Vast Acquires Launcher In Quest To Build Artificial Gravity Space Stations
An anonymous reader quotes a report from TechCrunch: Vast Space, a company that emerged from stealth last September with the aim of building artificial gravity space stations in low Earth orbit, has acquired space tug startup Launcher, TechCrunch has exclusively learned. The acquisition, a first for Vast, will give the company access to Launcher's Orbiter space tug and payload platform and its liquid rocket engine, E-2. Under the terms of the deal, Vast will also absorb all of Launcher's talent, including Launcher founder Max Haot, who will join as president. The two companies told TechCrunch that the deal has been in the works for months, with both signing a Letter of Intent to acquire back in November. The deal could be a big accelerator for Vast; the company's founder, billionaire crypto pioneer Jed McCaleb, said Vast will use the Orbiter tug to test space station subsystems and components in orbit as soon as June of this year, and then again around October. Those two missions, which will be Orbiter's second and third flights, will also carry customer payloads. Vast will continue to operate Orbiter as a commercial product; Haot said they had more than five customer contracts and are signing more. Haot added that the space tug's abilities, like approaching and moving away from spacecraft and hosting payloads, as well as its technologies like flight software, avionics and guidance, navigation and control systems will complement development of the space station. "The two companies declined to provide much more detail about the upcoming missions using Orbiter, nor did they offer any detail about future timelines for development, partnerships or form factor of the station," notes TechCrunch. "But they did say that the first station the company sends to space will be zero G, with artificial gravity stations following." More generally, McCaleb said that acquisitions are not part of Vast's larger strategy. "Acquisitions typically go pretty wrong," he said. "For the most part, the combined team now plus a few more folks, we'll be able to do quite a bit."
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