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.
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.