Lockheed Martin invests in new solid-fueled rocket startup
In its most recent fund-raising round, the solid-fueled rocket startup X-Bow (pronounced “crossbow”) raised $35 million in private investment capital, with Lockheed Martin being the largest investor.
Lockheed Martin’s involvement marks a deepening interest in securing alternative sources for solid rocket motors, components that are increasingly vital to a wide range of U.S. missile systems, including hypersonic weapons. The investment comes three years after Lockheed’s attempt to acquire Aerojet Rocketdyne was blocked by the Federal Trade Commission on antitrust grounds. Aerojet was later bought by L3Harris Technologies, leaving Lockheed without a vertically integrated propulsion supplier.
Nor is this the first time that Lockheed Martin has invested in a rocket startup. It had previously invested in ABL and Orbex, both liquid-fueled but struggling or failing, as well as the much more successful Rocket Lab. It has also invested in the orbital tug startup Orbit Fab, the orbital capsule company Inversion Space, and the satellite startup Terran Orbital, which it ended up buying entirely.
All in all, Lockheed Martin appears determined to join the new wave of space startups, if not by doing it itself but by buying into the successes of new startups. So far this has not entirely paid off, but it does appear to be, in the long term, a viable strategy to keep Lockheed Martin competitive and in the game.
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In its most recent fund-raising round, the solid-fueled rocket startup X-Bow (pronounced “crossbow”) raised $35 million in private investment capital, with Lockheed Martin being the largest investor.
Lockheed Martin’s involvement marks a deepening interest in securing alternative sources for solid rocket motors, components that are increasingly vital to a wide range of U.S. missile systems, including hypersonic weapons. The investment comes three years after Lockheed’s attempt to acquire Aerojet Rocketdyne was blocked by the Federal Trade Commission on antitrust grounds. Aerojet was later bought by L3Harris Technologies, leaving Lockheed without a vertically integrated propulsion supplier.
Nor is this the first time that Lockheed Martin has invested in a rocket startup. It had previously invested in ABL and Orbex, both liquid-fueled but struggling or failing, as well as the much more successful Rocket Lab. It has also invested in the orbital tug startup Orbit Fab, the orbital capsule company Inversion Space, and the satellite startup Terran Orbital, which it ended up buying entirely.
All in all, Lockheed Martin appears determined to join the new wave of space startups, if not by doing it itself but by buying into the successes of new startups. So far this has not entirely paid off, but it does appear to be, in the long term, a viable strategy to keep Lockheed Martin competitive and in the game.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
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