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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The health of the energetics community is a national priority.
The health of that part of the “energetics community” producing motors for tactical and strategic missiles is certainly a national priority – and one that has been criminally neglected for far too long in favor of propping up a single useless vendor of gigantic SRBs. Promontory, UT, thank goodness, will soon be returned to the coyotes and scorpions and the NewDef start-ups like X-Bow can get on with the job of producing more, newer and better motors on production lines that were not built by our grandfathers.