Redwire / Made In Space

[high road]

Would this help them to build their own return craft for ZBLAN production that could be launched at SpaceX rideshare prices?

[edzieba]

Are we seeing a new industry trend here?

It's an industry trend being seen everywhere due to the impacts of COVID-19: if you have a cash balance and have avoided insolvency, it's a perfect time to acquire companies at fire-sale prices who are on the edge of going under.

[TrevorMonty]

Are we seeing a new industry trend here?

It's an industry trend being seen everywhere due to the impacts of COVID-19: if you have a cash balance and have avoided insolvency, it's a perfect time to acquire companies at fire-sale prices who are on the edge of going under.

I doubt MIS were in trouble they had few projects on go partially funded by NASA and also partners they were working with. Would've been good investment if they had gone public but partners would then be behold to shareholders.
.

[FutureSpaceTourist]

[Asteroza]

Hrm, looks like a MIS/Redwire group company is teaming up with Momentus for demoing capture ops for robot arms?

https://spacenews.com/made-in-space-europe-and-momentus-plan-robotic-spacecraft/

[TrevorMonty]

Hrm, looks like a MIS/Redwire group company is teaming up with Momentus for demoing capture ops for robot arms?

https://spacenews.com/made-in-space-europe-and-momentus-plan-robotic-spacecraft/

This could be lead into how MIS commercially uses their Archinuat technology. Have target satellite carry packaged solar arrays and maybe boom print material. Once captured the Vigoride would use a 3D printer to create the booms for large solar arrays and use robotic arm to assemble and attach them. With handful of Vigorides they could offer this service for most orbits. This service can be used from smallsats upto large GEO sats.

Edit. Momentus will also be user as their spacetugs need large low mass solar arrays.

[Star One]

New video about the Archinaut One satellite:

[high road]

Launched by an orange rocket? That's  new 🤔

[Star One]

Launched by an orange rocket? That's  new

Launched by a now defunct model of launcher as well.

[gongora]

https://twitter.com/pbdes/status/1351509988062220289

.@RedwireSpace continues M&A spree w/ purchase of satellite design firm @OakmanAerospace. Terms undisclosed. Follows purchases of #AdcoleSpace #DeepSpaceSystems @MadeInSpace @RoccorAerospace @LoadPath. Redwire's owned by private-equity firm @AEIndustrial.

[TrevorMonty]

Redwire to aquire DSS which make solar arrays for satellites.

https://redwirespace.com/2021/02/23/redwire-acquires-deployable-space-systems-dss-a-leading-supplier-of-space-mission-enabling-deployable-solar-arrays-structures-and-mechanisms/

Now MIS will have sister company to create solar arrays in space using Archinaut technology. NB MIS are partnering with NGIS for test mission.

Redwire is a group to watch, they have good collect of space companies with wide range of technologies.

[TrevorMonty]

Finally a chance to invest in Made In Space.

Redwire to go public via SPARC.

https://redwirespace.com/2021/03/25/redwire-to-become-publicly-traded-through-merger-with-genesis-park-acquisition-corp/?s=09

While LV companies seem to get all hype they are only transport companies. Its what other companies do in space that will create $T space economy. Likes of Redwire is one of those companies.

Sent from my SM-G570Y using Tapatalk

[high road]

I hope their financial reporting includes information about the current state of affairs of Made In Space's ZBLAN production plans. Been a long time since I heard anything about that. It's not even mentioned on the site of the parent company. I'm guessing the one product/service they offer that might kickstart that $T economy without having a long road of development and small applications ahead, is not a priority for them.

Their portfolio of companies focuses on satellite construction, including Made In Space's boom printing technology. That'll probably take the form of building relatively conventional satellites for others. Not a shortcut to a $T industry.

[su27k]

Space Crystals: Developing Laser Optics Products in Space

The Industrial Crystallization Facility (ICF) is a commercial in-space manufacturing device designed to provide proof-of-principle for diffusion-based crystallization methods to produce high-quality optical crystals in microgravity relevant for terrestrial use. ICF will launch to the International Space Station (ISS) on Northrop Grumman’s CRS-15 no earlier than February 20 at 12:36 p.m. ET.

Expanding on Redwire’s space-enabled manufacturing capabilities, the ICF mission focuses on advanced materials engineering to explore diffusion-based crystallization methods that are not viable on Earth because of thermal convection.  Space-enabled manufacturing leverages microgravity to produce materials that are either completely new or enhanced compared to their counterparts on Earth. These materials could improve performance of industrial machines and systems that we use on Earth.  ICF will offer important insight into microgravity-enabled growth processes for industrial crystals, which could yield opportunities for commercial production on-orbit. 

[CyndyC]

Here is the local take on the viability of the companies and the investment. I find it most interesting that "...Redwire doesn’t need funding from the merger to grow its existing business. The funding will be used for additional strategic investments and M&A that helps add to and de-risk Redwire’s organic financial growth,” he [Genesis Park President Jonathan Baliff] said. This won't be one of those IPOs that give the distinct feeling a company is just looking for easy money because they haven't gotten anywhere with the good faith money they already had, and in fact won't with new money either.

