Impulse Space, founded in 2021 by former SpaceX co-founder Tom Mueller, is an up and coming player in the wacky world of space tugs, more professionally known as 'orbital transfer vehicles.' OTVs are satellites designed to carry spaceborn cargo to various orbits.
We are the only company capable of delivering 4G and 5G and in the future, 6G broadband speed sufficient for voice calls, voice over LTE, live video calls, streaming, and full Internet access directly to unmodified devices. Simply put, we are the first company in the history of commercial satellite manufacturing to produce satellites of our size and power at scale.
Apple's satellite features were originally designed for emergencies, allowing iPhone users to contact emergency services when cellular and Wi-Fi coverage is unavailable. With recent versions of iOS, Apple has expanded those capabilities to include sending and receiving messages via satellite. This makes it possible to stay in touch with friends and family from remote locations where traditional networks do not reach, such as hiking trails, rural areas or offshore locations.
Redwire focuses on space infrastructure and autonomous systems. The company completed its Edge Autonomy acquisition and reported 50.7% year-over-year revenue growth. Management maintained full-year guidance of $320 to $340 million, and the book-to-bill ratio of 1.25 suggests demand is holding. But the business is bleeding cash with a net loss of $41.2 million in Q3, nearly double the $21 million loss from the prior year. Gross margin sits at just 16.3%, leaving almost no room for error.
We are firmly in the era of the satellite constellation—groups of dozens of similar satellites—and are currently entering the era of the mega constellation, wherein groups of thousands of satellites swarm the skies. The clusters of satellites started small, but, like a viral outbreak, they grew almost without us noticing—and now we're dealing with a pandemic.
By the end of the year, Northwood, based in El Segundo, California, had shown the ability to build eight of these Portal arrays a month. And in January the company had deployed operational Portal antennas across two continents. These deployments, which comprise an area of 8 to 15 meters, have the equivalent capability of a 7-meter parabolic dish, said Griffin Cleverly, co-founder and chief technical officer of Northwood.
Aspiring Starlink competitor Logos Space Services has secured FCC clearance to launch more than 4,000 broadband satellites into low Earth orbit by 2035, as reported by . Under FCC regulations, the company must deploy half of the approved amount within the next seven years. The company is headed by its founder, Milo Medin, a former project manager at NASA as well as a former vice president of wireless services at Google.