall, the two sources agree on the amount raised, the company’s goal of validating the technology in orbit, and the use of a satellite constellation to deliver power via lasers.