Starry
Telecom / ISPUSA
New to Unitard
π Dead / Bankrupt
PeakΒ $1.8 BillionToday
~-99%
from peak
- π¦Became a unicorn2021
- πPeak valuation$1.8 Billion β21
- πBecame a UnitardAug 2022
- πΈLast valuationWiped out
π₯ Raised & burned
$300M
Total raised
$101K/day
Burned Β· 8.1y alive
Funding: TechCrunch / Crunchbase / SPAC filings
Current status
Chapter 11 (Aug 2022); reorganized private
The rise & fall
7 moments Β· 2014β2023The key moments, with employee sentiment along the way.
2014
2014
Founded
Aereo founder Chet Kanojia's next act: beaming home broadband over millimeter-wave spectrum, no cable required.
TechCrunch
2021
2021
SPAC debut: $1.8B$1.8B
Goes public via SPAC at a $1.8B valuation β unicorn status, and cash for a capital-hungry network build that had raised about $300M to date.
Crunchbase
2022
2022
The stock craters 99%
The build-out devours cash the market will no longer provide.
TechCrunch
2022β23
From the inside Β· Glassdoor reviews, 2022β23
Employees traced the collapse to runaway spending: Glassdoor reviews described a hiring binge that ran until the cash did, then roughly half the company laid off at once in late 2022 β by livestream and email, with two weeks' notice and severance reviewers called a joke, weeks after leadership had assured them all was fine.
Aug 2022
Aug 2022
Chapter 11 β joins the Unitard Club π
Barely a year after the $1.8B SPAC debut, Starry files to shed debt and shrink.
Court filing
2023
2023
Reorganized, private, smaller
Emerges from Chapter 11 as a smaller private company.
Crunchbase
$1.78Bof peak value erased Β· 8 years
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Starry delivered fixed-wireless home internet over millimeter-wave spectrum, going public via SPAC at a $1.8B valuation in early 2021. Its stock cratered more than 99% as it struggled to fund a capital-intensive build-out. Starry filed for Chapter 11 in August 2022 and reorganized as a smaller private company.
Source: Crunchbase; SPAC valuation $1.8B
Founder
- Chet KanojiaFounder & CEONo public profile matched
