Masten Gets $4.5 Million Bid for Assets from Astrobotic Technology

A rendering of Astrobotic’s Peregrine lunar lander is shown, with NASA’s three water-detecting payloads (MSolo, NSS, and NIRVSS) highlighted in blue. (Credit: Astrobotic Technology)

Updated 8/12/2022 at 12:02 p.m. EDT with information about launch credit with SpaceX.

by Douglas Messier
Managing Editor

MOJAVE, Calif. — Astrobotic Technology has made an initial bid of $4.5 million to acquire the assets of Masten Space Systems, which sought protection from creditors last month by filing for Chapter 11 bankruptcy. The bid will serve as a minimum during the subsequent auction of Masten’s assets.

Astrobotic has also agreed to provide Masten with a $1.4 million debtor in possession (DIP) loan to allow the company to function as it works through bankruptcy.

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New Bankruptcy Document Chronicles Masten Space Systems’ Failed Efforts to Sell Company, Inability to Raise Money

A spacecraft creates its own landing pad using the in-Flight Alumina Spray Technique system. (Credit: Masten Space Systems)

Updated on 8/12/2022 at 1:40 p.m. with information about Astrobotic Technology’s loan to Masten and initial bid for the bankrupt company’s assets.

by Douglas Messier
Managing Editor

MOJAVE, Calif. — A new court document reveals that an unidentified company nearly purchased now-bankrupt Masten Space Systems earlier this year, but it ultimately backed away due to financial concerns about Masten Mission 1 (MM1), the company’s program to deliver a small rover and a suite of instruments to the south pole of the moon under a NASA contract.

“On April 29, Company A informed Masten that it did not plan to proceed with a deal because of the substantial liabilities recognized to date and additional future projected losses associated with MM1,” an Aug. 10 filing in Delaware Bankruptcy Court said.

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Masten Space Systems Files for Chapter 11 Bankruptcy

Masten’s XL-1 lunar lander was designed science and technology payloads to the Moon’s South Pole. (Credits: Masten Space Systems)

Updated 7/29/2022, 1:24 p.m. PDT: Added statements from NASA and Masten Space Systems. Clarified contract award included paying for launch.

by Douglas Messier
Managing Editor

MOJAVE, Calif. — Masten Space Systems filed for Chapter 11 bankruptcy on Thursday, signaling serious financial distress at the pioneering NewSpace company and putting at risk a NASA-funded mission to send a Masten-built lander to the surface of the moon.

The company said it owed 50 to 99 creditors between $10 to $50 million. Top creditors included SpaceX ($4.6 million), Psionic LLC ($2.8 million), Astrobotic Technology ($2.7 million), NuSpace ($1.7 million), and Frontier Aerospace ($1.2 million).

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Masten Mission 1 Lander Name & Patch Revealed

Credit: Masten Space Systems

MOJAVE, Calif. (Masten Space Systems PR) — As you all know by now, Masten is landing on the Moon in 2023! Masten Mission 1 will be the first of many Masten missions to the lunar surface and beyond. And this first mission is kind of a big deal… it will help lay the foundation for future human missions, and it offers a lot of scientific value.

We’re landing at the lunar south pole near the Haworth Crater, which is adjacent to the Malapert massif where the change in elevation exceeds 8 km – an elevation very close to Mt. Everest. This diverse topography offers the potential to explore both near-surface and deep reservoirs to detect lunar ice and volatiles, such as methane, carbon dioxide, and ammonia.

Our lunar lander (configuration XL-1) will supply the ride for this important mission, carrying payloads for both NASA and commercial customers. So it’s about time we give XL-1 an official name and mission patch.

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Masten Mission to Lunar South Shifted 11 Months to Late 2023

Masten’s XL-1 lunar lander will deliver science and technology payloads to the Moon’s South Pole in 2022. (Credits: Masten Space Systems)

MOJAVE, Calif., June 23, 2021 (Masten Space Systems PR) – Masten Space Systems is proud to be one of NASA’s providers for lunar delivery services to the Moon as part of the agency’s Commercial Lunar Payload Services (CLPS) initiative. Masten Mission 1 includes delivery of science and technology instruments near the Haworth Crater at the lunar south pole, a site expected to offer insight into the presence of important volatiles on the Moon. In addition to commercial payloads, Masten’s XL-1 lunar lander will deliver and operate eight NASA-sponsored payloads to assess the composition of the lunar surface, evaluate radiation, and detect volatiles, such as water, methane, and carbon dioxide, under the agency’s Artemis program.

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SpaceX to Launch Masten Lunar Mission in 2022

Masten’s XL-1 lunar lander will deliver science and technology payloads to the Moon’s South Pole in 2022. (Credits: Masten Space Systems)

MOJAVE, Calif., August 26, 2020 (Masten PR) –Masten Space Systems announced today that it has selected SpaceX to launch Masten Mission One (MM1). As part of MM1, Masten’s lunar lander will deliver nine NASA-sponsored science and technology demonstration experiments and several commercial payloads to the lunar south pole.

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