{"id":55709,"date":"2022-03-22T22:52:02","date_gmt":"2022-03-22T14:52:02","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/new-space-companies-face-a-pivotal-year-in-2022\/"},"modified":"2022-03-22T22:52:02","modified_gmt":"2022-03-22T14:52:02","slug":"new-space-companies-face-a-pivotal-year-in-2022","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/new-space-companies-face-a-pivotal-year-in-2022\/","title":{"rendered":"New Space Companies Face a Pivotal Year in 2022"},"content":{"rendered":"<p>The New Space economy is poised for a big growth year in all areas, from satellite manufacturing to rocket launches, and satellite self-servicing. It\u2019s also poised for a lot of competition, with much of the buzz centered on recent SPAC (special purpose acquisition company) deals and IPOs, as well as advancements in technology. <\/p>\n<p>\u201cI can\u2019t imagine a more exciting time in the space industry,\u201d said John Rood, chairman and CEO of Momentus, which is working to provide space infrastructure services including space transport and in-orbit servicing. \u201cThe space economy is rapidly growing and more players with unique perspectives and interesting ideas are rallying to shape the space economy.\u201d<\/p>\n<p>\t\t\t\t<img loading=\"lazy\" width=\"300\" height=\"225\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2022\/03\/jmHjMyBWRSr0SChTVf93_VS_ShowDaily20202220DGTL_Cover_Day3-300x225.jpg\" class=\"attachment-medium size-medium\" alt=\"\" style=\"width: 120px; height: auto;\" decoding=\"async\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2022\/03\/jmHjMyBWRSr0SChTVf93_VS_ShowDaily20202220DGTL_Cover_Day3-300x225.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2022\/03\/jmHjMyBWRSr0SChTVf93_VS_ShowDaily20202220DGTL_Cover_Day3-800x599.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2022\/03\/jmHjMyBWRSr0SChTVf93_VS_ShowDaily20202220DGTL_Cover_Day3-640x480.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2022\/03\/jmHjMyBWRSr0SChTVf93_VS_ShowDaily20202220DGTL_Cover_Day3.jpg 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\">\t\t\t<\/p>\n<h3 class=\"fs-5 mt-0\">Explore the Show Daily 2022 Day 3 Issue<\/h3>\n<p class=\"mb-0 fs-smaller text-balance\">Check out more from this issue and find your next story to read.<\/p>\n<p>\t\t\t<button class=\"btn btn-primary\" type=\"button\" data-bs-toggle=\"offcanvas\" data-bs-target=\"#offcanvasMENU\" aria-controls=\"offcanvasExample\" aria-label=\"button\" style=\"white-space: nowrap;\"><br \/>\n\t\t\t\tView More <i class=\"bi bi-arrow-right-circle\"><\/i><br \/>\n\t\t\t<\/button><\/p>\n<p>In 2022, Momentus has lots of plans in the works, but is especially psyched about one milestone in particular: The launch of its inaugural Vigoride vehicle, which will provide in-space transportation services mainly in Low-Earth Orbit (LEO). <\/p>\n<p>\u201cWe\u2019ve done extensive ground testing of our technology and our priority milestone is to put our technology through its paces in space as early as June 2022, pending receipt of the appropriate government licenses and our efforts to get our vehicle ready for launch,\u201d said Rood. \u201cOur team has been working incredibly hard to prepare for this opportunity. We are also planning a follow-on mission in the second half of 2022, subject to the same caveats.\u201d <\/p>\n<p>The company is also looking forward to testing its Microwave Electrothermal (MET) propulsion technology that uses water as a propellant in space. <\/p>\n<p><script>var AIAD_fcd45f981d570e35cee941b23edc69c7_6a6bc2bea2ff2;googletag.cmd.push(function(){var AIMAP_29b58f13885ebf8ea6b032f958eb0748 = googletag.sizeMapping().addSize([992, 100], [[970, 90], [970, 250]]).addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_737ce075cc05dd766c8f8ea08f3faa73 = googletag.sizeMapping().addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_21fe3bcfb86a8660aba4e721ee9338f3 = googletag.sizeMapping().addSize([1200, 100], [970, 250]).addSize([768, 100], [600, 300]).addSize([320, 100], [300, 250]).build();AIAD_fcd45f981d570e35cee941b23edc69c7_6a6bc2bea2ff2 = googletag.defineSlot('\/987\/satellitetoday.com\/via-satellite-digital-issue-ads', [ [600, 300], [300, 250], [970, 250] ], 'div-gpt-ad-1774631144891- 0-6a6bc2bea2ff3').defineSizeMapping(AIMAP_21fe3bcfb86a8660aba4e721ee9338f3).setCollapseEmptyDiv(true).addService(googletag.pubads());   });<\/script><script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1774631144891- 0-6a6bc2bea2ff3'); });<\/script><\/p>\n<p>\u201cThe MET technology has been the subject of many studies in university labs since the 1980s, but we are pioneers in commercializing it,\u201d said Rood.