WASHINGTON — Cloud Constellation, a startup focused on secure data storage in space, has selected LeoStella to build a system of 10 satellites bound for low Earth orbit.
Cloud Constellation CEO Cliff Beak said LeoStella, a joint venture of Thales Alenia Space and Spaceflight Industries, beat Northrop Grumman on price, among other factors.
Beek said the lower price of the LeoStella offer means Cloud Constellation can reduce the total cost of deploying its “SpaceBelt” orbiting cloud storage system from $480 million to $350 million.
“It’s a significant improvement from where we were, and makes it so that our capital raise is lower than what we previously needed it to be,” Beek said.
LeoStella will also build the satellites smaller and faster than Northrop Grumman would have, Beek said. Cloud Constellation plans to begin service in the fourth quarter of 2021.
In a statement, Brian Rider, LeoStella’s chief technology officer, hailed the company’s selection as evidence of the joint venture’s potential with new space ventures.
“We created LeoStella to enable innovative space constellations and forward-thinking businesses such as Cloud Constellation,” he said. “The SpaceBelt DSaaS [Data Security as a Service] will bring a powerful new capability for ...