Microvascular development is often perceived to result from a balance of positive and negative factors that impact signaling for proliferation and survival. The survival signaling that results from hypoxia-induced VEGF-A has been well established, but the factors that antagonize this signaling have been poorly studied. As endogenous inhibitors of angiogenesis, thrombospondins (TSPs) are likely candidates to affect survival signaling. Here, we report that TSP1 antagonized microvascular survival to retinal hyperoxia, and Akt signaling in both the retina and in cultured endothelial cells. TSP1 expression is correlated with the association of the CD36 receptor with Src versus Fyn. In the presence of TSP1, CD36 is co-precipitated with Fyn as previously shown by others. However, in the absence of TSP1, there is a preferential association with Src. We now demonstrate that these Src family kinases play an important role in modulating microvascular survival in response to TSP1 by crossing tsp1^-/- mice to the src^-/- and fyn^-/- mice and testing the survival of retinal blood vessels in hyperoxia. We find that tsp1^-/-, fyn^-/- and double mutant tsp1^-/-/fyn^-/- mice have a similar enhancement of capillary survival in oxygen, while in a tsp^-/- background, loss of only one allele of src restores the balance in survival and apoptosis to that of wild-type mice. Taken together, we hypothesize that TSP1 antagonizes VEGF-driven Akt survival signaling in part through recruitment of Fyn to membrane domains containing CD36, but when TSP1 is absent, opposing Src recruitment contributes to VEGF-driven Akt phosphorylation and capillary survival.