Top 5 Space Companies That Will Survive Covid-19
Border restrictions, quarantines, and movement cessation have resulted in devastating effects in the global economy. The service and tourism sectors are experiencing significant challenges, and the entertainment and sports industries are also feeling the weight. Space companies have not been spared either and, one British start-up, OneWeb, recently declared bankruptcy. Nonetheless, equal-footed companies like Firefly and SpaceX stand a surviving chance. Here is a brief look at the top five space companies that will survive Covid-19:
Firefly aerospace is undoubtedly one of the newest space companies destined to survive the pandemic. Backed by Max Polyakov, this innovative space company was launched back in 2014 by a former NASA engineer, Thomas Markusic. At first, the company struggled with finances, but after Max's intervention, the company now has a clear path to become a global leader in the space sector.
SpaceX is an admittedly stable and permanent aerospace manufacturer. This undisputed space company that was launched in 2000 by Elon Musk has come a long way to lead the space sector, with iconic designs such as the Falcon 9 and Falcon launch heavy vehicles. Following the deployment of the Starlink global satellite internet network, NASA tasked them to deliver prospect near-moon stations.
Lockheed Martin primarily deals with military equipment. When it comes to the space sector, they also possess many promising developments like the Orion, Maven, and Mars rover inSight. The company recently secured a deal with NASA to take part in the upcoming Artemis program, whereby the U.S. government will depend on LM to complete pending projects like the lunar base.
Two of the most significant American rocket manufacturers, Rocketdyne and Autojet, merged in 2013 to create Autojet Rocketdyne. Planes like LV Saturn and ICBM Jupiter use their engine, and the company also builds solar generators and the main power supply for the ISS. The Artemis lunar project will use firefly's lightweight rockets and the Lockheed Martin and LV Atlas.
Unlike most spacecraft, Blue Origin focuses on tourism. Although the sector presents many challenges, they continue to tread on, considering suborbital passenger flights are, in the future, expected to grow significantly. The company has a reusable triple spacecraft, which lands vertically and, as a result, was selected by NASA to take part in the crucial upcoming lunar expedition.
Many space companies have altered their operations to comply with the necessary health guidelines. As such, scheduled flights have been canceled, workers now work from home, and crucial projects have been placed on hold. However, huge corporations like Firefly aerospace and SpaceX can survive the global pandemic considering they have a stable footing.