Despite near-term headwinds in the economy and the markets, executives and investors remain bullish about the space industry’s long-term prospects.
Redwire announced June 7 it won a contract to produce 42 tactical communications antennas for U.S. military satellites in low Earth orbit.
Space technology company Redwire said that while it still sees the commercial sector as its biggest prospect for long-term growth, volatility among its customers may cause delays.
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.
An industry group led by Blue Origin and Sierra Space, and including several other companies and organizations, announced plans Oct. 25 to cooperate on the development of a commercial space station.
Redwire is opening a digital engineering facility where government agencies and aerospace companies can prototype hardware, design space architectures and concepts of operations.
The space market is at a watershed moment as private and public investments continue to surge.
New accounting rules have thrown a wrench into a SPAC machine that has been catapulting space companies to the public markets.
Redwire acquired Roccor, a Longmont, Colorado company known for deployable spacecraft structures, and signaled its intention to continue expanding in an effort to become a leading space infrastructure company.
Redwire hired Al Tadros, former Maxar Technologies vice president of space infrastructure and civil space, to be its chief growth officer and executive vice president of space infrastructure.
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.