Apollo Fusion is a manufacturer specializing in electric propulsion systems for satellites. They designed and built state-of-the-art Hall thruster systems, like the Apollo Constellation Engine (ACE), for government and commercial satellite programs. In 2021, Apollo Fusion was acquired by Astra Space to expand Astra's launch capabilities beyond low Earth orbit. Their propulsion systems have been used by customers like Spaceflight Inc. and are designed for high-volume manufacturing to meet the demands of modern satellite constellations.
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Astra is acquiring Apollo Fusion in a transaction valued up to $145,000,000.
Apollo Fusion team members have developed, designed, or manufactured hardware flying on more than 2,000 satellites on orbit today.
Astra is purchasing Apollo Fusion for an initial purchase price of $50,000,000 consisting of $30,000,000 in stock and $20,000,000 in cash.
The acquisition of Apollo Fusion enables Astra to provide launch and space services beyond low Earth orbit to medium Earth orbit, geostationary orbit, and lunar orbits.
The Astra acquisition of Apollo Fusion includes potential earn-outs of up to $95,000,000 consisting of $10,000,000 in employee incentive stock, $10,000,000 in cash for reaching technical milestones, and $75,000,000 ($60,000,000 in stock and $15,000,000 in cash) for reaching revenue milestones.
Apollo Fusion manufactures a leading electric propulsion engine.
The electric Sherpa on‑orbit transfer vehicle on Transporter-2 will feature a propulsion system from Apollo Fusion.
Astra Space, Inc. acquired Apollo Fusion to expand its total addressable market and enable reach to mid-Earth, geosynchronous, and lunar orbits.
Apollo Fusion team members have contributed to over 2,000 satellites in orbit today.
The acquisition of Apollo Fusion enables Astra to provide launch and space services beyond low Earth orbit to medium Earth orbit, geosynchronous orbit, and lunar orbit.
The acquisition deal includes up to $95,000,000 in earn-out incentives if Apollo Fusion reaches specified technical and revenue milestones.
The Apollo Fusion team being acquired includes individuals with experience from Google, Tesla, and SpaceX and individuals who have developed, designed, and manufactured hardware flying on over 2,000 satellites in orbit.
Astra is acquiring Apollo Fusion for a $50,000,000 purchase price consisting of $30,000,000 in stock and $20,000,000 in cash.
Astra is purchasing Apollo Fusion for $30,000,000 in stock and $20,000,000 in cash.
Astra will acquire Apollo Fusion.
Apollo Fusion's solutions are easy to manufacture and assemble.
The acquisition of Apollo Fusion enables Astra to efficiently deliver and operate throughout the solar system.
Astra plans to complete a merger with the special purpose acquisition company Holicity later 2021, and the Apollo Fusion acquisition will close after that merger is complete.
Apollo Fusion continues to optimize for manufacturability and scalability.
Astra chose Apollo Fusion because they developed a cost-effective and reliable electric propulsion system at scale.