PRESS RELEASE: Portal Space Systems is Awarded a $45 Million Strategic Funding Increase (STRATFI) at Fed Supernova 2024

Austin, TX - August 27, 2024 – Portal Space Systems is proud to announce that it has been awarded a $45 Million Strategic Funding Increase (STRATFI) by the United States Air Force. This prestigious award was announced on August 22, 2024, during the SpaceWERX STRATFI Successes and Selections panel held at the Fed Supernova event in Austin, Texas.

The STRATFI is a key initiative of SpaceWERX, a specialized division within the U.S. Space Force dedicated to bridging the gap between groundbreaking commercial technologies and military needs. By leveraging this funding, Portal Space Systems will continue the development of its next-gen satellite bus, Supernova, thus furthering its mission to redefine space maneuverability and support national interests.  

“This award not only provides vital financial support,” says CEO Jeff Thornburg, “But also underscores the strategic importance and interest from program offices in accelerating our development and advancing national capabilities.”