It might be amusing if some of you geniuses here would click on the link and add a bunch of egg-heady comments to the article. Even though the article was posted last Friday, it's still #2 out of 5 under "Most Popular" when you click on the newest "News" article.

Every time I read or think about Made In Space or Redwire, I have to wonder how happy or safe those people are in Jacksonville. I haven't always lived here, but grew up here, and it's such a weird place unlike any other where I've lived. Jacksonville is unusually on the ball in some ways, particularly in local, regional, and state transportation, and our library system, but there's just so much dead space. In one way or another you can't really trust people you meet in Jacksonville with the same frequency you can in other places either. If anyone here knows any Made In Space/Redwire people personally, please keep an eye out for them.


https://www.jaxdailyrecord.com/article/redwires-revenue-rocket-more-than-dollar1-4-billion-planned-by-2025

JAX DAILY RECORD FRIDAY, APR. 2, 2021 05:10 AM EST
Redwire's revenue rocket: More than $1.4 billion planned by 2025
The Jacksonville-based company with plans to go public says it is ‘the pick-and-shovel provider for the new space gold rush.’
by: Mark Basch Contributing Writer

Most people view the 1960s and the race to the moon as the golden age of space travel.

Executives of Redwire LLC see the 2020s as a second golden age of space, and they expect their company to be a leader in this space race.

“We are the pick-and-shovel provider for the new space gold rush,” CEO Peter Cannito told investors in a conference call last week after Redwire announced a plan to go public.

<Peter Cannito photo>

“As such, we like to say when space wins, Redwire wins,” he said.

Cannito was speaking after the company announced a merger agreement with publicly traded Genesis Park Acquisition Corp., a company with no operating businesses.

Investment firm Genesis Park formed the special purpose acquisition company last year to seek acquisition opportunities in aerospace, a few months after private equity firm AE Industrial Partners merged two companies to form Redwire in June 2020.

After acquiring seven companies in less than a year, including a Jacksonville company called Made In Space, Redwire is a Jacksonville-based company that expects to pass $1 billion in annual sales in the next five years.

It will become publicly traded by merging into Genesis Park Acquisition.

“We are already a profitable space company with a blue-chip foundation and strong economics,” Cannito said.

“We have already acquired and are integrating seven leading high-growth companies with key space infrastructure capabilities, demonstrating our ability to scale through M&A,” he said.

“As a public company, Redwire will be an even more attractive acquirer because we will have a public currency further strengthening our positioning as a forever home for founders looking to join in our tremendous growth.”

Space ventures

Made In Space, which moved its headquarters from California to Jacksonville in early 2020, is a key part of Redwire’s business with its process for manufacturing in space.

“We are the pioneers of on-orbit servicing, assembling, and manufacturing technologies,” President Andrew Rush said in the conference call.

<Andrew Rush photo>

“These technologies combine 3D printing and robotic assembly to put more capability on-orbit at lower cost,” said Rush, who was CEO of Made In Space before the acquisition.

“This is crucially important because each and every satellite that has ever been to space is constrained by launch,” he said.

“Typically, you have to engineer satellites to fit into the rocket and survive a violent ride to space, rather than optimizing them for their mission.

“But by combining large-scale 3D printing and robotic assembly, we at Redwire are able to put on-orbit more capability per dollar than the current state-of-the-art design paradigm.”

Made In Space received a $73.7 million contract from NASA in 2019 to use its manufacturing capability. NASA is expected to launch that system in 2023.

After its acquisitions, Redwire’s products and services are being used in an array of space ventures.

“In fact, the Mars Perseverance mission used our digital sun sensors to navigate and orient on its way to the Red Planet,” Cannito said.

The Perseverance landed on Mars in February.

Rush said Redwire has more than $70 million in recent contract wins.

“We were selected by NASA to provide a solar sail as large as a baseball field for a science mission that will study the sun and other celestial bodies in our solar system,” Rush said.

“In the commercial arena, we have been selected by (private space company) Momentus to provide robotic arms for their Vigoride system, which will be used to attach and detach satellites from that platform,” he said.

“More recently, we have been selected to manufacture the core avionics and terrain-relative navigation systems for a lunar lander that Firefly is building for NASA.”

Rocketing revenue

With its various projects underway, Redwire is projecting $163 million in revenue this year and told investors it expects its revenue to reach $1.4 billion in 2025.

<5-year projected revenue growth chart>

Redwire executives are confident because $1.4 billion is just a fraction of a market they project will reach $2 trillion in two decades.

“The opportunity before us is substantial,” Cannito said.

Genesis Park President Jonathan Baliff said in the conference call that Redwire doesn’t need funding from the merger to grow its existing business.

