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Benchmark Space Systems named one of Fast Company’s ten most innovative space companies of 2023

Benchmark Space Systems, the leading in-space mobility and small satellite propulsion systems provider, has been named to Fast Company’s top 10 list of most innovative space companies, as part of its prestigious annual list of the World’s Most Innovative Companies for 2023.

This year’s list highlights the businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow. These companies are setting the standard with some of the greatest accomplishments of the modern world. In addition to the World’s 50 Most Innovative Companies, 540 organizations are recognized across 54 sectors and regions.

“Benchmark Space Systems is thrilled to be recognized as one of Fast Company’s Top 10 Most Innovative Space Companies, as we remain laser focused on growing and fine tuning our team and developing breakthrough green propulsion technologies and solutions to meet ever-evolving demands in space,” said Ryan McDevitt, Benchmark CEO. “We are especially proud to be honored by Fast Company for our development of our thrusters running on non-toxic High-Test Peroxide propellant, our electric, chemical and hybrid propulsion systems, and our work in space traffic management and the removal of satellites at the end of their mission.”

Benchmark Space Systems develops, tests and delivers green propulsion systems for small and large satellites, and orbital transport vehicles (OTVs) operating in GEO, MEO and LEO orbits. The company’s flight-proven thrusters and propulsion systems have already played key roles in powering commercial and government satellite missions in space.

Benchmark continues to see exponential growth, more than doubling in size every year since it was founded in 2017. Its lineup of thrusters, propulsion systems, and collision avoidance and deorbit solutions have driven demand and manufacturing capabilities across the organization. Momentum in 2022 saw the company book more than 250 orders for its chemical, electric and hybrid offerings.

Fast Company’s editors and writers sought out the companies making the biggest strides around the globe. They also judged nominations received through their application process. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy.

“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to upstarts like MrBeast and Benchmark Space Systems and institutions such as NASA. Everyone on this list does something completely, uniquely different, yet, they all have one thing in common: innovation,” said Fast Company editor-in-chief Brendan Vaughan.

Fast Company will host its third annual Most Innovative Companies Summit on April 19 and 20. The virtual summit celebrates the Most Innovative Companies in business, and provides an inside look at cutting-edge business trends and what it takes to innovate in 2023. Fast Company’s Most Innovative Companies issue (March/April 2023) is available online here, as well as in-app form via iTunes, and on newsstands beginning March 14. The hashtag is #FCMostInnovative.


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