Vivace to manufacture primary structure for Starlab space station

DENVER - Vivace Corporation has been selected to manufacture the primary structure for Starlab, a commercial space station being developed to replace the International Space Station, according to a press release from Voyager Technologies, Inc. (NYSE:VOYG).

Voyager Technologies, which holds a majority stake in Starlab Space LLC, said the structure will be one of the largest single spaceflight structures ever developed for space. Vivace will work with Starlab and its international partners to finalize the design-to-manufacture process and begin production.

NASA has awarded more than $217.5 million to the Starlab program, which has completed 27 development milestones to date. The space station aims to ensure continued human presence in low-Earth orbit after the retirement of the International Space Station.

Starlab Space is a joint venture led by Voyager Technologies that includes Airbus, Mitsubishi Corporation, MDA Space, and Palantir Technologies (NASDAQ:PLTR). Palantir, which has seen remarkable growth with revenue increasing 38.79% over the last twelve months and maintaining impressive gross profit margins of 80.03%, brings strong technological capabilities to the venture. The venture also has strategic partnerships with Hilton, Northrop Grumman, and The Ohio State University.

Dylan Taylor, chairman and CEO of Voyager Technologies, said in the statement that Starlab "offers unmatched capability amongst NASA’s Commercial LEO Destination concepts" and will establish infrastructure to serve government and commercial customers. According to InvestingPro analysis, partner Palantir Technologies has demonstrated strong market performance with a 394.72% return over the past year, though current valuations suggest the stock may be trading above its Fair Value. Investors can access detailed financial analysis and 22 additional ProTips for PLTR through InvestingPro’s comprehensive research reports.

Founded in 2006, Vivace is based in NASA’s Michoud Assembly Facility near New Orleans, Louisiana, and provides engineering and management services for U.S. spaceflight systems.

The information in this article is based on a press release from Voyager Technologies.

In other recent news, Palantir Technologies has announced a significant partnership with Boeing Defense, Space & Security. This collaboration aims to integrate Palantir’s Foundry platform to enhance AI adoption across Boeing’s defense operations. The partnership will streamline data analytics across Boeing’s facilities, which are involved in the production of military aircraft, helicopters, satellites, and other defense equipment. Additionally, Palantir has secured a substantial agreement with the UK’s Ministry of Defence, valued at up to £750 million. This five-year deal marks Palantir’s first billion-dollar contract outside the United States and involves using AI technology to improve military operations.

In terms of analyst actions, BofA Securities has raised its price target for Palantir to $215 from $180, maintaining a Buy rating due to projected growth in its applications. On the other hand, Mizuho has maintained its Neutral rating with a $165 price target after attending a product demonstration at Palantir’s offices. These developments highlight the company’s ongoing efforts to expand its influence in defense and security sectors through strategic partnerships and technological advancements.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.