Spaceflight Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2020
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SEATTLE–(BUSINESS WIRE)– Spaceflight, Inc. has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2020. The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today’s fast-changing world. This year’s MIC list features 434 businesses from 39 countries.
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Spaceflight Named to Fast Company’s Annual List of the World’s Most Innovative Companies for 2020 (Graphic: Business Wire)
Spaceflight was recognized by Fast Company for its comprehensive launch services offering, winning praise for its record-breaking dedicated rideshare mission, SSO-A.
“Being named one of Fast Company’s Most Innovative Companies acknowledges Spaceflight’s ability to develop and execute creative and inventive approaches to making space more accessible,” said Curt Blake, CEO and president of Spaceflight. “Our first dedicated rideshare mission, SSO-A, was incredibly complex and required our team to seek novel solutions to successfully launch 64 satellites from one vehicle. It was an important milestone for the industry and for Spaceflight, demonstrating the viability of rideshare missions. We remain committed to making space more accessible, executing more missions in 2019 than any other year. We’re poised for another year of growth, working with new launch vehicles and expanding our service offering to make launch more affordable, reliable and flexible.”
SSO-A was Spaceflight’s first-ever dedicated rideshare mission, a launch that sent the largest number of satellites from a U.S.-based launch vehicle to space. SSO-A was an important milestone for Spaceflight, as it gave a significant number of customers access to space in a cost-effective way. Without the option of rideshare, many of these organizations would not have had the funds to purchase a ticket to orbit.
The mission launched 64 satellites from 34 organizations from 17 different countries. This diverse manifest included satellites from Earth observation companies, nonprofit organizations, universities, and even a middle school. To effectively launch the payloads, Spaceflight engineered and constructed a payload stack that safely carried the satellites to space. Additionally, to avoid potential collisions on orbit, Spaceflight developed a sequence that deployed the satellites over the course of five hours.
Spaceflight’s success continued through 2019. The company executed nine missions, the most rideshare launches it had performed in one year, launching more than 50 satellites. One of those 50 satellites was the first privately funded lunar lander, which was launched on the first-ever rideshare mission to Geostationary transfer orbit. In total, Spaceflight has launched nearly 300 satellites across 29 different launches. In 2020, Spaceflight plans to execute more than 10 missions, across five different launch vehicles, including two new launch vehicles.
Spaceflight’s parent company, Spaceflight Industries, recently announced it has signed an agreement to sell Spaceflight’s rideshare business to Japan’s Mitsui & Co., Ltd. and Yamasa Co., Ltd. Upon regulatory approval, Spaceflight will continue to operate as an independent U.S.-based company, with a 50/50 joint venture ownership stake by Mitsui & Co. and Yamasa.
Fast Company’s editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
“At a time of increasing global volatility, this year’s list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond,” said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.