Tag Archives: OrbitBeyond

Private lunar landing company backs out of NASA contract

Capitalism in space: The commercial lunar landing company, OrbitBeyond, has told NASA that it cannot fulfill its $97 million contract, only two months after that contract was announced.

NASA announced July 29 that OrbitBeyond informed the agency that “internal corporate challenges” will prevent it from carrying out a task order that NASA awarded the company May 31 as part of its Commercial Lunar Payload Services (CLPS) program. The company asked to be released from that contract, and NASA agreed.

NASA didn’t elaborate on what specific issues caused OrbitBeyond to scrap its contract with NASA, and the company didn’t immediately respond to a request for comment. At the May 31 event where NASA announced the contracts, Siba Padhi, chief executive of OrbitBeyond, said the company was still in the process of closing a round of funding. The company has not subsequently announced a funding round.

Considering its receipt of a $97 million NASA contract, it would be very puzzlingly for the company to be unable to obtain further investment capital. If anything, that contract should have encouraged funding. If the lack of funding is the cause of this termination then it also suggests the company had other problems.

This leaves NASA with two private lunar lander companies. I expect NASA will look to award the contract to a third company. The company Firefly and its team of Israeli Beresheet engineers comes immediately to mind.

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