AE Industrial Partners
Hiring challenges in the space industry will lead to more acquisitions as way for companies to access talent and expand their workforces, investors said during an April 4 space finance session at the 37th Space Symposium.
AE Industrial Partners is buying the part of Firefly Aerospace currently owned by Noosphere Venture Partners, which previously announced it was being forced by the federal government to sell its stake in the launch vehicle developer.
Terran Orbital, the parent company of Tyvak and PredaSAR, announced plans Oct. 28 to go public through a merger with a special-purpose acquisition company.
AE Industrial Partners subsidiary American Pacific Corp. announced a multimillion-dollar investment in Frontier Aerospace, a space propulsion startup based in Simi Valley, California. The terms of the deal were not disclosed.
As a wave of acquisitions washes over the space industry, NewSpace investors are finally finding the exits — just not where they expected them to be.