Phase Four, a VVC Fund I portfolio company, has announced their strategic cooperation agreement with Redwire Space (NYSE: RDW), to manufacture the Valkyrie Thruster, an efficient, reliable, and high-volume Hall Effect Thruster to support U.S. Department of Defense/National Security small satellite supply chains and constellations. The market for small satellite constellations is projected to grow significantly, reaching approximately $14.54 billion by 2031 (Technavio, 2023) 📈. This growth is driven by the increasing demand for earth/in-space observation and remote sensing applications, and the cost-effective satellite (and accompanying propulsion) solutions empowering them. Congratulations to the team at Phase Four on this fantastic development! Full Press Release: https://hubs.la/Q02FX6mV0
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1moCongratulations to Phase Four on their strategic cooperation agreement with Redwire Space (NYSE: RDW)! 🎉 The development and manufacturing of the Valkyrie Thruster marks a significant milestone in advancing the capabilities and efficiency of small satellite propulsion. This partnership not only strengthens the U.S. Department of Defense/National Security small satellite supply chains but also positions both companies at the forefront of a rapidly growing market. 🚀 With the small satellite constellations market projected to reach approximately $14.54 billion by 2031 (Technavio, 2023), the increasing demand for earth/in-space observation and remote sensing applications highlights the importance of innovative and cost-effective solutions like the Valkyrie Thruster. This collaboration ensures that Phase Four and Redwire Space are well-equipped to meet these demands and drive the industry forward. Looking forward to seeing the incredible advancements and achievements that will come from this partnership. Exciting times ahead for Phase Four, Redwire Space, and the entire small satellite industry! 🌌📡 #SpaceInnovation #SatelliteTechnology #Partnership #Defense #SpaceExploration #Technavio #GrowthMarket #VVCFund #JustinTuckerInvests