NASA / Ben Smegelsky
Astrobotic
Overview
Prime contractor for NASA Commercial Lunar Payload Services (CLPS) deliveries. Revenue from fixed-price NASA task orders; emerging commercial payload sales.
Moat: First-mover position in CLPS — Peregrine Mission One was the maiden CLPS launch (Jan 2024). Griffin Mission 1 is the only confirmed cargo-class CLPS lander in the manifest. Years of NASA mission-design heritage from CMU spinoff roots.
Business
Primary customers
- Government: NASA (CLPS)
- Commercial: Commercial payload customers (international + private)
Sectors
Lunar exploration · NASA CLPS prime · Government services
Gallery
Last Funding Round
Key Products
- Peregrine lunar landerretired
Small lunar lander (90 kg payload to surface). Lost January 2024 due to propellant leak after Vulcan Centaur maiden launch.
First flight: 2024-01-08
- Griffin cargo lunar landerdevelopment
500 kg payload-class lunar lander. Manifest changed from NASA VIPER (cancelled July 2024) to Venturi Astrolab FLIP rover + secondary payloads. NET late 2026 (reports of a slip to ~Nov 2026).
First flight: late 2026 (NET)
- Lunar Surface Proximity Operations System (LunaGrid)development
NASA Tipping Point–funded wireless power transmission demonstrator for surface power distribution.
Government Contracts
| Agency | Program | Amount | Year | Source |
|---|---|---|---|---|
| NASA | CLPS Task Order 19D (Peregrine Mission 1, lost Jan 2024) | $108M | 2019 | |
| NASA | CLPS Task Order 20A (Griffin Mission 1, NET late 2026 with Astrolab FLIP) | $199.5M | 2020 |
Investor Resources
Primary-source documents — straight from Astrobotic's investor relations and SEC filings.
Near-term Catalysts
- late 2026 (NET)
Griffin Mission 1 launch
Validates Astrobotic's lander platform after the Peregrine loss; first cargo-class CLPS delivery.
- 2026-2027 (rumored)
Possible SPAC combination
Would make Astrobotic the third public lunar-lander company (after LUNR, ispace 9348.T).
Top Risks
- Single-mission concentration: Griffin slip would dominate the financial year.
- VIPER cancellation already reset the Griffin manifest mid-flight.
- Lower margin on fixed-price CLPS task orders vs cost-plus alternatives.
Recent Milestones
- 2024-01-08
Peregrine Mission One launch on Vulcan Centaur maiden flight
- 2024-01-18
Peregrine lost — controlled re-entry over South Pacific after propellant leak
- 2024-07
NASA cancels VIPER; Griffin payload manifest revised to Astrolab FLIP
- 2024-11-20
Closed $34M Series C at $380M post-money
- 2026
Griffin Mission 1 launch NET late 2026 — slipped from mid-2026 (NASA confirmation Oct 2025), with reports of a further slip to ~Nov 2026
From Management
Recent interviews and talks from Astrobotic's leadership — hear the strategy in their own words.
What investors should know
Q1What was the impact of the Peregrine loss?⌄
Q2What's the current Griffin Mission 1 payload manifest?⌄
Q3How does Astrobotic stack up against ispace and Intuitive Machines?⌄
Q4Is Astrobotic considering an IPO?⌄
Q5What government contracts does Astrobotic hold?⌄
Peers
Compare side-by-side →Sources & References
Investor Relations
- Astrobotic — About · 2025-12-31
- Astrobotic — Peregrine contract · 2019-05-31
- Astrobotic — Griffin contract · 2020-06-11
Trade Press
- SpaceNews — Griffin-1 delays to mid-2026 · 2025-10-28(archived)
- Wikipedia — Griffin Mission One (NET late 2026)(archived)
- Tracxn — Astrobotic funding · 2024-11-20(archived)