Subjects: CON, JVN
Voyager Space and Airbus Announce Joint Venture to Build and Operate Starlab
Joint Venture to serve as a commercial successor for the International Space Station, ensuring continued US and European collaboration in space
DENVER, Aug. 2, 2023 /PRNewswire/ -- Voyager Space (Voyager), a global leader in space exploration, and Airbus Defence and Space (Airbus), the largest aeronautics and space company in Europe, today announced an agreement paving the way for a transatlantic joint venture to develop, build, and operate Starlab, a commercial space station planned to succeed the International Space Station. The US-led joint venture will bring together world-class leaders in the space domain, while further uniting American and European interests in space exploration.
"We are proud to charter the future of space stations with Airbus," says Matthew Kuta, President at Voyager Space. "The International Space Station is widely regarded as the most successful platform for global cooperation in space history, and we are committed to building on this legacy as we move forward with Starlab. We are establishing this joint venture to reliably meet the known demand from global space agencies while opening new opportunities for commercial users."
Voyager was awarded a $160 million Space Act Agreement (SAA) from the National Aeronautics and Space Administration (NASA) in December 2021 via Nanoracks, part of Voyager's exploration segment. Part of NASA's Commercial Low Earth Orbit Development Program, this SAA sets the foundation to create Starlab, a continuously crewed, free-flying space station to serve NASA and a global customer base of space agencies and researchers. The program's mission is to maintain continued human presence and American leadership in low Earth orbit (LEO). Today's announcement builds on an agreement made public in January 2023, where Voyager selected Airbus to provide technical design support and expertise for Starlab.
"With a track record of innovation and technological firsts, Airbus prides itself on partnering with companies that are looking to change history," said Jean-Marc Nasr, Head of Space Systems at Airbus. "This transatlantic venture with footprints on both sides of the ocean aligns the interests of both ourselves and Voyager and our respective space agencies. This pioneers continued European and American leadership in space that takes humanity forward. Together our teams are focused on creating an unmatched space destination both technologically and as a business operation."
In addition to the US entity, Starlab will have a European joint venture subsidiary to directly serve the European Space Agency (ESA) and its member state space agencies.
This announcement follows a major design milestone in Starlab's development, the Systems Requirements Review (SRR), which baselines the major space systems, technical readiness, and ability to meet NASA's mission and safety requirements. The Starlab SRR was completed in June 2023 in coordination with NASA's Commercial LEO Development Program team.
"Today marks a major step forward for the future of commercial space destinations," continues Kuta. "We are proud to have NASA's trust to build the replacement for the ISS, a partnership that expands Starlab's ecosystem to global space agencies, and a team that is mission driven and dedicated to reimagining the future."
The implementation of the joint venture will be subject to applicable regulatory approvals.
About Voyager Space
Voyager Space is dedicated to building a better future for humanity in space and on Earth. With over 35 years of spaceflight heritage and over 2,000 successful missions, Voyager is powering the commercial space revolution. Voyager delivers exploration, technology, and defense solutions to a global customer base that includes civil and national security agencies, commercial companies, academic and research institutions, and more.
About Airbus
Airbus pioneers sustainable aerospace for a safe and united world. The Company constantly innovates to provide efficient and technologically-advanced solutions in aerospace, defence, and connected services. In commercial aircraft, Airbus offers modern and fuel-efficient airliners and associated services. Airbus is also a European leader in defence and security and one of the world's leading space businesses. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions and services worldwide.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains "forward-looking statements." All statements, other than statements of historical fact, including those with respect to Voyager Space, Inc.'s (the "Company's") mission statement and growth strategy, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve many risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; and the ability to obtain necessary financing on acceptable terms or at all. Readers should not place any undue reliance on forward-looking statements since they involve these known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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