Reconfigurable infrastructure for the space economy.
November 2026
What we do
We build the infrastructure layer orbit is missing.
Adagio is a reusable, uncrewed platform that hosts payloads from any vendor. We provide power, thermal, secure comms, pointing, robotics and operations. Customers rent capacity or own the platform.
Adagio reconfiguring on orbit, animation. Patent pending.
1,200 kgReconfigurable payload capacity
12Modules, swapped robotically on orbit
15 yrsDesign life, refreshed rather than replaced
12–200 kWPower, from Adagio to Adagio-XL
1–10 GbpsSecure optical crosslinks
4 orbitsLEO, MEO, GEO and cislunar on one architecture
How it works
Modular by design.
12 standard slots. Any compliant module, from any vendor, plugs into the same power, data and thermal interface.
Robotic, on orbit. The platform’s arm swaps, upgrades or replaces modules without a new spacecraft.
Spares in place. Transfer vehicles deliver modules and spares that wait on orbit until they’re needed.
Plug inCustomer modules dock to standard slots
UpgradeNext-generation compute swapped in
RestoreA failed sensor replaced from spares
RetaskA science slot becomes a fuel pod
The interface
One interface. Any module.
SWIS, the Symphony Wireless Interface System, is the standard every module docks to. It’s what lets the arm swap hardware in orbit.
Contactless power and dataBuilt for repeated robotic swaps over a 15-year life
The same port on every moduleCompute, sensors, fuel or science, from any vendor
Patent pendingCore design held as a trade secret
Why this?
Every satellite is born obsolete.
Time
3–7 years from concept to orbit. Then 1–5 years of service.
Adaptability
Once launched, hardware can’t be swapped, upgraded or retasked.
Resilience
Single-mission satellites are fixed targets. Lose one and the capability is gone until a new launch.
Logistics
Nothing is forward-positioned. Every replacement starts on the ground.
Cost
$30K–$150K per kg per month. A dedicated bus, integration and launch for every mission.
Launch got cheaper. Operating in orbit didn’t.
Cost per kg, illustrative. Source: Citi Research.
Our vision
Operating in orbit, 4–10x cheaper.
Cost per kg, illustrative. Launch cost source: Citi Research.
$4K–$10Kper kg per month to operate in orbit, against $30K–$150K today
<12 monthsfrom contract signature to operations in orbit
Every payloadreplaceable and upgradable in orbit
The solution
One platform. Every mission refreshable on orbit.
Capability that adapts as fast as the threat
Spares staged on orbit and swapped robotically, so a lost capability comes back without waiting for a launch.
New payloads fielded in months on a one-year integration cycle, not 3–7 years.
Retask or upgrade as the mission changes, over secure optical crosslinks.
Buyers: Space Force, Golden Dome, IC, allied defense partners
A supply chain in orbit
A GEO depot holding 1,200 kg of fuel across 12 pods, with multiple port types.
Partner transfer vehicles deliver 200 kg modules; servicers refuel client satellites.
Spares and consumables pre-positioned for on-demand deployment.
Buyers: GEO operators, Space Mobility & Logistics, servicers, OTV providers
Compute that refreshes like a rack
GPUs, radiators and platform are separate modules. Swap compute each generation and keep the radiators.
Adagio-XL: 100–200 kW compute nodes with pump-free cooling.
Process data next to the sensor and downlink answers, not raw data.
Buyers: orbital data centers, hyperscalers, GPU vendors, defense edge processing
Orbit, without building a spacecraft
Rent capacity by the kilogram and month, from a 10 kg experiment to 1,200 kg.
Uncrewed: no crew vibration, and room for payloads that can’t fly near people.
Research, Earth observation, manufacturing, media and sovereign programs.
Buyers: NASA, universities, biotech, Earth observation, sovereign space agencies
Why now?
The threat outpaced the architecture. The technology to fix it is ready.
National security
Counterspace threats, from ASATs to jamming and cyber, make fixed assets liabilities. Space Force doctrine is shifting to resilience, maneuver and Space Mobility & Logistics.
Technical enablers
Autonomy, rendezvous and docking, orbital transfer vehicles, optical crosslinks and in-space robotics have matured enough to build on.
Commercial demand
Launch cost has fallen about 10x. The Department of War now buys capability as a service, and AI is pushing data centers past what Earth’s grids can supply.
Defense pays first: missile tracking, data transport, domain awareness.
