Phantom Space startup acquiring another established firm in bid to be ‘Henry Ford’ of rocket industry’
Phantom space, a two-year-old child from Arizona rocket launch, announced its second acquisition approved aerospace company for the past six months on Tuesday morning Florida-based Micro Aerospace Solutions.
“Some of their technology … is really cutting-edge, we have access to it, new products for that, but they’re filling our team, above all, with the rocket,” said Phantom Space co-founder and CEO Jim Cantrell FOX Business. “The launcher avionics is being built in Melbourne, Florida, and all the flight software we license from NASA will do all the testing.”
MAS was established in Melbourne, Florida, in 2000 and specializes in communications systems, space propulsion and electrical hardware for rockets and spacecraft. Phantom said in a press release that the acquisition would help the company achieve its goal of democratizing access to the launch, satellite and space travel industries.
“This is an exciting time for us to join Phantom and help them make their vision a reality,” MAS founder Dr. Don Platt said in a statement. “They’ve had an amazing year so far and have a lot in store for the near future, including the launch of the Phantom Daytona rocket.”
The acquisition of MAS continues Phantom’s trend to support 100% American business and supply chain.
Cantrell said MAS’s own communications technology will also help Phantom build a cloud-based satellite network over actual clouds — and outside high-traffic areas where space debris and debris could become a problem.
“As we continue and build our satellite constellation, called Phantom Cloud, the capabilities of the K-band, which they call software-defined radio, can be very agile at the frequencies and waveforms they receive,” he said. “So you can point a lot of different transmitters at him, he’ll take them.”
MAS specializes in micro-satellites and also manufactures engines and propulsion systems and software, and Phantom executives have in the past explained that they plan to reduce R&D costs through contracts and acquisitions as the company aims to position itself. as “Henry Ford of Space. “
And it’s no coincidence that Cantrell said the company is exploring vertical integration to maximize what it has to offer its customers when it is ready to send hundreds of rockets a year.
“What we’re finding is that the market is not only looking for a launch, but they also often want people to create satellites to go with the launch,” he said.
Not only does the Phantom aim to reduce financial barriers to space launches, as it aims to democratize the rocket industry, he added, but also the technical ones.
“Space is a growing market and attracts a lot more investment dollars, which will just keep it growing faster,” Cantrell said. “It exceeded all our expectations, those of us who have been in the industry for many years, and even those newcomers to the industry who are bullish.”
Phantom acquired aerospace firm StratSpace back in May and purchased engines for its Daytona rockets from Denver-based Ursa Major.
Cantrell compared the growing interest in rocketry and space travel to the Internet in the early 1990s, and said Phantom aims to continue pursuing strategic acquisitions to achieve its goals. The company declined to go into details about the cost of its deals with StratSpace and MAS.
Co-founder Michal Privata explained part of the plan back in May.
“We are actively considering a number of acquisitions at the moment in order to achieve the goal of building the overall infrastructure from A to Z,” said Privata. “We would like to be the first or one of the first companies to have this type of full range of space services.”
The first launch of the Phantom is expected to take place in early 2023 – making it one of the fastest startups to enter orbit.
“SpaceX did it in about six or seven years, and we would be about three and a half, four years old,” Cantrell said. “I’m pleased with that.”
As the Phantom works to open access to space, SpaceX founder Elon Musk is pushing for a huge government deal to return American astronauts to the moon – tweeting on Saturday that the lunar starship will be ready “probably earlier” than the mission’s goal. in 2024
And yet, as SpaceX aims to launch dozens of rockets a year over the next few years, Phantom’s long-term goal is hundreds.