
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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