Strategic Acquisition Combines Phantom Space, StratSpace
Space transportation technology development and manufacturing company Phantom Space Corporation has completed the strategic acquisition of StratSpace, a company providing strategic growth consulting, space market projections, as well as the design, build, and management of satellites and satellite programs. The acquisition of StratSpace has further propelled the company towards its goal of becoming a leading space company, covering the full spectrum of primary space services: from satellites to launch to space data infrastructure. This acquisition, the first of many, puts Phantom Space on a hyperscale trajectory to become a global leader in the industry.
"The record-breaking demand to move data through space strongly indicates that as satellites face expensive delays on large rideshare rockets due to limited launch cadence, demand for smaller satellites that give customers control over launch schedules will only continue to rise."
Michal Prywata, co-founder and CDO of Phantom.
The dramatic surge in satellites launching over the next decade comes amid the ongoing pandemic, at a time when national security, earth observation and global connectivity is more urgent than ever before. Since entering the market less than 24 months ago, Phantom has already generated record growth of over $100m in pre-sold satellite launch and satellite manufacturing contracts. During its 20 years in business, Stratspace has provided management, engineering and manufacturing support to 46 successful space missions and satellite programs. Through this strategic acquisition, Phantom will integrate StratSpace's core technologies and know-how to solidify its position as one of the only global providers of daily, low-cost and transparent access to space with it's own launch vehicles: the Daytona and Laguna rockets.
"Our goal at Phantom is to create a world where access to space truly is democratized and anyone could effectively launch satellites on their own schedule, and to an orbital plane of their choosing for their given application, and we are excited to accelerate this work through the acquisition of StratSpace," says Michal Prywata, co-founder and CDO of Phantom. "The record-breaking demand to move data through space strongly indicates that as satellites face expensive delays on large rideshare rockets due to limited launch cadence, demand for smaller satellites that give customers control over launch schedules will only continue to rise."
StratSpace's roles in 46 satellite and spaceflight programs is highlighted by its leading the development of the world's first solar sails (Lightsail 1&2 and Cosmos-1), systems engineering and launch integration roles in the world's first mass manufactured imaging satellites at Skybox imaging, systems engineering for the 100 satellite constellation Iridium Next and numerous DoD satellite systems. StratSpace also played key roles in the development of rideshare launch services at Spaceflight Systems. Throughout its 20-year lifespan, StratSpace clients have included NASA, Lockheed Martin, Boeing, Northrop Grumman and Orbital Sciences.
(Source: Phantom Space news release)