Varda Space Industries to Launch Aboard Falcon 9 Rideshare Mission
First mission, scheduled for Q1 2023, will be the initial demonstration of Varda’s space manufacturing capabilities
Torrance, Calif. Monday, October 11, 2021 - Leading in-space manufacturing company Varda Space Industries announced today that it has signed a Launch Services Agreement with SpaceX to launch its initial space factory aboard a SpaceX rideshare mission, deploying to low Earth orbit in Q1 2023. After Varda’s factory operation completes its in-orbit production run, its space factory will then execute a de-orbit maneuver to re-enter the atmosphere and return finished product to customers on Earth.
Until now, nearly all in-space manufacturing research has been carried out on the International Space Station (ISS). While this research has demonstrated that innovative materials and products that will revolutionize industries on Earth can be created in the consistent microgravity environment of low-Earth orbit – an environment that can’t be replicated on Earth – there has been no pathway to commercialization. Until recently, manufacturing in orbit has been impossible to scale due to the cost, complexity and regulatory hurdles associated largely with launch vehicles. SpaceX’s new, competitively priced rideshare program, the FAA’s new streamlined regulatory framework, and the Biden Administration’s executive order on industrialization of space all now enable cost-effective access to orbit that finally makes large-scale space manufacturing, and commercialization of the advancements made on the ISS, a reality.
“Five years ago, a company like Varda would not have been possible. But today, we can economically deliver unique products that can only be manufactured in space because launches are cheaper, space hardware solutions are commoditizing, and smart regulatory progress has been made. Since prolonged exposure to zero gravity is not possible on the planet, it’s exciting to use our expertise in spacecraft to bring that brand new capability to industries serving large markets on Earth” said Varda Space Industries Founder and Chief Executive Officer, Will Bruey. “I’m excited to use SpaceX as our launch provider because their reusable launch vehicles have proven to be highly reliable and cost-efficient, providing the certainty and unit economics that we rely on to deliver unprecedented access and value to all kinds of new products that can only be manufactured in space.”
Based in Torrance, California, Varda Space Industries was founded by Will Bruey, who spent almost six years working on SpaceX’s Dragon spacecraft, and Delian Asparouhov, Varda’s President and a Principal at Peter Thiel’s Founders Fund. “We are excited for Varda’s signing with SpaceX as its launch provider. The massive reduction in barriers to entry will allow us to finally bring the enormous benefits of space, through microgravity manufacturing, to so many people on Earth whose lives will change tangibly for the better as a result,” said Asparouhov.
Varda’s first space factory is planned to launch in Q1 2023, with the second and third factories scheduled to follow through 2024. Each mission has a nominal three-month duration from launch to landing.
About Varda Space Industries
Varda builds space factories. It is currently the only company aiming to operate entirely on commercial supply chains and is well to be the worldwide leader in commercial microgravity manufacturing. The company plans to offer a wide array of microgravity-manufactured materials to its customers in the coming years and is already partnering with forward-looking organizations committed to improving quality of life and lowering costs for their customers.
Varda Space Industries Contact:
Delian Asparouhov, Chairman and President