Bringing human spaceflight down to Earth
Business Model:
Revenue: $24M
Employees: 51-200
Address: 474 N Lake Shore Dr
City: Chicago
State: IL
Zip: 60611
Country: US
Universal Transport Systems is dedicated to bringing human spaceflight down to Earth. To accomplish this goal we are creating a near single stage to orbit spacecraft that operates similar to a light airplane; requiring only a very small team to launch. Our key technological differentiators include a unique solid propellant rocket engine that is throttleable, stoppable, and in-flight restartable; as well as a pressure stabilized "inflatable" vehicle design. Combined with the pressure stabilized vehicle, the engine allows for incredibly high propellant mass fractions. The engine and propellant design dramatically improves safety while reducing launch costs. In order to monetize this new industry which we are creating, we will make most of our money through propellant sales; as repeat business is the most reliable revenue stream. Several years ago we started with a handful of novel ideas and began prototyping. Today we have an engine system, two full scale vehicles in testing, and a portfolio of patentable, patent pending, and patented technology. Our next step is to enter the DARPA Launch Challenge (we have already perqualified), where we will be given $400K to continue development, and up to $12M more if we make our orbital launch goals.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2019 | Non Equity Assistance | 1 | - |
Creative Destruction Lab (CDL) Creative Destruction Lab (CDL) |
6/2019 | Non Equity Assistance | 1 | - |
Creative Destruction Lab (CDL) Creative Destruction Lab (CDL) |
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