“The funding will be used for additional strategic investments and M&A that helps add to and de-risk Redwire’s organic financial growth,” he said.

Mission momentum

Genesis Park is a Houston-based investment firm with experience in aerospace businesses, Baliff said.

“We believe we are the ideal partner to assist Redwire’s successful launch and growth in the public markets,” he said.

AE Industrial Partners also is experienced with aerospace investments and “saw the potential in Redwire, nurtured it in its evolution as a private company and will continue to be a meaningful partner and shareholder in the new public Redwire,” Baliff said.

The merger is structured so that current investors in Redwire will own 55% of the merged company, Genesis Park will own 6% and public shareholders of the acquisition company will own 24%.

<NASA engineer Kate Rubins with a 3D printer made by Made In Space, now named Redwire, aboard in International Space Station photo>

The other 15% will be owned by private institutions investing another $100 million in the company.

Redwire moved its headquarters to Jacksonville in September after the Made In Space deal. However, the company’s announcements and documents filed for the Genesis Park deal last week did not say anything about headquarters operations.

Redwire’s media relations contact did not respond to voice and email messages seeking information on the headquarters.

State corporate records show Redwire Space Inc. is based at the Made In Space offices at 8226 Philips Highway.

In a memo to employees posted in a Securities and Exchange Commission filing, Redwire said its current management team will continue to run the company after the merger.

Redwire is an “industry disruptor” that is “accelerating humanity’s expansion into space,” Cannito said in the conference call.

“By combining our proven capability and significant flight heritage with next generation breakout capabilities, like in-space manufacturing, we are confident we will deliver on this mission.”

[gongora]

There was a recent FISO presentation on OSAM-2.  Now launching in 2023 (on SpaceX rideshare to ~500km SSO from either Cape or Vandenberg).  The presentation has good info on the satellite design and where they are in the process of building it.
http://fiso.spiritastro.net/telecon/Shestople_6-23-21/

[Asteroza]

There was a recent FISO presentation on OSAM-2.  Now launching in 2023 (on SpaceX rideshare to ~500km SSO from either Cape or Vandenberg).  The presentation has good info on the satellite design and where they are in the process of building it.
http://fiso.spiritastro.net/telecon/Shestople_6-23-21/

Wait a minute, I thought OSAM-2 had rolled solar arrays on both sides? From the looks of the presentation, they will print the second boom but not bring along the array for it? Maybe I remember wrong, but the bus initial folding array wasn't going to occlude the two roll arrays, but the current bus appears to cause the initial folding array to cover the second beam area. Maybe they wanted to avoid interference?

[TrevorMonty]

There was a recent FISO presentation on OSAM-2.  Now launching in 2023 (on SpaceX rideshare to ~500km SSO from either Cape or Vandenberg).  The presentation has good info on the satellite design and where they are in the process of building it.
http://fiso.spiritastro.net/telecon/Shestople_6-23-21/

Wait a minute, I thought OSAM-2 had rolled solar arrays on both sides? From the looks of the presentation, they will print the second boom but not bring along the array for it? Maybe I remember wrong, but the bus initial folding array wasn't going to occlude the two roll arrays, but the current bus appears to cause the initial folding array to cover the second beam area. Maybe they wanted to avoid interference?

Original plan was to deploy roll out solar blanket now it sounds like just inert material to simulate solar blanket. 3D printing boom and attaching solar blanket is main purpose of demo. Doesn't matter it they don't generate electricity.




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[high road]

I just looked up all of the stuff Made In Space and Redwire have been up to this year. Man, they've been busy. Producing ZBLAN, printing replacement parts for in-space use on ISS, printing high end ceramics for use on earth, printing stuff out of lunar regolith in space, the new chrystalization facility, and a superalloy casting facility (for use on earth) that is planned for later this year. That's just the MIS part.

Another Redwire company built the ROSA solar panels that were recently installed on ISS, and the technoloy will be used for DART later this year. That seems to be a good combination with Archinaut, although in that case the posts above that they're just using a simulant is a bit strange. Maybe they prefer cheaper, low risk demonstration missions where they don't have to build something expensive to use all that energy.

I hope them going public gives them enough funds to mature all of these technologies into profitable activities. Off-world economy, here we come :p

Edit: Are the documents for the SPAC merger already available? The presentation I found only mentions general numbers, not numbers split per activity.

[su27k]

Redwire completes SPAC merger

Space technology company Redwire announced Sept. 2 that it closed its merger with a special-purpose acquisition company (SPAC), taking the company public and providing it with capital for future acquisitions.

Shareholders of Genesis Park Acquisition Corporation voted Sept. 1 to approve the merger with Redwire, with 97% of votes, representing 73% of outstanding shares, backing the deal. That vote was the final milestone to completing the deal, which formally closed Sept. 2.

The merger turns Redwire into a publicly traded company, which will start trading Sept. 3 on the New York Stock Exchange under the ticker symbol RDW with a pro forma enterprise valuation of $620 million.