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Booz Allen Ventures Invests in Starfish Space to Enhance Satellite Servicing Technology

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Booz Allen Hamilton (NYSE: BAH) announced that its venture capital arm, Booz Allen Ventures, has made a strategic investment in Starfish Space, a satellite servicing company specializing in satellite life extension and end-of-life disposal. Founded by former Blue Origin and NASA engineers, Starfish Space's autonomous satellite servicing vehicle, Otter, provides solutions for managing satellites in congested orbital paths. The company recently executed its Otter Pup demonstration mission, secured a $37.5M contract with U.S. Space Force, signed with Intelsat for life extension, and partnered with NASA for debris inspection. This marks Booz Allen Ventures' third space-focused investment, highlighting their commitment to space infrastructure innovation.

Booz Allen Hamilton (NYSE: BAH) ha annunciato che il suo braccio di venture capital, Booz Allen Ventures, ha effettuato un investimento strategico in Starfish Space, un'azienda specializzata nella manutenzione dei satelliti, nella loro estensione di vita e nel loro smaltimento a fine ciclo. Fondata da ex ingegneri di Blue Origin e NASA, il veicolo autonomo per il servizio satellitare di Starfish Space, Otter, offre soluzioni per la gestione dei satelliti in traiettorie orbitali congestionate. L'azienda ha recentemente eseguito la missione dimostrativa Otter Pup, ha ottenuto un contratto di 37,5 milioni di dollari con la U.S. Space Force, ha firmato un accordo con Intelsat per l'estensione della vita, e ha collaborato con la NASA per l'ispezione dei detriti. Questo segna il terzo investimento focalizzato nello spazio da parte di Booz Allen Ventures, evidenziando il loro impegno nell'innovazione delle infrastrutture spaziali.

Booz Allen Hamilton (NYSE: BAH) anunció que su rama de capital de riesgo, Booz Allen Ventures, ha realizado una inversión estratégica en Starfish Space, una empresa de servicios de satélites que se especializa en la extensión de vida de satélites y en su eliminación al final de su vida útil. Fundada por ex ingenieros de Blue Origin y NASA, el vehículo de servicio satelital autónomo de Starfish Space, Otter, ofrece soluciones para la gestión de satélites en trayectorias orbitales congestionadas. La compañía recientemente llevó a cabo su misión de demostración Otter Pup, aseguró un contrato de 37.5 millones de dólares con la Fuerza Espacial de EE. UU., firmó un acuerdo con Intelsat para la extensión de vida, y se asoció con la NASA para la inspección de desechos. Esto marca la tercera inversión enfocada en el espacio de Booz Allen Ventures, destacando su compromiso con la innovación en infraestructura espacial.

부즈 앨런 해밀턴 (NYSE: BAH)은 자회사인 부즈 앨런 벤처스가 위성 수명 연장 및 퇴역 처분을 전문으로 하는 위성 서비스 회사인 스타피시 스페이스에 전략적 투자를 했다고 발표했습니다. 블루 오리진과 NASA의 전직 엔지니어들이 설립한 스타피시 스페이스의 자율 위성 서비스 차량 오터는 혼잡한 궤도에서 위성을 관리하는 솔루션을 제공합니다. 이 회사는 최근 오터 펍 시범 임무를 수행하였고, 미국 우주군과 3,750만 달러 계약을 체결하였으며, 인텔샛과의 수명 연장을 위한 계약을 체결하고 NASA와의 잔해 검사 협력도 성사시켰습니다. 이는 부즈 앨런 벤처스의 세 번째 우주 중심 투자로, 우주 인프라 혁신에 대한 그들의 약속을 강조합니다.

Booz Allen Hamilton (NYSE: BAH) a annoncé que sa branche de capital risque, Booz Allen Ventures, a effectué un investissement stratégique dans Starfish Space, une entreprise de services satellites spécialisée dans l'extension de la vie des satellites et leur élimination en fin de vie. Fondée par d'anciens ingénieurs de Blue Origin et de la NASA, le véhicule autonome de service satellite de Starfish Space, Otter, propose des solutions pour la gestion des satellites dans des trajectoires orbitales encombrées. L'entreprise a récemment réalisé sa mission de démonstration Otter Pup, a obtenu un contrat de 37,5 millions de dollars avec la U.S. Space Force, a signé un accord avec Intelsat pour l'extension de la vie, et a collaboré avec la NASA pour l'inspection des débris. Cela marque le troisième investissement axé sur l'espace de Booz Allen Ventures, mettant en avant leur engagement envers l'innovation dans les infrastructures spatiales.

Booz Allen Hamilton (NYSE: BAH) gab bekannt, dass seine Venture-Capital-Sparte, Booz Allen Ventures, eine strategische Investition in Starfish Space getätigt hat, ein Unternehmen für Satellitenservice, das sich auf die Lebensverlängerung und die Entsorgung von Satelliten am Ende ihrer Lebensdauer spezialisiert hat. Gegründet von ehemaligen Ingenieuren bei Blue Origin und NASA, bietet das autonome Satelliten-Servicefahrzeug von Starfish Space, Otter, Lösungen für das Management von Satelliten in stark frequentierten orbitalen Bahnen. Das Unternehmen hat kürzlich seine Otter Pup-Demonstrationsmission durchgeführt, einen Vertrag über 37,5 Millionen Dollar mit der US Space Force abgeschlossen, einen Vertrag mit Intelsat zur Lebensverlängerung unterzeichnet und sich mit der NASA für die Inspektion von Trümmern zusammengetan. Dies markiert die dritte raumbezogene Investition von Booz Allen Ventures und hebt ihr Engagement für Innovationen im Bereich der Raumfahrtinfrastruktur hervor.

