Hope your 2Q is off to a great start!

Let’s get to it.

In this issue, I recap some April real estate highlights, profile Phantom Space and its Arizona headquarters, and then share some interesting content I’ve been consuming.

Enjoy!

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APRIL REAL ESTATE HIGHLIGHTS

Rosotics, a Mesa, Arizona-based startup, has inked a lease for nearly 130,000 square feet in two hangars in the northwest section of Falcon Field Airport, where it intends to create a manufacturing, research and development campus for its heavy metal 3D printing system that will hit the market later this year. The company previously occupied 15,800 square feet of space in a hangar at the airport. (source: The Business Journals)

True Anomaly, Inc. announced today it has come out of stealth and raised $30M in funding to date, including its recent $17M Series A led by Eclipse in partnership with Riot Ventures, Champion Hill Ventures, Space.VC, and Narya. In under a year, the company designed its first spacecraft, the Jackal Autonomous Orbital Vehicle, opened a 35,000-square-foot factory in Englewood, Colorado, and hired 57 employees. (source: PR Newswire)

Blue Origin, based in Kent, Washington, is adding more space to its Denver-area portfolio after leasing roughly 36,000 square feet at a property it initially moved into about a year ago. The aerospace company now occupies three of the six floors at the 8744 Lucent Blvd. building in Highlands Ranch, Colorado. (source: Costar)

Orbit Fab. Following its $28.5 million Series A funding round, Lafayette, Colorado-based Orbit Fab is expanding its technical and manufacturing capabilities to ramp up production to meet intensifying demand for its on-orbit refueling ports, shuttles and depots, which can deliver and dispense chemical, electric and green propellants in space. Orbit Fab occupies a 56,000 square foot facility in Lafayette, CO. (source: orbitfab.com)

OFFICE SPACE PROFILE: PHANTOM SPACE

As some of the above highlights show, the space ecosystem is growing in more than just Southern California. In early April, I was lucky enough to meet with Jim Cantrell, CEO and Co-Founder of Phantom Space, and tour his headquarters in Tucson, Arizona.

Jim was SpaceX’s first VP of Business Development. While at SpaceX, he led supply chain management, market analysis, sales and strategy development. He was also involved in the architecture development of the Falcon 1 and Falcon 5 launch vehicles. Needless to say, Jim’s seen some things!

Phantom mass produces small satellite launch systems that lower the cost of launch 2-3X below the best ride-share capabilities. They combine mass-produced launches with mass-produced small satellites, affordable in-space propulsion systems, and its Phantom Cloud constellation to make space access simpler and more affordable in an expanding space economy.

It was also recently announced that Space Force allocated three historic Cape Canaveral launch pads to Phantom and three other companies.

If you’re interested in learning more about Jim, here’s a terrific interview he did that appeared in Authority Magazine, The Future Of Space: Jim Cantrell Of Phantom Space On How Space Travel and The Space Industry Can Improve Our Lives Here On Earth.

Bringing it back to real estate, Jim was kind enough to let me take some pics of Phantom Space’s HQ. They use their 50,000 square feet for office and R&D.

WHAT I’M READING (AND ENJOYING!)

📖 This Via Satellite article is a nice transition from our Phantom Space profile (above): How SpaceX Alums Are Branching Out and Shaping the Startup Economy. If it’s a bit TLDR, check out this stat about SpaceX alum: … collectively raised $3.6 billion, with much of that fundraising taking place in just the last few years.

📈 You can tell the space industry is doing well when the big consulting companies want in! This Deloitte piece is more or less campaigning for your business but does include some interesting commentary on the evolving aspects of the business of space. Some good stats for future presentations (depending on your sector) here.

🎧 Technically, I listened to this one: Manufacturing Drugs in Zero Gravity. It’s pretty wild the impact space is having on many different industries other than just… well, space.

🎧 Okay, might have to change the title of this section! I also listened to Ursa Major Founder & CEO Joe Laurienti on How I Built This with Guy Raz about the 3D printing industry and the origins of the company he founded.

GET OUT AND VOTE

I’m thinking about doing something. If you have a sec…

Thanks for reading.

If you’d like your office and/or manufacturing space or business profiled, let me know. It’s always fun to explore and share the many different components of the space business.

As always, I’m here to help with your real estate needs.

Over and out.

Erik Stiebel
Founder and Vice President
CA DRE License #02080746
(c) +1 424.241.4795
[email protected]