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Stock impact report

Orbit Fab unveils $30K port to refuel satellites [TechCrunch]

MUENCHENER RE GP UNSP/ADR (MURGY) 
NASDAQ:AMEX Investor Relations: ir.kiterealty.com
Company Research Source: TechCrunch
That docking mechanism, called RAFTI, is now flight qualified and on the market. The price tag for each port? Just $30,000. The Colorado-based startup (and former TechCrunch Disrupt Battlefield finalist ) has been in operation since 2018, and its CEO and co-founder Daniel Faber has been working in the space industry for decades; he's likely best known for heading up Deep Space Industries (DSI), a company that was targeting asteroid mining. The company, which was founded in 2012, was acquired by Bradford Space seven years later. “If you want [to talk about] something that's too early, that's it,” he joked during a recent interview. As part of the company's efforts to eventually build tech capable of prospecting a distant asteroid, DSI built satellite thrusters for orbital maneuvering. This work, and subsequent conversations with customers and colleagues, eventually led Faber to believe that the next big opportunity was in-space refueling. Part of it is simple math: colleagues and Show less Read more
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