Varda Space Industries Orders Fourth Photon Spacecraft from Rocket Lab to Enable In-Space Manufacturing

Photon system (Credit: Rocket Lab)

The order for the Photon spacecraft, designed and manufactured by Rocket Lab, follows a previous bulk-order by Varda for three Photons to enable manufacture of high-value products in space and return to Earth

LONG BEACH, Calif. (Rocket Lab PR) — Rocket Lab (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, and Varda Space Industries (“Varda”), the world’s first In-space manufacturing and hypersonic Earth re-entry logistics company, today announced that Varda will procure a fourth Photon spacecraft. The deal follows on a previous bulk-order by Varda in August 2021 for three Photon spacecraft from Rocket Lab.

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Rocket Lab Inks Deal with Varda Space Industries to Supply Multiple Photon Spacecraft for Space Manufacturing Missions

Photon CAPSTONE spacecraft (Credit: Rocket Lab)

The Rocket Lab-built and jointly operated Photon spacecraft will enable high-value products to be manufactured in space and returned to Earth

LONG BEACH, Calif., August 11, 2021 (Rocket Lab PR) – Leading launch and space systems company Rocket Lab today announced it has signed a deal with in-space manufacturing company Varda Space Industries to produce three Photon spacecraft that will integrate with their space factories, enabling high-value products to be manufactured in zero-gravity and returned to Earth in Varda’s re-entry capsule.

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Rocket Lab Inks Deal with Varda Space Industries to Supply Multiple Photon Spacecraft for Space Manufacturing Missions

Photon CAPSTONE spacecraft (Credit: Rocket Lab)

LONG BEACH, Calif., August 11, 2021 (Rocket Lab PR) – Leading launch and space systems company Rocket Lab today announced it has signed a deal with in-space manufacturing company Varda Space Industries to produce three Photon spacecraft that will integrate with their space factories, enabling high-value products to be manufactured in zero-gravity and returned to Earth in Varda’s re-entry capsule.

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Varda Space Raises $9 Million Seed Round for Space Manufacturing

Varda Space Industries has raised $9 million in a seed round to advance its goal of manufacturing products in space.

Varda said that Founders Fund and Lux Capital were the co-leads on the round. Other participants in the round included Also Capital, Fifty Years, Raymond Tonsing, Justin Mateen, and Naval.

Founders Fund partner Trae Stephens and Lux Capital managing partner Josh Wolfe joined the Varda Space board of directions as part of the raise.

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