Varda co-founders
Varda Space Industries
Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system.
Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity to build products that are useful on Earth more efficiently in space’s microgravity. The International Space Station has served as a test bed for the technology – but Varda wants to produce materials at a greater scale. A recent McKinsey report highlighted the potential for making things from semiconductors to pharmaceuticals and more.
“These partnerships with NASA are a great way for us to accelerate development,” Varda co-founder Delian Asparouhov told CNBC.
Varda’s system uses a three-piece vehicle: A spacecraft, a manufacturing…
