Ibadan, 15 July 2024. – D-Orbit has announced its formation of D-Orbit USA, a joint venture with Mike Cassidy, Mark Krebs, Miles Gazic, Danny Field, and David Harrower to strengthen its presence in the US satellite bus market. As a result, the new Company becomes the latest addition to the D-Orbit Group and will focus on satellite bus design, manufacturing, and sales.
The team comprises aerospace executives with extensive expertise, particularly in rigorous and comprehensive Qualification Test and Acceptance Test programs, honed through their experience at top aerospace organizations like SpaceX, Amazon’s Kuiper, and OneWeb. Furthermore, D-Orbit USA’s foundation enjoys support from D-Orbit’s successful flight heritage, including ION’s 13 successful orbital missions, and a team of over 300 professionals, including highly skilled engineering and quality teams dedicated to maintaining the highest standards of innovation and performance.
Luca Rossettini, CEO of the D-Orbit Group, commented: “The formation of D-Orbit USA marks a significant milestone in our strategic expansion into the US market. By combining the unparalleled expertise of our US-based team with D-Orbit’s proven flight heritage, we are ready to deliver innovative, reliable, and cost-effective solutions.” The CEO also added, “This joint venture underscores our commitment to meeting the growing demands of the space industry and reinforces our position as a global leader in space infrastructure and logistics.”
D-Orbit chose to create this joint venture in the USA in response to forecasts for the space industry which suggest a significant growth from an estimated $546 billion at the end of 2023 to over $1 trillion by 2030. Furthermore, the Company is in an excellent position to accelerate its growth following its successful first closing of its Series C funding round this year, raising about $107 million.