Golden Dome
$17.5B
Earth observation & sensing
$5B
Space data network
$4.5B
Hosted payloads
$2B
Space domain awareness
$1.7B
Near-term2030–2035
$70B
Opens as the fleet builds out.
Orbital compute
$39B
Physical AI & robotics
$12B
EO & data services
$8B
Finance & insurance
$6B
Space-based national security
$5B
Frontier2035 and beyond
$9.5T
Enabling supply chain under development.
Global compute
$5.6T
Physical AI
$3.3T
Orbital warehousing & logistics
$500B
In-orbit servicing
$63B
Space biotech & longevity
$4B
Built from actual buyers and mission spending, not the entire “space economy.” Symphony Space analysis of budgets and third-party market forecasts.
Why we win
Not a better satellite. A new way to buy orbit.
Smallsat hostsLoft, Spire, Sidus, Apex
Crewed stationsAxiom, Vast, Starlab
AdagioSymphony Space
Hosted payload
~50–500 kg
Station-scale, crewed
10–1,200 kg, swappable
Time to orbit
Months
Years
Months
Lifetime
~3–5 years
Crew-dependent
Up to 15 years
Servicing & upgrades
None
Astronaut-tended
Robotic, on orbit
Restore after loss
Relaunch
Crew-dependent
Robotic swap from spares
Secure comms
Varies by host
Station comms
Optical crosslinks
Cost per kg per month
~$5K–$28K (est.)
$50K+ for upmass alone
$4K–$10K
Complements, not rivals. Transfer vehicles (Impulse, Momentus, D-Orbit) and servicers (Astroscale, Starfish) deliver and maintain. Adagio is where payloads live and get refreshed.
Why not SpaceX or Blue Origin? Vertically integrated stacks aren’t neutral hosts for sovereign and defense payloads, and Blue Ring is built for mobility, not long-term hosting.
Technology & moat
Technology risk, retired step by step.
What has to work
Where it stands
Proven by
Plug-and-play interfaceContactless power and data between modules and the platform
Design review completePatent pending
PreludeApril 2028
Robotic swap and berthingBuilt on flight-proven hardware, modified for our interface
Simulation and validationPrototyping begun
PreludeReconfiguration with mixed payloads, TRL 9
Autonomy and flight softwareNASA cFS-based; GNC team with MEV operations experience
In developmentFlatsat next
Flatsat and testSpring 2027
Power and thermal at scalePump-free cooling for 100–200 kW compute nodes
DesignFollows Prelude
Adagio-XL2029
Hard to copy
2 patents pending on architecture and interface
Interface held as a trade secret
Every payload built to our standard raises switching costs
Launch slot secured for April 2028
Defense contract vehicles take years to win
ITAR/EAR posture and regulatory roadmap documented; NIST 800-171 compliance underway
Product lines
One architecture. Three product lines.
Hosted payloads as a serviceRent a slot, swap anytime: science, Earth observation, sovereign and defense payloads
Space computeFor space-based intelligence and physical AI on Earth
Government space infrastructureForward positioning, rapid deployment, continuity of operations, warehousing, logistics, fuel depots, GEO national security
LEOPreludeApril 2028
Adagio-MiniDec 2028
AdagioQ2 2029
Adagio-XLQ4 2029
GEO
GEOAllegro2030
Cislunar
CislunarNocturne2032+
Business model
Rent orbit, or own it.
SubscribeHosted capacity, priced by kilogram and term
DedicatedOperational control of reserved capacity
White-labelA Symphony-built platform under the customer’s flag
OwnBuy the platform outright; we can still operate it
Recurring revenueContractor-, government- or buyer-owned and operated, from CO-CO to BO-BOLarge contract value up front
Pricing
Demo plan 1-year term
$120K/kg/yr
Standard 3-year term
$90K/kg/yr
Long-term 5-year term
$48K/kg/yr
Orbital compute hosting
$13/kWh
White-label platform
$42.9M/hull
Six revenue streams
Hosting subscriptionsThe recurring core
Orbital compute hostingDedicated 100 kW fleet
Platform salesSovereign and defense buyers
LicensingInterface and subsystem IP
Engineering servicesIntegration and consulting
Brand & mediaAdvertising modules
Who buys, how we sell
First:Department of War, IC, NASA and allied agencies, through OTAs, SAAs and SBIRs
Next:Commercial space, compute, physical AI, servicing and manufacturing
Always:Operations as a service, so no customer needs a mission ops team
Financials
A clear path to scale.
