- Millennium Space Systems, a Boeing Co (NYSE:BA) company, successfully demonstrated the ability of deployable tether technology to significantly reduce the time a satellite remains on-orbit after service life completion.
- “Thousands of satellites will launch over the next decade, creating serious congestion in low Earth orbit,” commented Patrick Kelly, Ph.D., Dragracer program manager at Millennium Space Systems.
- Dragracer is the first complete demonstration of satellites safe and rapid deorbit by the Terminator Tape Deorbit Module. The Terminator Tape is an affordable, lightweight, patented, and now a flight-proven solution for responsible end-of-mission disposal of satellites to help ensure the long-term sustainability of space operations.
- The program was collaborative with Tethers Unlimited, mission launch service provider TriSept and launch vehicle provider Rocket Lab.
- Price Action: BA shares are trading higher by 2.74% at $218.5 on the last check Monday.
If You Invested $100 In Sunrun 5 Years Ago, Here’s How Much You Would Have Today
Sunrun (NASDAQ:RUN) has outperformed the market over the past 5 years by 24.65% on an annualized basis producing an average annual return of 36.29%. Currently, Sunrun has a market capitalization of $4.84 billion.
