It came to Terry Wallace as an epiphany. On a Sunday about two years ago at his Palmer Township home, Wallace’s daughter Michaella posed a question before his weekly commute to New York City, where he kept an apartment for a job at WeWork.
To make getting into space as cheap as possible, rocket builders try to pack in as many satellites as possible. But what if they’e not all going to the same orbit? Just like you might need to ride a bike from the metro station to get to your final destination, satellites sometimes need a “last mile” solution too.
The next venture-backed space start-up that does just that is going public through a special acquisition company, or SPAC—a publicly traded company that raises money to buy a private firm, often one perceived as too risky to go public through a traditional IPO or a direct listing.
This time around, the target is Momentus Space. The purchaser is a fund raised by Stable Road Capital that trades on the NASDAQ as SRAC, and will become MNT in early 2021. It’s the same
Companies bring together data and immersive design expertise to create space training simulation tool for U.S. Space Force
Slingshot Aerospace, Inc., a leader in situational awareness technology, announced today that it has received $2 million to develop the Slingshot Orbital Laboratory, an immersive space simulation tool for the Space Force. This includes a $1 million Small Business Innovation Research (SBIR) Phase 2 contract from the United States Space Force and an additional $1 million from ATX Venture Partners. The company has partnered with THE THIRD FLOOR, the world’s leading visualization studio helping realize blockbuster films and shows such as Gravity, The Martian and The Mandalorian, to co-create a space visualization solution that is interactive and physics-based.
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Nominal image of Slingshot Orbital Laboratory. (Graphic: Business Wire)
“Space operators need to understand complicated concepts like astrodynamics, the effects of various