Rocket engine startup Ursa Major Technologies
Capitalism in space: While there appear to presently be about 100+ new rocket company startups competing to garner market share in the growing satellite launch industry, it appears there is only one startup, Ursa Major Technologies, focused solely on building rocket engines for those rockets.
The company’s business model is based on the idea that while many launch providers make their own propulsion systems, others will choose outsourcing so they don’t have to invest money and time in risky engine development.
It presently has a small engine, dubbed Hadley, that is set to launch on another company’s rocket in ’22, and a larger engine, dubbed Ripley, that is being developed and has a contract for use by the new rocket startup Phantom Space.
In a sense this company is conceivable in competition with Momentus, which builds and sells a space tug, essentially an upper stage engine, for moving smallsats from one orbit to another. Both are aiming for a niche within the new smallsat industry by providing rockets and satellites engines.
If the industry grows as big as hoped, both will likely have plenty of business.
Capitalism in space: While there appear to presently be about 100+ new rocket company startups competing to garner market share in the growing satellite launch industry, it appears there is only one startup, Ursa Major Technologies, focused solely on building rocket engines for those rockets.
The company’s business model is based on the idea that while many launch providers make their own propulsion systems, others will choose outsourcing so they don’t have to invest money and time in risky engine development.
It presently has a small engine, dubbed Hadley, that is set to launch on another company’s rocket in ’22, and a larger engine, dubbed Ripley, that is being developed and has a contract for use by the new rocket startup Phantom Space.
In a sense this company is conceivable in competition with Momentus, which builds and sells a space tug, essentially an upper stage engine, for moving smallsats from one orbit to another. Both are aiming for a niche within the new smallsat industry by providing rockets and satellites engines.
If the industry grows as big as hoped, both will likely have plenty of business.