SpaceQ Space news and analysis.
Deep Space Industries is a five year old privately held company spacecraft technology with a long term plan of mining asteroids that has adapted its business for the long game.
At the time the company launched, some people wondered if the idea was crazy. It’s not, but it is hard, and It’s a long game. Deep Space industries (DSI) is still here and apparently has adapted its business plan to meet the challenge and has been working on developing technologies needed for its long term goals but which have commercial appeal now allowing them to generate revenue streams now.
Since the company was formed they’ve sparsely released information. Last year when Daniel Faber, the CEO at the time, left the company, he said not too long afterwards that he was proud of having led the company to sales in the area of $10 million in 2016. That was really the first public acknowledgement of any sales volume.
With DSI’s products, most notably Comet, its water-based SmallSat propulsion system set to fly on four customer satellites this year, the company is slowly emerging from the shadows. As well, the company will be shortly announcing its first Series A funding meant to accelerate their Mission 1, a technology demonstration spacecraft which they hope to launch to a near-earth asteroid in 2020.
This week they also announced that they’ve sold another Comet propulsion system to Astro Digital. According to Grant Bonin, Chief Technology Officer, that’s the 34th propulsion unit they’ve sold.
Listen to the podcast for a complete update on DSI’s activities.
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