Varda Space opens $VARDA token round at $3B valuation to fund in-orbit drug manufacturing

The $VARDA token, launched on Starcap's Space Capital Markets platform, offers exposure to Varda Space Industries shares at a $3B valuation, with commitments from $1,000 in USDG or USDC until 30 November 2026. Tokens trade on Uniswap after the deal closes. Varda, founded in 2021, makes drugs in microgravity; nine capsules have launched, and it closed a $251M Series D in September 2026. The author calls orbital drug manufacturing a high-conviction area. Each token is a limited-recourse participation note claiming pro rata proceeds if Varda lists or is acquired, with no KYC to commit.

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