Positive
  • Secured $37.5M Strategic Funding Increase contract with U.S. Space Force
  • Signed commercial contract with Intelsat for satellite life extension mission
  • Established partnership with NASA for debris inspection mission
  • Successfully executed Otter Pup demonstration mission
Negative
  • None.

Insights

This strategic investment in Starfish Space represents a calculated move into the growing space infrastructure market. The deal's significance stems from Starfish's recent $37.5M STRATFI contract with the U.S. Space Force and their Intelsat partnership, demonstrating strong market validation. The satellite servicing market is projected for substantial growth, driven by increasing satellite deployments and space debris concerns.

The investment aligns with Booz Allen's space portfolio expansion, marking their third space-focused investment through their $100M venture fund. Starfish's Otter technology addresses critical infrastructure needs in satellite life extension and debris management, offering potential revenue streams from both government and commercial clients. The technology's dual-use nature and existing NASA partnership indicate strong market positioning.

VC investment supports resilience and sustainability of space infrastructure

MCLEAN, Va.--(BUSINESS WIRE)-- Booz Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in Starfish Space, an emerging leader in satellite servicing, inclusive of satellite life extension and end-of-life disposal. This investment aims to strengthen the resilience and sustainability of space infrastructure through innovative offerings for both government and commercial mission sets. This is the third space-focused investment by Booz Allen Ventures and reflects the growing criticality and varied mission needs of the space domain.

“As dynamic space operations become increasingly critical to the Department of Defense, NASA, the intelligence community, as well as commercial entities, advancements in satellite servicing and orbital logistics are imperative to safeguarding space assets and enabling long-term mission success,” said Chris Bogdan, executive vice president at Booz Allen and leader of the firm’s space business. “Continued strategic investments in companies like Starfish Space are critical to help drive the development of vital technologies for sustainable operations and strengthen the nation's ability to navigate and secure an increasingly congested space environment."

Founded by former engineers from Blue Origin and NASA, Starfish Space specializes in on-orbit satellite servicing with a focus on satellite life extension and end-of-life disposal. The company’s first-of-its-kind autonomous satellite servicing vehicle, Otter, can provide scalable and customizable options for managing satellites and maintaining critical infrastructure, ensuring viability in increasingly congested orbital paths. Most recently, Starfish Space executed its Otter Pup demonstration mission, secured a $37.5 million Strategic Funding Increase contract (STRATFI) with the U.S. Space Force, signed a contract with Intelsat for a life extension mission, and partnered with NASA for a debris inspection mission in low Earth orbit.

“Booz Allen’s investment will help us accelerate towards the launch of the first Otters, changing the paradigm of how humanity operates in orbit,” said Austin Link, co-founder and CEO of Starfish Space. “We look forward to working with Booz Allen to address the pressing needs of space operators, supporting life extension safe disposal, and many missions beyond.”

Previous space-focused investments by Booz Allen Ventures include Albedo and Quindar earlier this year, with Starfish Space marking the 11th overall investment since the fund’s inception in 2022. These efforts reflect Booz Allen’s continued commitment to fostering innovation in automation, operational efficiency, and decision-making in space operations through the use of AI and data analytics to meet mission needs for clients and the industry.

“With commercial and government demand accelerating for flexible in-orbit servicing, it’s clear that new capabilities are essential for safe space operations,” said Alex Bock, Booz Allen Ventures. “Starfish Space’s innovative approach will be a key enabler, and we look forward to partnering with them to shape the future of in-space servicing.”

Since launching, Booz Allen’s $100 million corporate venture capital arm has made strategic investments in early-stage companies developing dual-use commercial technologies, including Latent AI, RAIC Labs (Synthetaic), Reveal Technology, Credo AI, Hidden Level, Shift5, Hidden Layer, and Second Front (2F).

Read more about Booz Allen Ventures and the firm’s space solutions and capabilities.

About Booz Allen Hamilton

Trusted to transform missions with the power of tomorrow’s technologies, Booz Allen Hamilton advances the nation’s most critical civil, defense, and national security priorities. We lead, invest, and invent where it’s needed most—at the forefront of complex missions, using innovation to define the future. We combine our in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions. Combining 110 years of strategic consulting expertise with the perspectives of diverse talent, we ensure results by integrating technology with an enduring focus on our clients. We’re first to the future—moving missions forward to realize our purpose: Empower People to Change the World®.

With global headquarters in McLean, Virginia, our firm employs approximately 35,800 people globally as of September 30, 2024, and had revenue of $10.7 billion for the 12 months ended March 31, 2024. To learn more, visit www.boozallen.com. (NYSE: BAH)

Forward-Looking Statements

Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include statements that do not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct.

These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in or implied by these forward-looking statements, including those factors discussed in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the fiscal year ended March 31, 2024, which can be found at the SEC’s website at www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

BAHPR-CO

Media Relations: Amanda Allison-Martini, Allison_Amanda@bah.com

Investor Relations: Investor_Relations@bah.com

Source: Booz Allen Hamilton Holding Corporation

FAQ

What is Starfish Space's latest investment from Booz Allen Ventures (BAH)?

Booz Allen Ventures, BAH's venture capital arm, made a strategic investment in Starfish Space to enhance satellite servicing technology, though the specific investment amount wasn't disclosed.

What major contracts has Starfish Space secured in 2023?

Starfish Space secured a $37.5M STRATFI contract with the U.S. Space Force, signed a life extension mission contract with Intelsat, and partnered with NASA for a debris inspection mission in low Earth orbit.

What is Starfish Space's main satellite servicing technology?

Starfish Space's main technology is the Otter, a first-of-its-kind autonomous satellite servicing vehicle designed for satellite life extension and end-of-life disposal in orbit.

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