DENVER, Dec. 23, 2020 /PRNewswire/ -- Voyager Space
Holdings, Inc. (Voyager), a global leader in space exploration,
today announced its intent to acquire a majority stake in XO
Markets and its largest subsidiary Nanoracks. Nanoracks is the
world's leading provider of commercial space services, offering
low-cost, high-quality solutions to the most pressing needs for
satellite deployment and basic and educational research in more
than 30 nations worldwide. As part of the transaction, Voyager will
be infusing significant growth capital into the business to support
the continued growth of Nanoracks utilization of the International
Space Station, on behalf of itself and its customers, and the
Nanoracks Space Outpost Program for private space platforms.
"Over the past decade my team and I have worked to grow
Nanoracks from a garage-based start up into the first commercial
space company with customers," said Jeffrey
Manber, CEO of Nanoracks. "We continue to push the envelope
of what's possible in commercial space. This critical leap forward
takes place as we have worked closely with NASA, the European Space
Agency and industry partners to equip the International Space
Station with our Bishop Airlock. With Voyager, we're confident in
our expanded team's ability to continue to deliver game-changing
technology industry-wide."
Based in Houston, Nanoracks is
the world's leading provider of commercial space services.
Nanoracks has launched over 1,000 projects to the International
Space Station, including microgravity research, small satellites
and missions to both low-Earth orbit and deep space. Nanoracks also
recently launched the first commercial airlock - The Bishop -
on the SpaceX CRS-21 mission on SpaceX's Falcon 9 rocket. The
Bishop Airlock is the first-ever commercial, permanent addition to
the International Space Station, bringing five times more customer
volume than currently available through the existing,
government-operated airlock. The company is also actively working
toward its long-term Outpost Program, which will enable
Nanoracks to own, operate and leverage commercial space stations,
repurposing in-space hardware to make discoveries that will change
life on Earth.
"Voyager is always on the lookout for organizations doing things
differently. Our model is best suited for companies like Nanoracks,
who are at the forefront of innovation and growing rapidly," said
Matthew Kuta, president and COO of
Voyager Space Holdings. "With Voyager's support, Nanoracks can
continue to do what it does best: develop in-space services and
technology that is poised to transform life on Earth and in
space."
Today's announcement comes on the heels of a transformative year
for Voyager. Voyager recently announced that it would be expanding
its footprint within the space supply chain via the acquisition of
a majority interest in The Launch Company, which would join current
subsidiaries Pioneer Astronautics and Altius Space Machines.
Alongside its growing subsidiary list, Voyager has also continued
to build out its executive team. The company recently expanded
its Washington, D.C. office with
the appointment of industry veteran Eric
Stallmer as Executive Vice President of Government Affairs
and Public Policy.
For more information on Voyager please visit:
https://voyagerspaceholdings.com/
About Voyager Space Holdings, Inc.
Voyager Space
Holdings, Inc. is a global leader in space exploration. Voyager's
long-term mission is to create a vertically integrated publicly
traded NewSpace company capable of delivering any mission humans
can conceive. By centralizing shared services functions at the
parent company level, Voyager enables engineer founded and led
subsidiaries to focus more on development of innovative products
and services. The firm's first in industry model is uniquely
tailored to support the growth needs of commercial space companies
by offering an alternative solution to traditional private capital
models and replaces them with a longer-term approach as a provider
of permanent capital. Voyager is led by founders and space industry
veterans Dylan Taylor and
Matthew Kuta, with a Board of
Directors that includes National Security Expert and four-star Air
Force General William Shelton,
leading investor Gabe Finke, and a
world leading planetary Scientist, Dr. Alan
Stern. To learn more about Voyager Space Holdings, Inc.,
please visit: http://voyagerspaceholdings.com/
About Nanoracks
Nanoracks LLC, an XO Markets company,
is the world's leading provider of commercial space services.
Nanoracks believes commercial space utilization will enable
innovation through in-space manufacturing of pharmaceuticals, fiber
optics – and more, allow for revolutionary Earth observation, and
make space a key player in finding the solution to Earth's
problems.
Today, the company offers low-cost, high-quality solutions to
the most pressing needs for satellite deployment, basic and
educational research, and more – in over 30 nations worldwide.
Nanoracks' future goals are focused on the re-purposing of the
upper stages of launch vehicles in-space and converting these
structures into commercial habitats, both humanly and robotically
tended, throughout the solar system.
XO Markets, the world's first commercial space holding company,
includes Nanoracks LLC, Nanoracks UAE, and wholly owned
subsidiaries DreamUp and Nanoracks Space Outpost Europe
(Nanoracks-Europe).
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains "forward-looking
statements." All statements, other than statements of
historical fact, including those with respect to Voyager Space
Holdings, Inc.'s (the "Company's") mission statement and growth
strategy, are "forward-looking statements." Although the
Company's management believes that such forward-looking statements
are reasonable, it cannot guarantee that such expectations are, or
will be, correct. These forward-looking statements involve many
risks and uncertainties, which could cause the Company's future
results to differ materially from those anticipated.
Potential risks and uncertainties include, among others, general
economic conditions and conditions affecting the industries in
which the Company operates; the uncertainty of regulatory
requirements and approvals; and the ability to obtain necessary
financing on acceptable terms or at all. Readers should not place
any undue reliance on forward-looking statements since they involve
these known and unknown uncertainties and other factors which are,
in some cases, beyond the Company's control and which could, and
likely will, materially affect actual results, levels of activity,
performance or achievements. Any forward-looking statement reflects
the Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. The Company assumes no obligation to publicly update or
revise these forward-looking statements for any reason, or to
update the reasons actual results could differ materially from
those anticipated in these forward-looking statements, even if new
information becomes available in the future.
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SOURCE Voyager Space Holdings Inc.