Warshaw Burstein LLP is proud to announce that its client, BlackStar Orbital, has successfully closed a $1 million credit investment from Leonid Capital Partners, a firm known for supporting dual-use and national security-aligned startups across the United States.
 

BlackStar Orbital is a cutting-edge aerospace venture developing autonomous, uncrewed spacecraft for in-orbit refueling, repositioning, and satellite repair. Their platform is designed to dramatically extend the operational life and flexibility of space assets—addressing a critical and growing need across both government and commercial space sectors.

James A. Wolff, Counsel and practice chair of the firm’s Emerging Technologies Law Group served as lead deal counsel for BlackStar, handling all aspects of the transaction negotiation, structuring, and documentation. Warshaw Burstein continues to advise the company as it prepares for its next financing round to support platform deployment and scale-up.

“This transaction reflects the kind of strategic, cross-sectoral work we’re proud to support at Warshaw Burstein,” said Wolff. “BlackStar is building the orbital logistics backbone for a more resilient space economy. Our job is to make sure the legal infrastructure is just as forward-thinking.”
 

This deal exemplifies Warshaw Burstein’s deepening focus on emerging technologies, particularly at the intersection of venture capital, national security, and aerospace innovation. The firm routinely advises dual-use and deep tech founders across all stages of growth—from formation to financings, strategic partnerships, and regulatory compliance.
 

“We’re thrilled to work with bold, technical founders who are solving next-generation challenges,” Wolff added. “In BlackStar’s case, that means helping redefine how assets are serviced and sustained in orbit, a mission with far-reaching economic and strategic implications.”
 

BlackStar Orbital Technologies Corporation is a U.S.-based aerospace startup developing autonomous servicing spacecraft for on-orbit logistics. The company’s mission is to reduce reliance on Earth-based infrastructure and create a responsive, persistent presence in space.
 

Leonid Capital Partners is a private investment firm that provides non-dilutive and hybrid capital solutions to companies working in defense, intelligence, aerospace, and dual-use innovation. Leonid is backed by a network of private LPs and government-aligned capital sources.