Astrobotic sells to Voyager Technologies for $162 million to scale up for NASA lunar base demands
By
Jeff Foust
Summary
Astrobotic, a lunar lander developer, has agreed to sell to Voyager Technologies for $162 million in cash and stock (plus $9 million in debt assumption and up to $129 million in earnout payments). The acquisition is driven by Astrobotic's need to scale up quickly to meet projected demands from NASA's lunar base initiative. CEO John Thornton stated the deal provides the resources needed to grow the company and deliver on its NASA contracts, including the Griffin-1 lunar lander program.
Source
Twitter / XAstrobotic sells to Voyager Technologies for $162 million to scale up for NASA lunar base demandsspacenews.comKey quotes
· 3 pulledAstrobotic Chief Executive John Thornton speaks at a June 15 event unveiling the company's Griffin-1 lunar lander.
Voyager announced June 2 that it reached an agreement to acquire Astrobotic for $162 million in cash and stock and the assumption of $9 million in debt.
The deal includes up to an additional $129 million in earnout payments.
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