Space NFT

Welcome back to Max Q, our weekly newsletter about space and the business thereof.

Space NFTs intersect with space in a number of ways. Also, some hiccups for major M&A in the sector.

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Lambo cashes in on NFTs, with a space station twist

No, you can’t buy a car that’s been to space (those tend not to come back for the most part). But Lamborghini is dabbling in NFTs, selling ones that are matched up with paired physical artworks. All of those items have actually been to space, with short stints on the International Space Station in 2020.

The digital NFTs you’re buying are not actually just images of those tiny pieces of carbon;

Image Credits: Fabian Oefner/Lamborghini

FTC sues to stop Lockheed Martin acquiring Aerojet Rocketdyne

The U.S. trade regulator isn’t pleased with the proposed $4.4 billion merger between primary defense contractor Lockheed Martin and top-tier supplier Aerojet Rocketdyne.

It officially filed suit to block the deal last week, citing a number of reasons.

Including decreased competition among the top U.S. defense contractors.

The potential that in picking up Aerojet, Lockheed might become privy to a little too much information regarding its competition.

Much of which the smaller company already does business with.

The good news is that the FTC is very explicit in that this is mostly about ensuring the U.S. defense industry remains as robust and high-performing as possible for the sake of national defense, rather than any other reason that might trickle down to other M&A activity around much younger, earlier-stage startups and companies.

An artist’s impression of NASA’s developmental Space Launch System, which uses Aerojet Rocketdyne engine techology. Image Credits: NASA

Epsilon3 raises seed funding to modernize the launch backoffice

Speaking of startups, a new one called Epsilon3 has raised a sizeable seed round of $2.8 million to address an oft-overlooked challenge in the space industry. Espilon3, which was part of YC’s Summer 2021 cohort, is challenging that. The CEO and co-founder came from SpaceX and Northrop Grumman.

She knows a thing or two.

About how companies big and small get their rockets off the ground and into space.

Other news from TC and beyond

Xplore finds its first satellite provider for a series of upcoming missions through a deal with OrbAstro.

Skyroot raises $4.5 million in new funding in a bridge round, and expects to have its first satellite on orbit this year.