<\/p>\n<p>Rood\u2019s enthusiasm is contagious and reflected by a growing number of New Space entrepreneurs and industry veterans, who see the skies as their template for making a big mark \u2014 and a profound impact. <\/p>\n<p>\u201cWe are seeing a revolutionary approach to delivering satellites and other spacecraft across a wide range of companies,\u201d said Mello, president of Firefly Aerospace\u2019s government subsidiary, Firefly Space Transport Services (STS), which successfully completed its first orbital test last September. \u201cThe space ecosystem coupled with the space economy is something [ Firefly Aerospace] is planning to capitalize on with our launch, in-space, and lander businesses. We are focused on delivering to our commercial and government customers with the most innovative workforce driven by a passion to change how we transport to and in space.\u201d <\/p>\n<p>Betting Big with SPAC Plans<\/p>\n<p>One area of particular interest in 2022 is the high number of recent SPACs and IPOs within the space industry. <\/p>\n<p>While the SPACs have existed since the 1990s, they\u2019ve become more popular recently, and a number of New Space players have used the route to go public including Momentus, Rocket Lab, Astra Space, BlackSky, Spire Global, AST SpaceMobile, and Planet.  <\/p>\n<p>\u201cWe successfully took Momentus public via a SPAC merger in August and we were quite pleased with the low rate of redemptions relative to some other recent de-SPACs,\u201d said Rood. \u201cThis transaction provided us with significant capital to evolve our business. We\u2019ve been a public company for approximately six months and our focus now is on the future.\u201d <\/p>\n<p>However, Firefly\u2019s Mello cautions that while his company is not opposed to a SPAC as a means to raise capital, a company should show repeatable reliability in its ability to achieve their customers missions and generate revenue before going public. <\/p>\n<p>\u201cOur decision to launch out of Vandenberg Space Force Base, versus other less regulated spaceport complexes, was born out of our desire to test our readiness capabilities,\u201d he said. <\/p>\n<p><script>var AIAD_fcd45f981d570e35cee941b23edc69c7_6a6bc2bea36cc;googletag.cmd.push(function(){var AIMAP_29b58f13885ebf8ea6b032f958eb0748 = googletag.sizeMapping().addSize([992, 100], [[970, 90], [970, 250]]).addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_737ce075cc05dd766c8f8ea08f3faa73 = googletag.sizeMapping().addSize([768, 100], [728, 90]).addSize([320, 100], [320, 50]).build();var AIMAP_21fe3bcfb86a8660aba4e721ee9338f3 = googletag.sizeMapping().addSize([1200, 100], [970, 250]).addSize([768, 100], [600, 300]).addSize([320, 100], [300, 250]).build();AIAD_fcd45f981d570e35cee941b23edc69c7_6a6bc2bea36cc = googletag.defineSlot('\/987\/satellitetoday.com\/via-satellite-digital-issue-ads', [ [600, 300], [300, 250], [970, 250] ], 'div-gpt-ad-1774631144891- 0-6a6bc2bea36cd').defineSizeMapping(AIMAP_21fe3bcfb86a8660aba4e721ee9338f3).setCollapseEmptyDiv(true).addService(googletag.pubads());   });<\/script><script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1774631144891- 0-6a6bc2bea36cd'); });<\/script><\/p>\n<p>Meanwhile, Terran Orbital, a satellite manufacturer that is undergoing $1.5 billion SPAC deal with Tailwind Two Acquisition Corp., has its sights set beyond 2022 as it builds out what CEO and founder Marc Bell referred to as the world\u2019s largest satellite manufacturing facility in Cape Canaveral, Florida, on Merritt Island. The company already operates a 128,000-square-foot facility in Irvine, California.