Slingshot Aerospace

Slingshot Aerospace is developing solutions to allow organizations to monitor real-time and maintain their assets in space through a digital landscape. It uses data from multiple sources to provide real-time coordination and predictive assessments for space operators to mitigate risks. 

The company has several products mainly, 1) Slingshot Beacon which collaborates spaceflight operators in a collision avoidance program that launched in a pilot program in August 2021, 2) Digital Space Twin uses multiple data sources to provide realistic simulations in space, and 3) Slingshot Laboratory is a virtual training program to assist students in astrodynamics and astronautics which the company has collaborated with US Space Force (USSF) to conduct pilot programs. 

By the end of 2022, the company's Slingshot Beacon platform was utilized by operators representing 63% of all satellite constellations in low-Earth orbit.

As of November 2022, the company had made three acquisitions: 1) Numerica Space Domain Awareness (in August 2022) to obtain its proprietary sensors and software, 2) Seradata (in August 2022) to obtain its authoritative database and analytical system and 3) Stellatus Solutions (in August 2021).

Key customers and partnerships

The company’s key customers include NASA, Boeing, Lockheed Martin, the USSF, the US Air Force, and OneWeb. In March 2022, USSF granted a 39-month contract to the company amounting to USD 25.2 million to develop its two products, digital space twin and slingshot laboratory. 

In June 2024, the company partnered with Defense Advanced Research Projects Agency to develop a new AI system called “Agatha,” which identifies anomalous spacecraft within large-satellite constellations.

Funding and financials

The company raised USD 40.85 million in December 2022 in a Series A2 funding round led by Sway Ventures. The funds were allocated toward the acquisition of Numerica, expanding its customer base and global sensor network, advancing its digital space twin solution, and commercializing its Slingshot Beacon product.