AEI Concurrently Closes its Previously Announced Strategic Investment in Firefly Aerospace

BOCA RATON, Fla., March 22, 2022 (AE Industrial Partners PR) — AE Industrial Partners, LP (“AEI”), a U.S-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, announced today that it led a $75 million Series B financing round in Firefly Aerospace (“Firefly” or the “Company”), an emerging leader in economical launch vehicles, spacecraft, and in-space services. The Series B investment will support Firefly’s next stage of growth by providing capital for future Alpha flights, the Blue Ghost Lunar Lander Program, and the development of additional launch and in-space solutions. Concurrently, AEI completed its previously reported acquisition of Noosphere Venture Partners LP’s (“Noosphere Ventures”) stake in the Company. The transaction values Firefly above its May 2021 Series A valuation of more than $1 billion.

WASHINGTON (Intelsat PR) — Intelsat S.A. announced today that it has successfully completed and emerged from its financial restructuring process as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary conditions.

Intelsat’s now effective Plan of Reorganization, supported by all creditor groups and confirmed by the Bankruptcy Court on December 16, 2021, has reduced the Company’s debt by more than half, from approximately $16 billion to $7 billion.

Definitive Agreement on Acquisition by U.S.-based Investment Firm will Fuel Firefly’s Continued Journey as a Leader in End-to-End Space Transportation

BOCA RATON, Fla., Feb. 24, 2022 (AEI PR) — AE Industrial Partners, LP (“AEI”), a U.S-based private equity firm specializing in aerospace, defense & government services, space, power and utility services, and specialty industrial markets, announced today that it has reached a definitive agreement to acquire a significant stake in Firefly Aerospace (“Firefly” or “the Company”), an emerging leader in economical launch vehicles, spacecraft, and in-space services, from Noosphere Venture Partners LP (“Noosphere”). Transaction closing is subject to the satisfaction of regulatory approvals, including Hart-Scott-Rodino (“HSR”) clearance. Other terms of the transaction were not disclosed.

JACKSONVILLE, Fla., October 29, 2020 (Redwire PR) – Redwire, a new leader in mission critical space solutions and high reliability components for the next generation space economy, announced today that it has acquired Roccor, a disruptive military and commercial hardware supplier in the rapidly growing small satellite market and a premier manufacturer of deployable booms, structures, antennas, thermal products, and solar arrays for the space industry. Terms of the transaction were not disclosed.

• Merger to create the first publicly traded space infrastructure company at the forefront of the new space economy
• Momentus partners and customers include SpaceX, Lockheed Martin, and NASA
• Momentus to become publicly listed through a business combination with Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW) (“Stable Road”)
• Combined company will have an estimated enterprise value of approximately $1.2 billion and will become listed on Nasdaq under the ticker symbol “MNTS” following expected transaction close in early 2021
• Pro forma for the transaction, Momentus will have approximately $310 million in cash on the balance sheet, to be funded by Stable Road’s $172.5 million of cash held in trust (assuming no redemptions) and $175.0 million from a fully committed common stock PIPE at $10.00 per share, including investments from private equity growth investors, family offices and select top tier public institutional investors

SANTA CLARA, CA , October 7, 2020 (Momentus PR) — Momentus Inc. (“Momentus” or the “Company”), a commercial space company offering in-space transportation and infrastructure services, today announced it has signed a definitive merger agreement with Stable Road Acquisition Corp. (Nasdaq: SRAC, SRACU, SRACW) (“Stable Road”) that will result in the Company becoming publicly listed. Upon the closing of the transaction, the combined operating company will be named Momentus Inc. and its securities will be listed on Nasdaq and trade under the ticker symbol “MNTS.”