Aerospace & DefenseEXCLUSIVE Space entrepreneur Max Polyakov acquires South Africa's Dragonfly satellite maker
Eric Johnson
3 minutes read
Max Polyakov, an ultra-wealthy entrepreneur with ambitions of building a space transportation empire, has acquired South African satellite maker Dragonfly Aerospace, he told Reuters.
The deal gives Polyakov an anchorpoint in the booming but fiercely competitive market for small-satellite technology, and a potential revenue source for rocket maker Firefly Aerospace, which is majority-owned by Polyakov's Noosphere Ventures investment fund.
He declined to disclose the value of the deal, which closed earlier this month. It has not been previously reported. An announcement is expected on Tuesday.