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Space

SpaceWERX Selects Nine Small Companies For STRATFI Funding

By Cal Biesecker

Monday, August 26th, 2024

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SpaceWERX Selects Nine Small Companies For STRATFI Funding

Selfie of Apex's Aries SN1 satellite on orbit. Photo: Apex

The U.S. Space Force’s innovation arm last week selected nine companies to receive contracts to help move their respective technologies beyond the prototype stage to deliver capabilities to the service. Under the Strategic Funding Increase (STRATFI) program, awardees must raise matching private funds. Government awards within the program are between $3 million and $15 million for these companies. SpaceWERX said the program year 2024.2 includes $155 million in government matching funds and $217 million in private matching funds. Selectees and…

Congress

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Congress

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Congress

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