Ex NASA Administrator Jim Bridenstine has been named to the advisory board of Denver-centered Voyager Space Holdings, which has been purchasing companies to create a vertically integrated space exploration firm. Bridenstine, who entered the board of directors of the satellite provider Viasat on April 1, also made two corporate announcements last week. Voyager’s chairman and Chief Executive Officer, Dylan Taylor, stated his experience would assist in the company’s “aggressive and optimistic growth strategy.” Since its inception in October of this year, Voyager has acquired four businesses.
The most recent acquisition was a controlling interest in Nanoracks, which supports commercial satellite launches from the International Space Station in December 2020. Altius Space Machines, a supplier of on-orbit satellite services, Pioneer Astronautics, as well as The Launch Company are among the other acquisitions.
In a March 3 interview with SpaceNews, Matthew Kuta, who serves as the president as well as COO of Voyager, said the company was currently aiming at over a dozen possible acquisition targets. The corporation wants to become the main contractor for space exploration projects by leveraging numerous space companies’ creativity, which has spread widely in recent years thanks to venture capital investments.
Bridenstine oversaw NASA’s space exploration goals, including the launch of the Artemis human lunar exploration program. He also works as a senior advisor for Acorn Growth Companies, which is a private equity company he entered shortly after resigning from NASA on January 20 towards the conclusion of the Trump admin. In a prepared speech, Bridenstine stated, “The commercial space industry is a vital component of the United States’ performance as a global leader as well as plays a central role in protecting the defense of our country.”
“Voyager’s position in discovering and promoting the groundbreaking work being done by these commercial space firms is both unique and extremely valuable,” Kuta announced on March 3 that the organization expects to go public over the next twelve months or so based on business conditions.
He said the corporation has not made up its mind about pursuing a merger with a special-purpose acquisition company (SPAC), an exceedingly successful financial vehicle in the space sector that expedites the path to public markets. A typical initial public offering, or IPO, is a more time-consuming mechanism and will result in a greater portion of the venture’s profits. Redwire, which has acquired many space technology firms in the last year, announced intentions to go public via a SPAC acquisition on March 25.https://clarkcountyblog.com/