Company profile: Phase Four
1.1 - Company Overview
Company description
- Provider of electric propulsion for small satellites, offering Maxwell, a turn-key plasma propulsion system with miniaturized RF electronics and an electrodeless thruster; proprietary RF Thrusters with mass-manufacturability and propellant flexibility; scheduled production runs to reduce lead times; development of iodine-based RF plasma propulsion; adaptation to the Air Forceβs ASCENT green propellant; and R&D to improve RF thruster performance.
Products and services
- RF Thruster: Proprietary, mass-manufacturable EP component for satellites with an electrodeless architecture that omits a hollow cathode and high-voltage electronics, enabling propellant flexibility and RF-based thrust generation
- Maxwell: A turn-key, miniaturized RF plasma propulsion system for small satellites integrating compact RF electronics with an electrodeless thruster, enabling electric propulsion in a compact form factor
- Iodine Based RF Plasma Propulsion: An electrodeless iodine thruster program for satellite EP targeting reduced cost and improved supply-chain robustness while leveraging RF plasma physics to expand propellant options
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Phase Four
International Launch Services
HQ: United States
Website
- Description: Provider of comprehensive launch services for global satellite operators, offering mission management, launch operations, and on-orbit delivery from contract signing through mission completion. Holds exclusive rights to market Proton launch services and markets the Proton Breeze M heavy-lift launch vehicle and Angara 1.2 for commercial, civil, and governmental LEO and Sun-Synchronous satellite missions.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Augustus Aero
HQ: United States
Website
- Description: Provider of communications, radar, and ISR payloads for high-altitude and small satellite platforms.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Atec
HQ: United States
Website
- Description: Provider of aerospace and energy support services, including design, construction, maintenance, and refurbishment of turbofan and aeroengine test cells; portable Phoenix modular test facilities for turboshaft, APU, and test bench applications; overhead thrust stands; fuel delivery, conditioning, and measurement systems; flight component support and legacy system sustainment; and USAF T-20/T-21 test stand repair, support, and refurbishment.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Virgin Galactic
HQ: United States
Website
- Description: Provider of commercial spaceline services, including suborbital spaceflights for tourists, suborbital launches for space science missions, and orbital human spaceflights; offers Spaceport America tours and an Astronaut Readiness Program; develops reusable spacecraft such as VSS Unity and launch carrier VMS Eve, featuring Feather Technology re-entry system.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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CesiumAstro
HQ: United States
Website
- Description: Provider of out-of-the-box communication systems for satellites, UAVs, launch vehicles, and other space/airborne platforms, combining COTS components with traditional reliability for aerospace systems. Offerings include active phased arrays (LβV bands), software-defined payloads (Ka/S), CommPack for inter-satellite links, mission data downlink, multi-beam connectivity, and 5G mmWave arrays.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Phase Four
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Buyer group 1: ββββββββ ββββββββ
ββ companies
Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 2: ββββββββ ββββββββ
ββ companies
Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 3: ββββββββ ββββββββ
ββ companies
Description: ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ ββββββββ
Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Phase Four
2.2 - Growth funds investing in similar companies to Phase Four
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4 - Top valuation comps for Phase Four
4.2 - Public trading comparable groups for Phase Four
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