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The acquisition deal includes up to $95,000,000 in earn-out incentives if Apollo Fusion reaches specified technical and revenue milestones.
The acquisition of Apollo Fusion enables Astra to efficiently deliver and operate throughout the solar system.
Apollo Fusion team members have contributed to over 2,000 satellites in orbit today.
Apollo Fusion manufactures a leading electric propulsion engine.
Astra planned the acquisition of Apollo Fusion in a transaction valued up to $145,000,000.
Apollo Fusion's solutions are easy to manufacture and assemble.
The Transporter-2 mission will feature Sherpa-FX2 and debut Sherpa-LTE1, which uses electric propulsion from Apollo Fusion.
Apollo Fusion will provide its Apollo Constellation Engine (ACE) electric propulsion system for a low Earth orbit constellation of at least 10 satellites that York Space Systems is building for launch in 2022.
An unnamed manufacturing partner that supplies Apollo Fusion produces other components for companies such as Northrop Grumman and Raytheon and can produce tens to hundreds of thruster units per month.
Apollo Fusion won an order from York Space Systems for a set of satellite electric propulsion systems on 2021-01-26.
Apollo Fusion currently offers two versions of the ACE thruster, one that uses 400 watts of power and one that uses 1,400 watts of power.
Saturn Satellite Networks will use Apollo Fusion’s Hall effect thrusters on the small geostationary orbit satellites it is developing.
Sherpa-LTE is an electric-propulsion orbital transfer vehicle that uses high specific impulse Xenon propellant and the ACE Hall thruster propulsion system developed by Apollo Fusion, Inc.
Apollo Fusion team members have designed and built propulsion systems that are flying on over 1,000 satellites in orbit.
Apollo Fusion has raised nearly $25,000,000 in funding.
Apollo Fusion will deliver three MaSMi-based thrusters to JPL primarily for ground testing, with one of the thrusters potentially usable on a future spacecraft.
Apollo Fusion signed an agreement with NASA’s Jet Propulsion Laboratory that gives Apollo Fusion an exclusive worldwide commercial license for JPL’s Magnetically Shielded Miniature (MaSMi) Hall thruster technology and a contract to provide JPL with three MaSMi-based thrusters.
Apollo Fusion expects AXE to be of interest to developers of high-power satellites, including all-electric geostationary satellites that seek higher performance to decrease transit time to geostationary orbit.
AXE will provide higher thrust and performance than Apollo Fusion’s existing Apollo Constellation Engine (ACE), with AXE specified at 1,000 watts and 55 millinewtons of thrust versus ACE at 400 watts and 24 millinewtons of thrust.
Apollo Fusion plans to start commercial production of AXE thrusters in early 2020.