Phantom Space acquires StratSpace in pursuit of becoming a turnkey space service
Even as 2021 shapes up to see a record number of launches, demand is growing fast. Companies like Phantom Space Corporation aim to fill it with mass manufacturing techniques never yet seen in the space industry. Now the company has acquired StratSpace, a satellite program designer and manager, Phantom Space announced Tuesday. It’s a critical step toward building out a turnkey space transportation and manufacturing service, Phantom Space co-founder Michal Prywata told TechCrunch.
“[StratSpace] has all the know-how, all the tools, the satellite structures, communication systems that can make a spacecraft operate,” he explained. “Which is very critical for us, because we want to be one of the first companies that covers that full spectrum of service from start to finish.” The company declined to disclose the terms of the acquisition.
Like many businesses, the Alaska Aerospace Corp., which runs the Kodiak Pacific Spaceport Complex, did not weather the COVID-19 pandemic unscathed.Â
Mark Lester, the CEO of the corporation, said the company has lost 45% of its revenue during the pandemic.Â
In a presentation to the Kodiak Island Borough Assembly last week, he said he expects the decrease to continue into 2022 following the delay of several government contracts.Â
The company had to lay off and furlough some of its employees due to the decreased revenue.Â
Lester, who said he also took a pay cut, noted that 70% of the layoffs and furloughs were from the corporate side of the company.Â
An Alaska aerospace startup achieves its orbital ambitions Published 1 hour ago
From left, community coordinator Mitchel Jurasek, hardware engineer Jacob Powell, chief technician Tim Paszalek, director of operations Rachel Williams, and founder and CEO Ben Kellie pose for a photo at The Launch Company on Thursday, April 1, 2021. The Anchorage-based aerospace business was acquired by Voyager Space Holdings on April 1, but will continue to operate from their base in Alaska. (Loren Holmes / ADN)
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Print article On a recent weekday at a mural-covered warehouse in Anchorage’s Ship Creek area, engineers stuff shipping containers with tubing, pumps, and tanks. Many of these will be shipped to launch sites across the country and hooked up to rockets, feeding it fuel through stainless steel hoses.
Stable Road Acquisition s (NASDAQ:SRAC) Momentus.
New Providence Acquisition s (NASDAQ:NPA) AST SpaceMobile.
And soon, space investors will have a fourth pure play space company to choose from when special purpose acquisition company (SPAC)
Holicity (NASDAQ:HOL) brings small rocket launcher Astra public in a SPAC-sponsored, reverse-merger IPO.
Image source: Astra.
Holicity announced the news on Tuesday, saying it has reached a definitive agreement to acquire Astra and bring the start-up space-launch provider public in the second quarter of 2021 with an implied pro forma enterprise value . of approximately $2.1 billion.
Astra conducted a mostly successful space launch in December when its Rocket 3.2 launch vehicle launched from the Pacific Spaceport Complex in Kodiak, Alaska. The test flight was Astra s third attempt, preceded by one rocket that failed
New Spaceport jobs projected to inject $4m into local economy kodiakdailymirror.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kodiakdailymirror.com Daily Mail and Mail on Sunday newspapers.