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Maria Varmazis (0:01)
You're listening to the N2K space network.
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Maria Varmazis (0:41)
Today is June 3rd, 2025. I'm Maria Varmazes and this is T minus T minus 20 seconds to Los.
Ellison Ann Williams (0:52)
T Drift.
Maria Varmazis (1:00)
Rocket Lab successfully launched its 65th O electron to deploy Earth imaging satellites for Black Sky Irocket has signed a $400 million merger letter of intent for a business combination with BPGC Acquisition Corp. Voyager Technologies is seeking to raise as much as $319 million in an initial public offering. Jacobs has been selected by the US Space Force to provide operations, maintenance and integration support services for the branch's eastern and western ranges. One U.S. space Systems Command has awarded a $1.2 billion contract for 10 Epoch 2 space vehicles for the U.S. space Force's resilient missile warning tracking architecture to BAE System, Space and Mission Systems. Today's guest Alison Ann Williams, CEO at nvail. We spoke about secure data usage in the space domain. It is a really fascinating chat, so definitely stick around to find out more after today's headlines. Happy Tuesday everybody. There's been a lot of doom and gloom headlines lately about cuts to space spending, so our top two stories today aim to maybe alleviate some of those concerns. They represent over $5 billion in new spending, and both are for the U.S. space Force, which seems to be the new holder of the purse strings when it comes to commercial space contracts. Anyway, let's dive in to find out more, shall we? First up, U.S. space Systems Command has awarded a $1.2 billion contract for 10 EPOCH 2 space vehicles for the U.S. space Force's resilient missile warning tracking architecture. Two BAE Systems space and Mission Systems the program is focused on the rapid acquisition of robust infrared sensing technology and integrating it into an entirely new satellite constellation in meo. These satellites are designed to detect and track a range of threats, from large, bright intercontinental ballistic missile launches to dim maneuvering hypersonic missiles. It integrates with the broader national missile defense architecture with EPOC 2, providing the primary purpose of delivering resilient global hypersonic missile tracking access. The satellites are planned for rapid and regular delivery in epochs of every two years, incrementally building additional operational capabilities. Epoch 1 and 2 posture the space Force to deliver the initial warfighting capability for the nation with the ability to track hypersonic missile threats anywhere on the globe. The first delivery of Epoch 2 is planned for fiscal year 2029 and second up Jacobs has been selected by the US Space Force to provide operations, maintenance and integration for the branch's eastern and western ranges. The IDIQ contract has a potential $4 billion ceiling. Work will be performed at Patrick Space Force Base in Florida and Vandenberg Space Force Base in California and is expected to be completed by March 31, 2035. Jacobs will also provide systems engineering and sustainment support for the Space Force's ranges, which serve space exploration, national security and commercial users. And what other trends are we seeing in spending in the commercial space industry? Well, if the next two stories are anything to go by, then the focus is back on raising capital through public listing yeah, what's old is new again when it comes to SPACs. Voyager Technologies is seeking to raise as much as $319 million in an initial public offering. The Denver based company plans to market 11 million shares for 26 to $29 each. Voyager filed with the U.S. securities and Exchange Commission on Monday. The company's primary focus is on the development of commercial space station Star Lab, but Voyager said it is also focused on defense and national security. According to their filing, nearly 84% of Voyager Technology's revenue last year came from contracts with the United States government and its affiliates. It remains to be seen, however, if the new US Budget will put them in a good position moving forward. Innovative Rocket Technologies, known as Irocket, has entered into a non binding letter of intent for a proposed business combination with a special purpose acquisition company. Yep, those are back. The newly formed organization also announced plans to list on the Nasdaq Irocket manufactures reusable spacecraft that can be used by civil and military customers. The letter of intent contemplates a pre money equity value of iRocket of $400 million before potential earnouts based on share price performance. The parties say that they will announce additional details regarding the proposed business combination with a SPAC when a definitive agreement is executed, which is expected to occur in the summer of this year, with closing anticipated before the year's end. Let's head on over to New Zealand for this next story and Rocket Lab successfully launched its 65th Electron to deploy Earth imaging satellites for Blacksky. The full stream Ahead mission lifted off from Rocket Lab's Launch Complex 1 in Mahia, New Zealand. It successfully deployed a Gen 3 satellite by BlackSky from a Rocket Lab motorized Light Band, which is a separation system for satellites that Rocket Lab has provided Blacksky for each of its launches on Electron to date. Full stream ahead. Great Name, by the way, is the second in a series of four Electron launches booked by BlackSky to deploy its Gen 3 satellites to orbit this year, and the 10th overall launch for Black sky since 2019. And that's it for our Intel Briefing for this Tuesday. N2K senior producer Alice Carouse has been keeping an eye on other developing stories in the space industry. Alice, what do you have today?
