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Orbit Fab announced plans to move its base from San Francisco to Colorado.
The $12,000,000 contract is the largest government contract Orbit Fab has won to date.
The $12,000,000 funding for Orbit Fab’s contract includes $6,000,000 from the U.S. Air Force and U.S. Space Force and $6,000,000 from Orbit Fab’s private investors.
Orbit Fab’s first geostationary tanker is projected to launch later 2022 or next year on a SpaceX commercial lunar lander mission.
Orbit Fab is working with commercial and government customers to equip their satellites with RAFTI ports so the satellites can be refueled and continue operating.
Colorado offered Orbit Fab tax incentives worth as much as $4,600,000 based on Orbit Fab’s promise to create nearly 200 high-paying jobs.
The agreement between Phase Four and Orbit Fab was announced on 2022-01-24.
Phase Four will work with Orbit Fab to evaluate the refueling potential of traditional electric propulsion propellants such as xenon for Maxwell engines.
Under the contract, Orbit Fab will deliver the fuel for a fixed price and Astroscale commits to purchase that fuel.
Orbit Fab anticipates deploying dozens of fuel tankers and shuttles in the next 5 to 10 years positioned in proximity to customer satellite constellations in low Earth orbit (LEO), geostationary orbit (GEO), and cislunar space.
Orbit Fab expects to deploy dozens of fuel tankers and shuttles in the next five to 10 years in both low Earth orbit and geostationary orbit.
Under the initial agreement, Orbit Fab’s GEO fuel shuttle will resupply Astroscale’s fleet of LEXI Servicers with up to 1,000 kg of Xenon propellant.
Orbit Fab’s first two fuel shuttles will be commissioned in LEO in 2023.
Orbit Fab expects to deploy dozens of fuel tankers and shuttles in the next 5 to 10 years positioned in low Earth orbit, GEO, and cislunar space.
The agreement commits Orbit Fab to supply up to 1,000 kg of xenon propellant to refuel Astroscale’s LEXI vehicles.
Orbit Fab deployed its first propellant-storage tanker in low Earth orbit and planned a launch of its first tanker to geostationary orbit on a SpaceX Falcon 9 lunar lander mission projected for late 2022 or early 2023.
Type One Ventures has invested in Cosmic Shielding Corp., OrbitFab, SpaceX, a stealth space company, and Made In Space prior to its acquisition by Redwire in 2020.
Lockheed Martin has invested in commercial space companies including Terran Orbital, Rocket Lab, ABL Space Systems, and Orbit Fab.
Northrop Grumman has invested in Orbit Fab.
Orbit Fab announced plans last month to launch a much larger tanker to geostationary orbit.