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Space Robotics Market Is Booming So Rapidly | Top Players Astrobotic Technology, Honeybee Robotics, Altius Space Machines
iCrowd Newswire
31 May 2021, 22:06 GMT+10
Latest survey on Global Space Robotics Market is conducted to provide hidden gems performance analysis to better demonstrate competitive environment of Space Robotics. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end use applications. The report bridges the historical data from 2015 to 2020 and forecasted till 2026 , the outbreak of latest scenario in Global Space Robotics market have made companies uncertain about their future outlook as the disturbance in supply chain and production line have made serious economic slump. Some are the key & emerging players that are part of coverage and profiled in the study are Astrobotic Technology, Honeybee Robotics, Altius Space Machines, Maxar Technologies, Made In Space
Voyager Space Holdings has completed its acquisition of a majority stake in
X.O. Markets and its largest subsidiary
Nanoracks, the company announced May 10. The deal was first announced in December 2020. Financial terms of the deal were not disclosed, but Voyager said it plans to put growth capital into the business.
Nanoracks offers satellite deployment solutions and has launched more than 1,000 projects to the ISS. Last year, the company launched Bishop Airlock, the first commercial, permanent addition to the ISS on
SpaceX’s CRS-21 mission. Nanoracks is also working on its Outpost Program, to own and operate commercial space stations in the future.
Voyager Space Holdings sets it sights on space stations with majority stake in Nanoracks
Voyager Space Holdings has added X.O. Markets, the parent of commercial space service venture Nanoracks, to its growing catalogue of space companies. The agreement was first announced last December.
This is Voyager’s fourth majority stake acquisition of a space company since its founding in October 2019, and it won’t be its last. Voyager CEO Dylan Taylor told TechCrunch that he anticipates the company will announce two to four more acquisitions this year. It’s an aggressive strategy, but key to understanding Voyager’s business model.
“Voyager is the perfect partner for us because they really understand our unique capabilities and the vision we have for The Launch Company,” said Ben Kellie, CEO and founder of The Launch Company. “Because of Voyager’s integrated model and their connections in the industry, we will be able to stay laser-focused on meeting our milestones and reaching our ultimate goal, which is to build standardized launch hardware to meet the demand of a rapidly growing industry.”