Deep Space Industries acquired by Bradford Space

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According to (This article and its images were originally posted on SpaceNews.com January 2, 2019 at 07:06AM.)

WASHINGTON — Deep Space Industries (DSI), a company founded to pursue asteroid mining but which more recently has focused on smallsats, has been acquired by another space technology company.

Bradford Space, a U.S.-owned company with facilities in the Netherlands and Sweden, announced Jan. 1 that it has acquired San Jose, California-based DSI. Ian Fichtenbaum, a director of Bradford Space, confirmed in a Jan. 1 email that the deal had closed, but that terms of the acquisition could not be disclosed.

A group of entrepreneurs and space advocates founded DSI in 2012 with a goal of developing technologies for prospecting and eventually extracting space resources, such as water ice, from asteroids. It proposed carrying out those missions using small spacecraft the company planned to develop.

More recently, DSI pivoted towards smallsats in general, including the production of a propulsion system called Comet that used water as propellant. The company promoted Comet on its ability to provide performance approaching that of traditional monopropellant systems like hydrazine, but with a non-toxic propellant that was cheaper and safer to handle.

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This article and images were originally posted on [SpaceNews.com] January 2, 2019 at 07:06AM. Credit to the original author and SpaceNews.com | ESIST.T>G>S Recommended Articles Of The Day.

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