Ukrainian businessman Max Polyakov buys SA’s satellite manufacturer Dragonfly Aerospace Tuesday, 27 April 2021 19:55
(Ecofin Agency) - Ukrainian businessman Max Polyakov (pictured) confirmed his acquisition of South African satellite manufacturer Dragonfly Aerospace. The Founder and CEO of EOS Data Analytics, which specializes in the provision of advanced satellite image processing and analysis solutions, announced his move in an interview with Reuters last April 26.
Max says the deal signed with the South African company for an undisclosed amount “gives us cost-control and mass production of components. It allows us to bring everything in-house.” The businessman also expressed his ambition to see the devices manufactured by Dragonfly launched on the Alpha rocket of Firefly, one of his companies that specializes in the development of small and medium-sized launch vehicles for commercial launches to orbit.
Dr Max Polyakov Purchases Majority Stake in Dragonfly Aerospace
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Украинский бизнесмен Поляков купил производителя спутников Dragonfly
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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.