Alaska Capital Allocates $30 Million to Enhance Fenix Space Inc.’s Next-Generation Launch Capabilities

Alaska Capital Invests $30 Million in Fenix Space for Advanced Launch Capabilities

Anchorage,Alaska – September 19,2025 – Alaska Capital,LLC has announced a Letter of Intent to contribute $30 million in Series A funding to Fenix Space,Inc., a San Bernardino-based firm specializing in innovative launch technologies.The investment positions Fenix Space to accelerate the progress and deployment of its advanced, reusable launch systems, while together elevating Alaska’s role in the rapidly evolving aerospace industry.

Strategic Investment in Alaska’s Aerospace Future

This collaboration extends beyond mere financial support. Alaska Capital intends to actively facilitate Fenix Space’s access to strategically vital locations throughout Alaska, including airports and launch facilities in Kodiak, Anchorage, Fairbanks, and the Aleutian Islands. These sites are poised to become critical infrastructure for commercial space launches, hypersonic research, and enhanced international trade and logistical operations.

Fenix Space’s Innovative Technology

Fenix Space is pioneering a “tow-launch” technology designed to offer more flexible and affordable access to space.According to company executives, the system will address current limitations in launch availability, often described as “traffic jams at launch pads”.The company currently serves clients within the U.S. department of War, including the Defense Innovation Unit (DIU), the Space Development Agency (SDA), and National Security Innovation Capital (NSIC).

Did You Know? The global space launch market is projected to reach $24.97 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2032, according to a recent report by Allied Market Research.

Leadership Perspectives

Dennis Muilenburg,a board director for Fenix Space and former Chairman and CEO of The Boeing Company,emphasized the transformative potential of the partnership. “This partnership between Alaska Capital and Fenix Space represents a significant step toward delivering a transformational on-demand tow-launch technology for the United States, with unmatched operational adaptability and affordability. It is indeed especially exciting that Alaska will be one of the founding users for this launch system,” he stated.

John Tichotsky, Managing Partner of Alaska Capital, highlighted Alaska’s integral role in the venture. “I am personally excited that this will utilize Alaska’s potential as a central player in the next era of aerospace,” Tichotsky said. “By combining Alaska’s unparalleled geographic advantages in the Pacific with other sites, along with Fenix Space’s breakthrough technology suite, we are creating a pathway for innovation in space access, defense, and global trade.”

Jason Lee, founder and CEO of Fenix Space, expressed his enthusiasm for the collaboration. “We are thrilled to partner with Alaska Capital,” Lee said. “The investment and access to world-class launch sites will add to our upcoming tests in Oklahoma, accelerating our mission to redefine launch economics and open new opportunities for commercial and defense customers.”

Key Player	Role
Alaska Capital, LLC	Investor ($30 Million), Strategic Access Provider
Fenix Space, Inc.	Technology Developer, Launch Service Provider
U.S. Department of War	Customer (DIU, SDA, NSIC)

Pro Tip: Reusable launch systems are critical to lowering the cost of space access, making space-based technologies more accessible and sustainable.

Upon completion of the transaction, Alaska Capital will secure a seat on the Fenix Space Board of Directors, actively contributing to corporate governance, compliance, and strategic growth. This move signals a long-term commitment to fostering innovation and establishing Alaska as a leader in the burgeoning space economy.

What role do you foresee for reusable launch technologies in the next decade? And how significant will Alaska’s contribution be to the future of space exploration and commercialization?

The Growing Importance of Space Access

The demand for access to space is rapidly increasing, driven by advancements in satellite technology, growing commercial space opportunities, and national security concerns.Developing cost-effective and reliable launch capabilities is, therefore, paramount. Companies like Fenix Space that are pioneering reusable launch technologies are poised to play a crucial role in meeting this demand. The increased accessibility will also spur further innovation in areas such as space-based internet, Earth observation, and resource utilization. With a strong focus on sustainability and affordability, the future of space looks brighter than ever.

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What specific improvements to the Pacific Spaceport Complex – Alaska (PSCA) will the $12 million launch pad upgrade fund?

