Made in Space purchased by venture capital company Redwire
Capitalism in space: Made in Space, which has specialized in developing 3D printing in space on ISS and elsewhere, has been acquired by a company dubbed Redwire that was created by a venture capital company.
AE Industrial Partners, a private equity firm, formally established Redwire at the beginning of June by combining two companies it had acquired, Adcole Space and Deep Space Systems (DSS). Both companies are best known as suppliers of spacecraft components and engineering services, although DSS has also developed a robotic lunar lander and is part of NASA’s Commercial Lunar Payload Services program.
“What we wanted to do with Redwire is take some of the traditional space heritage from the small, agile and innovative companies out there like Adcole and DSS and combine them with a true innovator,” said Peter Cannito, chief executive of Redwire, in an interview.
Made In Space, he argued, is that innovator. “The things that they’re doing are things that have never been done and really have the potential to change the economics of space,” he said. “That filled a key gap in our strategy.”
Though the companies under Redwire will for now operate separately, eventually they will combine under the Redwire name. Note too that the head of Made in Space is now the CEO of Redwire while its chief engineer is now Redwire’s chief technology officier, so this acquisition appears more like a partnership between companies that helps them all, rather than an acquisition.
Capitalism in space: Made in Space, which has specialized in developing 3D printing in space on ISS and elsewhere, has been acquired by a company dubbed Redwire that was created by a venture capital company.
AE Industrial Partners, a private equity firm, formally established Redwire at the beginning of June by combining two companies it had acquired, Adcole Space and Deep Space Systems (DSS). Both companies are best known as suppliers of spacecraft components and engineering services, although DSS has also developed a robotic lunar lander and is part of NASA’s Commercial Lunar Payload Services program.
“What we wanted to do with Redwire is take some of the traditional space heritage from the small, agile and innovative companies out there like Adcole and DSS and combine them with a true innovator,” said Peter Cannito, chief executive of Redwire, in an interview.
Made In Space, he argued, is that innovator. “The things that they’re doing are things that have never been done and really have the potential to change the economics of space,” he said. “That filled a key gap in our strategy.”
Though the companies under Redwire will for now operate separately, eventually they will combine under the Redwire name. Note too that the head of Made in Space is now the CEO of Redwire while its chief engineer is now Redwire’s chief technology officier, so this acquisition appears more like a partnership between companies that helps them all, rather than an acquisition.