NOC - Look Out Northrop and Rocket Lab: Jeff Bezos Has a Space Tug Too
2023-10-28 16:16:00 ET
First there was Northop Grumman (NYSE: NOC) , first out of the gate with a Mission Extension Vehicle capable of providing propulsion and guidance to satellites in Earth orbit that had run out of fuel. Next came Rocket Lab (NASDAQ: RKLB) , with a "Photon" spacecraft able to provide similar services to smaller satellites. Finally, earlier this year we learned that privately owned Firefly Aerospace was rounding out the list of companies preparing to offer "space tug" services with its new family of Elytra orbital vehicles .
But wait! What's that I see on the horizon? Could it be yet another space company developing an orbital tug boat to haul defunct satellites hither and thither?
Yes, indeed it is. And the name of this company is Blue Origin -- Amazon (NASDAQ: AMZN) founder Jeff Bezos's personal space company.
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Look Out, Northrop and Rocket Lab: Jeff Bezos Has a Space Tug, Too