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Starry

Telecom / ISPUSA
New to Unitard
🀝 AcquiredπŸ”„ Reorganized
PeakΒ $1.8 BillionToday
~-99%
from peak
  1. πŸ¦„
    Became a unicorn
    2021
  2. πŸ“ˆ
    Peak valuation
    $1.8 Billion ’21
  3. πŸ’”
    Became a Unitard
    Aug 2022
  4. πŸ’Έ
    Last valuation
    Reorganized
Capital raised
$300M
Total raised
$101K/day
Raised per day

Total raised averaged per day over approximately 8.1 years from founding to bankruptcy or shutdown. This is not measured cash burn. Methodology

Funding: TechCrunch / Crunchbase / SPAC filings
Current status
Chapter 11 (Aug 2022); reorganized private

The rise & fall

7 moments Β· 2014–2023

The key moments, with employee sentiment along the way.

2014
Founded
Aereo founder Chet Kanojia's next act: beaming home broadband over millimeter-wave spectrum, no cable required.
TechCrunch
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
The stock craters 99%
The build-out devours cash the market will no longer provide.
TechCrunch
From the inside Β· Glassdoor reviews, 2022–23
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
Chapter 11 β€” joins the Unitard Club πŸ’”
Barely a year after the $1.8B SPAC debut, Starry files to shed debt and shrink.
Court filing
2023
Reorganized, private, smaller
Emerges from Chapter 11 as a smaller private company.
Crunchbase

πŸ’¬ 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 Kanojia
    Founder & CEO
    No public profile matched

Disclosed investors (12)

Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.

* Lead in a funding round Β· Crunchbase β†— Β· 2026-10-13 Β· Methodology Β· Leaderboard

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πŸ¦„