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Inversion Space has secured $44 million in a Series A funding round to advance its reentry vehicle, Arc, aimed at delivering cargo from space. The company plans to expand its workforce from 25 to 70 employees and is set for its first flight in 2026. With backing from notable investors including Lockheed Martin Ventures, Inversion is also exploring data collection and in-space testing capabilities.
Lockheed Martin has completed its acquisition of small satellite manufacturer Terran Orbital for approximately $450 million, enhancing its presence in the commercial satellite sector. The partnership, which began in 2017, allows Lockheed to utilize Terran's expertise in low-cost satellite production while Terran continues to operate as a merchant supplier. This acquisition follows a challenging financial period for Terran, which faced cash flow issues earlier this year.
In a recent episode of Commercial Space Transformers, Chris Moran, Vice President and General Manager of Lockheed Martin Ventures, discussed the company's significant investments in the space sector, including notable players like Rocket Lab and ABL Space. Lockheed Martin Ventures, which allocates about a third of its portfolio to space, is also in the process of acquiring satellite manufacturer Terran Orbital. The series, hosted by SpaceNews Senior Staff Writer Jason Rainbow, offers insights into the evolving landscape of the commercial space industry.
Chris Moran
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inversion space secures 44 million for reentry vehicle development
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Lockheed Martin Corporation
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Nabeel Hyatt
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23:25 20.11.2024
Lockheed Martin completes acquisition of Terran Orbital to enhance satellite capabilities
15:47 30.10.2024
lockheed martin ventures invests in commercial space transformation initiatives
Rocket Lab USA, Inc.
Lockheed Martin Corporation
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Terran Orbital Corporation
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Chris Moran
Jason Rainbow
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15:56 22.10.2024
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