Space Business Review A monthly round-up of space industry developments for the information of our clients and friends.

October 2018 OCTOBER M&A ROUND-UP OCTOBER INVESTMENT ROUND-UP October 14 – Harris Corporation and L3 October 10 – Boeing announced that Boeing Technologies, Inc. announced that they agreed HorizonX Ventures, its venture capital arm, and CONTACTS: to merge in an all-stock transaction valued at Gettylab LLC invested in Accion Systems Inc., a $34b and expected to close in mid-2019, Boston-based startup developing scalable electric Dara A. Panahy producing a combined company – L3 Harris propulsion technology with the aim of increasing 202-835-7521 [email protected] Technologies, Inc. – that is projected to be the lifespan and maneuverability of satellites and 6th largest defense company in the United States. other space vehicles. Bijan Ganji October 31 – Planetary Resources, Inc. October 19 - Microsatellite launch services 202-835-7543 announced that it was acquired by blockchain provider Vector Launch, Inc. announced that it [email protected] venture production studio ConsenSys, Inc. in an raised $70m in a Series B investment round led asset-purchase transaction, the specific terms of by new investor Kodem Growth Partners LLC

which were not disclosed. and by Morgan Stanley Alternative Investment Partners LP, with participation from existing To learn about Milbank’s ARIANESPACE SOYUZ ON TRACK investors Sequoia Capital, Lightspeed Venture Space Business Practice, or On October 30, Arianespace S.A. (Arianespace) Partners and Shasta Ventures. view previous issues of the announced that its Soyuz mission planned for October 31 – Astroscale Pte. Ltd. (Astroscale), Space Business Review, November 7 will proceed without delay despite please visit www.milbank.com. announced that it raised $50m through its Series the October 11 failure of a crewed Russian Soyuz D funding round, bringing the total amount of mission to the International Space Station The information contained capital raised by the company thus far to $102m. herein is provided for (ISS). The Roscosmos State Corporation for The Series D investors were led by INCJ Ltd. and informational purposes only Space Activities investigators concluded that the included funds operated by SBI Investment Co., and should not be construed recent launch failure was caused by a sensor in Ltd. and Mitsubishi Estate Co. Ltd. Founded in as legal advice on any subject the booster package that was damaged during 2013 and based in Singapore, Astroscale is matter. Recipients of this final assembly of the launch vehicle at the developing a low-Earth-orbit space debris publication should not take or Baikonur Cosmodrome. Crewed Russian Soyuz refrain from taking any action removal service to secure long-term spaceflight missions to the ISS are now set to resume, with based upon content included safety. The company is currently working on its the next launch scheduled for December 3. herein. If you do not wish to first demonstration mission, ELSA-d, which is receive this newsletter, please OCTOBER LAUNCH SERVICES scheduled for launch in early 2020. send an e-mail to October 7 – Space Exploration Technologies ROCKET LAB ANNOUNCEMENTS [email protected] Corp. successfully launched the SAOCOM 1A with the word “unsubscribe” in On October 12, Rocket Lab Ltd. (Rocket Lab) satellite for Argentina’s space agency, the the subject line. announced the opening of a new production National Commission on Space Activities, on a facility in Auckland, New Zealand. The combined © 2018 - Milbank, Tweed, reusable Falcon 9 launch vehicle and recovered capacity of this new facility and the company’s Hadley & McCloy LLP. the Falcon 9’s first stage at Vandenberg Air Force existing factory in Huntington Beach, California Base, marking the company’s first West Coast will enable Rocket Lab to manufacture one land recovery. Equipped with an L-band Electron launch vehicle each week. On October synthetic aperture radar polarimetric 17, Rocket Lab announced that it selected the instrument, SAOCOM 1A will gather soil Wallops Flight Facility in Virginia as its second moisture information. dedicated launch complex and first launch site in October 15 – China successfully launched two the United States, adding to its existing and BDS-3 navigation satellites on a Long March-3B original launch site in New Zealand. launch vehicle. Developed by the Innovation Academy for Microsatellites of the Chinese OCTOBER LAUNCH SERVICES ORDERS Academy of Sciences, the satellites join 38 other October 16 – Sweden-based Ovzon AB, a BDS satellites already on orbit, including 14 from provider of satellite-based mobility broadband the BDS-3 family. services, announced that it selected Space October 29 – Mitsubishi Heavy Industries, Exploration Technologies Corp. (SpaceX) to Ltd. successfully launched the KhalifaSat launch its first satellite on a Falcon Heavy satellite for the United Arab Emirates launch vehicle no earlier than Q4 2020. Mohammed bin Rashid Space Centre and the October 25 – Viasat Inc. selected SpaceX to Greenhouse gases Observing SATellite-2 launch one of its three planned ViaSat-3 satellite for Japan Aerospace Exploration satellites on a Falcon Heavy launch vehicle Agency on an H-IIA launch vehicle. sometime between 2020 and 2022.

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