ExoTerra has demonstrated successful deployment of their propulsion systems on DARPA satellites and has a backlog of over 200 modules to produce, indicating strong market demand and growth potential.
Organizations Involved
Lago Innovation Fund, DARPA, RTX, Blue Canyon Technologies
Company Description
ExoTerra Resources develops and produces microsatellite solar electric propulsion systems. The company focuses on designing, manufacturing, and testing electric propulsion elements for small satellites. Their recent funding round of $8 million from Lago Innovation Fund will support the expansion of production capacity to meet the increasing demand for their propulsion modules.