$0.7M
$1.1M
$104M
$5.0B
2027First contracts
2028Prelude flies
2029Adagio in service, EBITDA-positive
203418 platforms, LEO to cislunar
2029First EBITDA-positive year
96%+Annual margin per subscription platform; 67–76% per compute platform
<6 moPayback per subscription platform, from 2029
Company projections from Symphony Space’s 10-year operating model (2025–2034). Revenue shown on a log scale. Secondary engines: bespoke builds, servicing, secure comms, on-platform services.
Traction
$776K signed before flight.
29LOIs and agreements signed
16Hosting agreements
$140MIn deals under negotiation
2028April launch slot secured, Cape Canaveral
2Patents pending on architecture and interface
Defense & government
Space Test Program moving toward our first OTA; contract vehicle in place
Space Force briefed 5×; DARPA, AFRL, Army, Navy, DIU
2 Direct-to-Phase-II SBIRs as prime, 2 as sub
NASA ISS Office and Science Mission Directorate; allied space agencies
Commercial & compute
AWS, Nova Data Centers, Sofia Space; NVIDIA Inception
Orbital Data Center Working Group; Orbital Compute Alliance founding member
Astroscale on orbital logistics and servicing
Science and biotech: SDSI, Mission Space, Apricell, U. Minnesota, MIT
Execution
Interface preliminary design review complete
Prototyping and testing begun; flight software in development
Supply chain and contractors secured
Manufacturing, assembly and test in Northern Virginia
Recognition: Frontier Meets Capital winner, Women Venture Summit; TechCrunch Disrupt finalist; CES Eureka Park; Global Space Awards nominee.
Why us?
The Conductors.
Merry WalkerCo-founder and CEO
Former White House OSTP International S&T Lead. Foreign Service Officer across six assignments on emerging tech and space; contributor to the Artemis Accords; relationships across 60+ governments. Founded Hatch: 7 startups in 4 countries. Patent-holding mechanical engineer.
Nicolas MaubertCo-founder and CTO
25+ years in space systems. Galileo IOV Chief Engineer for design and validation at ESA-ESTEC; CNES Representative to the U.S. with oversight of 97 missions; Launch Manager at Kourou; payload engineer at Alcatel Space.
Dr. Theresa SulowayChief Engineer
Former NIST Chief Engineer; 21 years on satellite and national security systems. PhD, Caltech.
Mariah HarrisSystems Engineer, GNC & Robotics
GNC and flight software for MRV and MEP; 100+ console hours on MEV.
Emma FriedmanChief of Staff
NASA Goddard GEO ground project; NASA Langley and White House communications.
Advisors
Chirag ParikhFormer Executive Secretary, National Space Council
Leslie BeaversFormer Acting CIO, Department of War; 4-star equivalent
Dr. Peter AmaraFormer Deputy Assistant Secretary, Acquisition, U.S. Army
Richard DalbelloFormer Director, Office of Space Commerce
Dr. Lance BushSenior NASA advisor; former ISS lead
The investment case
Five questions, answered.
Why this?
Orbit is missing its infrastructure layer.
Launch got about 10x cheaper, but every mission still builds, launches and operates its own spacecraft, then throws it away. We turn orbit into shared, refreshable infrastructure that customers rent or own.
$4K–$10K per kg per month on Adagio, against $30K–$150K for a dedicated mission
The budget, the doctrine and the technology arrived together.
Defense is funding resilience and Space Mobility & Logistics now. Docking, robotics and transfer vehicles have matured enough to build on, and AI is pushing compute off the grid.
$31B in budgeted demand open today, led by Golden Dome
Adversaries are moving: China’s Shijian-25 appears to have refueled another satellite in GEO in 2025
A CEO who negotiated technology access with foreign governments and served at the White House OSTP, and a CTO who was Chief Engineer for Galileo design and validation and oversaw 97 missions at CNES.
$776K signed, 29 LOIs before a single flight
Space Force briefed 5×; Space Test Program moving toward an OTA
Large, serviceable, uncrewed and multi-orbit. Others offer one or two.
Smallsat hosts are small and can’t be serviced. Crewed stations are slow and expensive. Tugs deliver and leave. Adagio hosts, refreshes and restores payloads for 15 years on one interface.
1,200 kg per platform, against ~50–500 kg for smallsat hosts
Patent-pending interface: every payload built to it raises switching costs