Star Catcher Industries Inc., the 2-year-old Jacksonville-based company formed to build the first power grid in space, is relocating its headquarters to the Merritt at Gate Parkway office park in South Jacksonville.
Now in the Baymeadows-Mandarin area at Merritt Properties’ Magnolia Park, the company is relocating to Building 400 in Merritt’s Southside Deerwood project.
The city is reviewing a permit application for Jacksonville-based LAY Construction and Merritt Construction Services LLC of Baltimore, Maryland, to build-out a 49,057-square-foot unoccupied shell building at 5022 Gate Parkway, Units 401-411, at an estimated project cost of $2 million to $2.5 million.
A Merritt brochure shows Building 400 at 51,052 square feet.
The architect is Bold Line Design LLC of Jacksonville.
Star Catcher now occupies about 15,000 square feet of space at 5220 Shad Road in Magnolia Park. The move is about 10 miles northeast.
Merritt Properties directed questions to Star Catcher, which did not immediately respond to requests for comment.
Star Catcher says it is building the first power grid in space to beam concentrated solar energy on demand to satellites in orbit with no retrofit required.
“By eliminating power as a constraint on spacecraft design and mission capability, Star Catcher is unlocking a new generation of space operations for commercial, civil, and national security customers,” the company says in a corporate description.
Star Catcher is led by President and CEO Andrew Rush, who previously was president and chief operating officer of Jacksonville-based space technology firm Redwire Corp., where his bio at star-catcher.com says he led the company through its public listing and oversaw the integration of its space infrastructure and technology businesses.
Star Catcher Industries announced May 12, 2026, that it raised $65 million to bring its total capital raised to $88 million.
The new investment was led by B Capital and co-led by Shield Capital and Cerberus Ventures, the venture arm of Cerberus Capital Management.
Star Catcher was formed in 2024 to develop a space-based energy infrastructure layer to provide electricity on demand to satellites and other spacecraft using optical power beaming.
The company said in the May 12 news release the additional capital will help it move from validated technology to scalable infrastructure.
In the release, Star Catcher announced that retired Gen. John W. “Jay” Raymond, the first chief of space operations for the U.S. Space Force and senior managing director at Cerberus Capital Management, will join Star Catcher’s board.
He will be joined on the board by B Capital General Partner and Global Head of Energy Jeff Johnson and Shield principal David Rothzeid.
“This investment underscores the conviction that orbital infrastructure is now as fundamental as terrestrial infrastructure,” Rush said in the release.
“Every major application driving the space economy — connectivity, computing, security, sensing — is power-limited today. Star Catcher is lifting that ceiling — making it possible to build in orbit at the scale the next century of life on Earth will demand.”
Star Catcher said it will launch the first space-based optical power beaming demonstration this year.
“The mission marks a foundational step toward constructing the first energy grid in space — built to deliver up to 10x more power to satellites with no retrofit or custom receiver required — and the first of a series of flight missions designed to progressively retire technical risk and deploy operational capability,” Star Catcher said in the release.
It said the investment accelerates a second orbital mission already in development and strengthens the engineering and operations capacity to drive scalable grid deployment.
“Star Catcher is solving the constraint that plagues every space-based mission: power,” said John Serafini, a Shield partner, in the release.
“They’ve moved from concept to world-record performance to flight hardware on a timeline almost no frontier-tech company achieves, and they’re building infrastructure with direct relevance to both commercial operators and the national security community. This is precisely the kind of company SHIELD exists to back.”
Star Catcher said it has signed seven power purchase agreements, secured government contracts and is managing a commercial pipeline representing more than $3 billion in projected annual recurring revenue.
State corporate records show that Star Catcher Industries Inc. was filed in September 2024 at the Shad Road address.
In addition to Rush, founders include Michael Snyder of Jacksonville and Bryan Lyandvert of New York City.
Snyder is chief technology officer, a title he previously held with Redwire.
Lyandvert is chief business officer. Both serve on the board.
Rush was named the Jacksonville-based PS27 Ventures Entrepreneur of the Year in January 2026 as the venture capital group recognized six local business innovators chosen from more than 400 nominations.