Voyager Space Holdings announces acquisition of Pioneer Astronautics

Voyager Space Holdings announces acquisition of Pioneer Astronautics


Pioneer Astronautics was founded in 1996 by aerospace engineer and author Robert Zubrin, known for his advocacy of human exploration of outer space.

WASHINGTON — Voyager Space Holdings announced July 13 it is acquiring Pioneer Astronautics, a company that develops technologies to make human life sustainable in outer space.

The acquisition of Pioneer Astronautics, based in Lakewood, Colorado, was a cash and stock transaction.

Denver-based Voyager, backed by angel investor Dylan Taylor, was founded in October 2019 as an alternative to the traditional venture capital models. This is Voyager’s second acquisition. The first one was space robotics company Altius Space Machines, based in Broomfield, Colorado.

Pioneer Astronautics was founded in 1996 by aerospace engineer and author Robert Zubrin, known for his advocacy of human exploration of outer space.

Zubrin’s company develops technologies that transform local materials found in space into resources to support exploration and settlement. It was one of four businesses selected by NASA’s Artemis program earlier this month to help mature technologies for sustainable exploration of the moon and manufacturing using lunar resources.

Pioneer Astronautics under the NASA contract will build and demonstrate hardware to produce oxygen and steel from lunar regolith, or moon dust.

Zubrin said in a statement that Voyager’s acquisition will help advance these goals by providing “long-term, permanent capital.”

Matthew Kuta, Voyager president and chief operating officer, told SpaceNews that Pioneer Astronautics is an attractive investment because of its deep technological expertise and its steady stream of revenue from government contracts, mostly from NASA.

“Voyager has a long term horizon,” said Kuta. “To make oxygen out of moon dust, you have to have a long term horizon for that.”

Voyager chose to bring Pioneer Astronautics into its portfolio both for its intellectual property and human capital, Kuta said. “They’ve been in business for 24 years, they’ve endured multiple recessions. Zubrin understands how to efficiently operate these type of companies.”

Voyager’s newly created subsidiary Voyager Space Management Services provides overhead support to the companies it owns, such as lobbying, government contracting support, proposal writing and accounting.

A separate subsidiary, Voyager Space IP Holdings, manages intellectual property acquisitions and monetization. “Pioneer Astronautics has a lot of IP now held by our IP holding company so we can find ways to capitalize that,” said Kuta.

Voyager plans to grow Pioneer Astronautics’ business beyond NASA into other government agencies such as the Defense and Energy Departments, he said. The technologies Pioneer is developing would help not only sustain human life on the moon or other planets but also make sure people can return to Earth, Kuta said. “If there’s an equipment malfunction there are technologies to create the resources needed to get people back home safely.”

Sometime over the next two years Voyager is looking to become a publicly traded company, said Kuta. The timing will depend on conditions in the capital markets.

Kuta said venture-funded space companies will continue to struggle from the effects of the coronavirus pandemic and the ensuing economic downturn as well as travel restrictions. “It’s hard to get someone to write a million-dollar check if they can’t meet that person face to face.”

Comments

Post a Comment

Popular posts from this blog

You may soon be able to ride to the edge of space from Alaska in a Balloon

Image
You may soon be able to ride to the edge of space from Alaska in a Balloon Florida-based startup firm Space Perspective plans to use the Pacific Spaceport Complex in Kodiak to serve as one of the launch sites for the vehicle, called the Spaceship Neptune A company wants to use an advanced balloon to fly customers from Earth’s surface in Alaska to the highest reaches of the planet’s atmosphere. Florida-based startup firm Space Perspective plans to use the Pacific Spaceport Complex in Kodiak to serve as one of the launch sites for the vehicle, called the Spaceship Neptune,  The Anchorage Daily News  reported on Sunday. The balloon rides will be manned by a flight crew taking eight passengers in a pressurized capsule suspended beneath a hydrogen balloon the size of a football stadium. Each passenger could pay an estimated $125,000 for a six-hour journey. Mark Lester, CEO of Alaska Aerospace Corp., said the high-altitude rides will be available from Kodiak in a few years and will ...
Read more

Committee recommends review of planetary protection policies

Image
Committee recommends review of planetary protection policies WASHINGTON — The NASA Advisory Council has recommended that NASA review its existing planetary protection guidelines to balance the needs of science and exploration, an effort that could set the stage for a similar revision at the international level. The council, during a two-day meeting at NASA Headquarters Dec. 10–11, adopted a recommendation calling on NASA to establish an interdisciplinary committee of experts to review the agency’s current requirements for preventing contamination of other worlds by NASA spacecraft as well as any contamination of the Earth by materials brought back from those worlds. “NASA should establish a multidisciplinary task force of experts from industry, the scientific community, and relevant government agencies, to develop U.S. policies that properly balance the legitimate need to protect against the harmful contamination of the Earth or other celestial bodies with the scientific, social, and e...
Read more

Surprise! There's more water on Jupiter than anyone thought

Surprise! There's more water on Jupiter than anyone thought Jupiter  appears to have more water than anyone expected. Newly released data from  NASA's Juno probe shows that water may make up about 0.25% of the molecules in the atmosphere over Jupiter's equator. While that doesn't sound like much, the calculation is based on a prevalence of water's components, hydrogen and oxygen, three times more than at the sun. The new measurements Juno obtained are much higher than a previous mission suggested. The surprise result has scientists delving deep again into results from  NASA's Galileo mission to Jupiter , which obtained drier results in 1995 when engineers deliberately threw the spacecraft into Jupiter's atmosphere. (Galileo was low on fuel and NASA didn't want to take the chance, even if it was a slight one, of the spacecraft accidentally crashing on a potentially habitable icy moon.) Reconciling the results from Galileo and Juno is key for sc...
Read more