Space exploration companies finalize creation of transatlantic joint venture, achieves critical program milestone
DENVER, Jan. 9, 2024 /PRNewswire/ -- Voyager Space (Voyager) and Airbus, global leaders in space exploration, today announced they have completed the transaction to create Starlab Space LLC, a transatlantic joint venture that will design, build, and operate the Starlab commercial space station. Alongside the joint venture execution, the Starlab team completed the station-level System Definition Review (SDR), a critical milestone assessing the technical and programmatic accountability of the program.
"Our sights are set on powering the commercial space revolution, and it's crystal clear we're leading the way for commercial low-Earth orbit," said Matthew Kuta, President, Voyager Space. "Through our joint venture with Airbus, teaming agreements with Northrop Grumman and Hilton, and continued success in meeting critical milestones, Starlab is setting the new standard for commercial space."
In August 2023, Voyager and Airbus first announced an agreement to form a transatlantic joint venture to support a continuous human presence in low-Earth orbit and a seamless transition of microgravity science and research opportunities in the post-International Space Station era. In October 2023, Voyager announced a teaming agreement with Northrop Grumman to develop fully autonomous rendezvous and docking technology for Northrop Grumman's Cygnus spacecraft and provide cargo resupply services for Starlab.
"The International Space Station inspired global cooperation to a level never imagined possible in space," said Jean-Marc Nasr, Head of Space Systems at Airbus. "Starlab will be no different. This joint venture solidifies our unwavering commitment to reimagining the future of commercial space alongside Voyager, anchoring Starlab to European and American ambitions and pioneering the future of humanity in space."
In addition to the US entity, which has authorities to operate in the United States and with US government agencies, Starlab is expected to have a European affiliated joint venture to directly serve the European Space Agency and its member state space agencies.
Nanoracks LLC, part of Voyager's Exploration Segment, was awarded the largest of three Commercial LEO Destinations Space Act Agreements from NASA in December 2021 to create Starlab, a continuously crewed, free-flying space station to serve NASA and a global customer base of space agencies and researchers. The Starlab team has advanced through multiple milestones over the past year, including the successful completion of the SDR and the earlier completion of both the on-orbit science park and the station-level System Requirements Review.
About Starlab Space
Starlab Space LLC is a transatlantic joint venture between Voyager Space and Airbus that is designing, building, and will operate the Starlab commercial space station. Starlab will serve a global customer base of space agencies, researchers, and companies, ensuring a continued human presence in low-Earth orbit and a seamless transition of microgravity science and research from the International Space Station into the new commercial space station era.
For more information on Starlab, visit the Starlab website at www.starlab-space.com and follow us on social media at @Starlab_Space (X, Instagram) and @Starlab (Linkedin).
Cautionary Statement Concerning Forward-Looking StatementsThis press release contains "forward-looking statements." All statements, other than statements of historical fact, including those with respect to Voyager Space, Inc.'s and Starlab'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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