<\/p>\n<p>The new 660,000-square-foot Florida factory will be capable of producing thousands of different types of space vehicles per year, including 1,000 complete satellites and more than 1 million satellite components per year, according to a company news release.<\/p>\n<p>\u201cNo matter who you are, we can build it,\u201d said Bell. \u201cWe have a one-stop solution \u2026  we\u2019ll do the whole nine yards for a customer.\u201d <\/p>\n<p>Looking Further Ahead<\/p>\n<p>Plans for 2023 may look even brighter if 2022 goes as planned. <\/p>\n<p>For example: Terran Orbital\u2019s Bell expressed excitement for the company\u2019s buildout of its own constellation of small Earth observation Synthetic Aperture Radar (SAR) satellites to offer persistent, real-time Earth imagery for multiple applications. <\/p>\n<p>\u201cAs a kid I wanted to be an astronaut,\u201d said Bell. \u201cAnd a little less than 10 years ago I discovered the cubesat, went to Space X, saw rockets and thought to myself, \u2018Why would someone build something the size of a school bus when computing is so small?\u2019\u201d <\/p>\n<p>Firefly Aerospace, meanwhile, is focused on delivering customer payloads to their preferred orbits, at their chosen times and their chosen seat mates.  <\/p>\n<p>\u201cWe are not the space bus of the future, we are space Uber to take you where you want to go,\u201d says Mello. \u201cThe other important trend is the proliferation of launch vehicles companies aimed to disrupt the market. Our end-to-end space transportation goes beyond the standard launch company.\u201d <\/p>\n<p>,<\/p>\n<h2 class=\"widget-title\">In This Issue<\/h2>\n<p>\t\t\t\t\t<!-- post id 442:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img loading=\"lazy\" width=\"300\" height=\"225\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/IKlw7r0yRaaKkVZWH94W_JLcSB4smSV2swxJNcwod_VS_ShowDaily20202220DGTL_Image-300x225.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/IKlw7r0yRaaKkVZWH94W_JLcSB4smSV2swxJNcwod_VS_ShowDaily20202220DGTL_Image-300x225.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/IKlw7r0yRaaKkVZWH94W_JLcSB4smSV2swxJNcwod_VS_ShowDaily20202220DGTL_Image-800x599.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/IKlw7r0yRaaKkVZWH94W_JLcSB4smSV2swxJNcwod_VS_ShowDaily20202220DGTL_Image-640x480.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/IKlw7r0yRaaKkVZWH94W_JLcSB4smSV2swxJNcwod_VS_ShowDaily20202220DGTL_Image.jpg 1280w\" sizes=\"(max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tCommercial Space Accelerates Data Delivery for JADC2 Programs<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3 d-block d-md-none\">\n\t\t\t\t\t\t<!-- post id 440:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"200\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/qMXPPgPBQPSiOtC1TLHJ_Z6C_8367_Bridlestine-300x200.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/qMXPPgPBQPSiOtC1TLHJ_Z6C_8367_Bridlestine-300x200.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/qMXPPgPBQPSiOtC1TLHJ_Z6C_8367_Bridlestine-800x533.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/qMXPPgPBQPSiOtC1TLHJ_Z6C_8367_Bridlestine-640x426.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/qMXPPgPBQPSiOtC1TLHJ_Z6C_8367_Bridlestine.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tFormer NASA Administrator Jim Bridenstine Calls for Regulation to Preserve Space for All<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3\">\n<p>\t\t\t\t\t<!-- post id 439:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"200\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/io2ZztDvTPOPEE7uZCk7_Z6C_8402_SAT20Industry20Leaders-300x200.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/io2ZztDvTPOPEE7uZCk7_Z6C_8402_SAT20Industry20Leaders-300x200.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/io2ZztDvTPOPEE7uZCk7_Z6C_8402_SAT20Industry20Leaders-800x534.