Orbit Fab announced it has been named to Fast Company’s third annual Next Big Things in Tech list, honoring technology breakthroughs that promise to shape the future of industries – from healthcare and security to artificial intelligence, data, and space exploration.
This year, 119 technologies developed by established companies, startups, or research teams are highlighted for their cutting-edge advancements and potential to impact consumers, businesses, and society overall. The technological developments and innovators recognized across the latest Next Big Things in Tech list are reaching key milestones to have a proven impact in the next five years.
Orbit Fab is laser focused on revolutionizing satellite missions in space and the overall space economy with unprecedented on-orbit refueling capabilities enabled by its RAFTI™ and GRIP™ in-space fueling systems. With the US Government, defense agencies, and commercial missions pressing for refueling capabilities to enable sustainable maneuverability and pivotal advantages in space, Orbit Fab has a stringent roadmap aimed at the delivering a broad range of fuels and propellants to missions on orbit.
The company’s RAFTI™ in-space refueling port and other key solutions will enable defense, government, and commercial organizations to extend their multi-faceted, multi-orbit operations. The company is on track to become a leading provider of propellants and fuels in space and is already the first to ink a fuel delivery agreement with the Department of Defense in geostationary (GEO) orbit.
“Orbit Fab is honored to be recognized as one of Fast Company’s Next Big Things in Tech, as we remain dedicated to growing and refining our team and technologies to bring this new era of in-space fueling capabilities to customers around the world,” said, Daniel Faber, Orbit Fab Founder and CEO. “Orbit Fab is aggressively and effectively delivering on a quality-centric roadmap that will produce world-class fueling ports, shuttles, and depots for breakthrough missions throughout the months and years ahead.”
“The Next Big Things in Tech is not just a look around the corner – it’s a look around the corner after that,” said Brendan Vaughn, editor-in-chief of Fast Company. “These are the products and ideas that will define technological innovation for the rest of this decade and beyond and solve some of the world’s most pressing issues. We are thrilled to honor Orbit Fab and other organizations that are making these game-changing solutions a reality.”
Earlier this year, Orbit Fab completed a successful Series A funding round of $28.5 million that will allow the company to accelerate key executive and technical team hires, drive fuel sales, the integration of the RAFTI refueling port, and the development of fuel delivery and storage infrastructure in GEO, LEO, and VLEO orbits.
Orbit Fab’s in-space fuel shuttles and depots will allow satellite and mission operators to launch smaller, more powerful satellites that can get to revenue-generating orbits faster and more cost effectively since fuel is no longer a constraint. The company has contracts and collaborative agreements in place to develop and deliver chemical, electric, and green propellants to support and enable dynamic space operations, satellite servicing, and extended missions aboard a broad range of spacecraft in GEO, LEO, and VLEO.
For more information visit: www.orbitfab.com