Lockheed Martin Ventures leads investment in Agile Space
Agile Space Industries has successfully completed a financing round, positioning itself for potential additional funding from the U.S. Air Force’s AFWERX programme.
If granted, the funding would accelerate the development of Agile’s Mobile Payload Processing Center (MPPC), which is aimed at enhancing space operations.
The latest investment round is being used to expand the company’s workforce and infrastructure to support a growing commercial backlog.
Leading the investment round is Lockheed Martin Ventures (LMV), continuing their backing of Agile after participating in the company’s 2023 seed round.
“Lockheed Martin is a leader in cutting-edge technology and innovation within the rapidly changing space economy,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures.
“Our continued investment in Agile demonstrates our dedication to accelerating groundbreaking technologies that not only meet a critical need in the industry, U.S. space programmes and the Pentagon, but also propels us further towards uncovering the mysteries of space.”
Agile Space Industries has experienced rapid growth, with a surge in commercial demand driving a 90% increase in bookings and a 40% rise in revenue between 2022 and 2023.
This momentum has accelerated in 2024, with increasing orders for chemical propulsion thrusters and tanks from civil, commercial, and national security sectors, both in the U.S. and internationally.