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/io2ZztDvTPOPEE7uZCk7_Z6C_8402_SAT20Industry20Leaders-640x428.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/io2ZztDvTPOPEE7uZCk7_Z6C_8402_SAT20Industry20Leaders.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tSatellite Industry Leaders Define Their Biggest Opportunities and Threats<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3 d-block d-md-none\">\n\t\t\t\t\t\t<!-- post id 445:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"225\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/VvcoYjhORkmNhQAnkX0J_VS_030122_DGTL_4-300x225.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/VvcoYjhORkmNhQAnkX0J_VS_030122_DGTL_4-300x225.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/VvcoYjhORkmNhQAnkX0J_VS_030122_DGTL_4-800x599.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/VvcoYjhORkmNhQAnkX0J_VS_030122_DGTL_4-640x480.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/VvcoYjhORkmNhQAnkX0J_VS_030122_DGTL_4.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tSatellite Technology of the Year Nominees for 2021<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3\">\n<p>\t\t\t\t\t<!-- post id 443:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"200\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/rPRtTyrBQnqDtUXyt7Eo_Z6C_8086_Smallsat20Launch-300x200.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/rPRtTyrBQnqDtUXyt7Eo_Z6C_8086_Smallsat20Launch-300x200.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/rPRtTyrBQnqDtUXyt7Eo_Z6C_8086_Smallsat20Launch-800x533.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/rPRtTyrBQnqDtUXyt7Eo_Z6C_8086_Smallsat20Launch-640x426.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/rPRtTyrBQnqDtUXyt7Eo_Z6C_8086_Smallsat20Launch.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tSmallsat Launchers Focus on Customer Requirements and Attracting the Right Talent<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n<hr class=\"my-3 d-block d-md-none\">\n\t\t\t\t\t\t<!-- post id 441:  \/code\/wp-content\/themes\/ai-beehive\/template-parts\/content\/post-snippet.php --><\/p>\n<figure class=\"overflow-hidden w-100 me-3\">\n<p>\t<img width=\"300\" height=\"200\" src=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/pPM4q01dRvOQA8XVDIln_Z6C_7997_Smallsat20Ground-300x200.jpg\" class=\"img-responsive wp-post-image\" alt=\"\" style=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/pPM4q01dRvOQA8XVDIln_Z6C_7997_Smallsat20Ground-300x200.jpg 300w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/pPM4q01dRvOQA8XVDIln_Z6C_7997_Smallsat20Ground-800x533.jpg 800w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/pPM4q01dRvOQA8XVDIln_Z6C_7997_Smallsat20Ground-640x426.jpg 640w, https:\/\/www.satellitetoday.com\/wp-content\/uploads\/2017\/01\/pPM4q01dRvOQA8XVDIln_Z6C_7997_Smallsat20Ground.jpg 1280w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\">\t\t\t\t\t<\/figure>\n<h3 class=\"fs-4 w-100 line-clamp-3\">\n<p>\t\t\t\tVirtualization Alleviates Pain Points for Smallsat Ground Customers<br \/>\n\t\t<\/h3>\n<p><!-- .post-snippet --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New Space economy is poised for a big growth year in all areas, from satellite manufacturing to rocket launches, and satellite self-servicing. It\u2019s also poised for a lot of competition, with much of the buzz centered on recent SPAC (special purpose acquisition company) deals and IPOs, as well as advancements in technology. \u201cI can\u2019t [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":55711,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-55709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/55709"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=55709"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/55709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/55711"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=55709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=55709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=55709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}