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Astrolab Announces $160 Million in New ContractsNovember 23, 2023 | BUSINESS WIRE
Estimated reading time: 1 minute
Venturi Astrolab, Inc. (Astrolab) announced it has reached an agreement with eight enterprise customers to use its Flexible Logistics and Exploration (FLEX) rover to deploy the customers’ payloads on Astrolab’s upcoming mission to the Moon which is known as Mission 1. Five customers are releasing details of their payloads today: Argo Space, Astroport, Avalon Space, Interstellar Lab, and LifeShip. Three more customers are contracted with Astrolab but intend to release details of their payloads at a future date, closer to launch. Collectively, these eight contracts are valued at more than $160 million.
As part of Mission 1, Space Exploration Technologies (SpaceX) will transport Astrolab’s Flexible Logistics and Exploration (FLEX) rover to the lunar surface. SpaceX will use the Starship launch and landing system for this mission as soon as mid-2026. Following landing on the Moon, FLEX will deploy payloads for each of the customers. SpaceX and Astrolab expect Mission 1 to be completed as soon as mid-2026.
“Our entire Astrolab team is excited to welcome these businesses to Mission 1,” said Jaret Matthews, CEO and Founder, Astrolab. “Together, they represent a cross-section of the emerging lunar economy. As we get closer to our launch date, we expect to make additional customer announcements.”
Matthews added that given FLEX’s total payload capacity of 1,500 KG, Astrolab is able to substantially lower the cost of deploying payloads on the lunar surface while providing unparalleled maneuverability, range, power, and communications capabilities. The company estimates its prices are approximately ten times more affordable than those of competitors.
Venturi Astrolab, Inc. (Astrolab), announced it has reached an agreement with Space Exploration Technologies (SpaceX) for the company to transport Astrolab’s Flexible Logistics and Exploration (FLEX) rover on an upcoming mission to the Moon. SpaceX will use the Starship launch and landing system for this mission as soon as mid-2026. FLEX is more than just a concept. Last year, the Astrolab team began testing a full-scale, fully-functional terrestrial prototype of the FLEX rover in the California desert. Tests included both crewed and telerobotic operations, deployment of a variety of large payloads, science operations with its robotic arm, and engineering testing of the rover’s mobility performance in challenging terrain.