Aerospace and defense industry

Space factory startup Varda secures NASA partnerships ahead of demo flight next year

Space factory startup Varda secures NASA partnerships ahead of demo flight next year

Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system. Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity …

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Space company Masten files for bankruptcy after struggle with NASA moon contract

Space company Masten files for bankruptcy after struggle with NASA moon contract

Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the …

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