Strategic Investment in Alaskan Space Infrastructure

Anchorage, Alaska – September 19, 2025 – The Alaska State Legislature has approved a $30 million investment to bolster the launch capabilities of Fenix Space inc., a rapidly growing aerospace company specializing in small satellite launch services. This significant capital allocation signals Alaska’s commitment to becoming a key player in the burgeoning commercial space industry and fostering innovation in space technology.The funding will directly support the development and expansion of Fenix Space’s launch facilities located at the Pacific spaceport Complex – Alaska (PSCA) on Kodiak Island.

Details of the Funding Allocation

The $30 million will be distributed across several key areas, designed to maximize impact and accelerate fenix Space’s development timeline:

* Launch Pad upgrades ($12 Million): Modernizing and expanding the existing launch infrastructure at PSCA to accommodate a wider range of launch vehicles and payload sizes. This includes reinforced launch mounts, enhanced safety systems, and improved environmental controls.

* Payload Processing Facility Expansion ($8 Million): Increasing the capacity of Fenix Space’s payload processing facility to handle a higher volume of satellite integration and testing.This is crucial for meeting growing demand from commercial and government clients.

* Advanced Tracking & Communication Systems ($5 Million): Implementing state-of-the-art tracking and communication systems to ensure reliable mission control and data acquisition during launches. This includes upgrades to ground stations and the integration of advanced telemetry systems.

* Workforce Development & Training ($5 Million): Investing in training programs to develop a skilled workforce capable of supporting the growing space industry in Alaska. This will focus on areas like aerospace engineering, launch operations, and data analysis.

Fenix Space Inc.: A Rising Star in Small Satellite launch

Fenix Space Inc. has quickly established itself as a leader in the small satellite launch market. The company focuses on providing dedicated and responsive launch services for CubeSats, microsatellites, and other small payloads. Their innovative launch vehicles and flexible launch solutions have attracted significant interest from a diverse range of customers, including:

* Earth Observation Companies: Deploying satellites for environmental monitoring, disaster response, and agricultural analysis.

* Telecommunications Providers: Launching satellites to expand broadband access and improve communication infrastructure.

* Research Institutions: Facilitating scientific research and technology development in space.

* Government Agencies: Supporting national security and space exploration initiatives.

The Strategic Importance of PSCA – Alaska

The pacific Spaceport Complex – Alaska (PSCA) offers several unique advantages for space launches:

* Polar Orbit Access: PSCA’s location provides optimal access to polar orbits, which are essential for many Earth observation and scientific missions.

* Unrestricted Launch Corridor: The vast, sparsely populated region surrounding PSCA offers a clear and unrestricted launch corridor, minimizing safety risks and launch delays.

* Geopolitical Advantages: Alaska’s strategic location provides a secure and reliable launch site for both commercial and government customers.

* Growing Spaceport Infrastructure: Ongoing investments in infrastructure and technology are transforming PSCA into a world-class spaceport.

Economic Benefits for Alaska

This investment in Fenix Space is expected to generate significant economic benefits for Alaska:

* Job Creation: The expansion of Fenix Space’s operations will create hundreds of high-paying jobs in the aerospace industry.

* Increased Tax Revenue: The growth of the space industry will contribute to increased tax revenue for the state.

* Diversification of the Alaskan Economy: The space industry will help diversify Alaska’s economy, reducing its reliance on traditional industries like oil and gas.

* Technological Innovation: The presence of a leading aerospace company like Fenix Space will foster innovation and attract other high-tech businesses to Alaska.

Alaska’s Space Industry Ecosystem

Beyond Fenix Space, Alaska is fostering a growing ecosystem of companies supporting the space industry. This includes:

* Aerospace Manufacturing: Companies specializing in the design and fabrication of aerospace components.

* Space Data Analytics: Firms providing data processing and analysis services for satellite imagery and other space-based data.

* Launch Support Services: Companies offering logistical support, mission control, and other services for space launches.

* Research and Development: Universities and research institutions conducting cutting-edge research in space technology.

Future Outlook: Alaska as a Space Launch Hub

The $30 million investment in fenix Space Inc. represents a pivotal moment for Alaska’s space industry. With its strategic location,growing infrastructure,and skilled workforce,Alaska is poised to become a major hub for commercial space launches. this investment will not only enhance Fenix Space’s capabilities but also attract other aerospace companies to the state, creating a thriving space economy and solidifying Alaska’s position as a leader in the next generation of space exploration and innovation. The continued development of PSCA and the support of companies like Fenix Space are crucial for realizing Alaska’s full potential in the rapidly expanding space sector.