Masten House Methods started the method of submitting for chapter on Thursday, telling a Delaware court docket that it owed thousands and thousands in liabilities to corporations together with SpaceX, Astrobotic, NuSpace and others.
Masten House, a startup based in 2004, had ambitions to ship a lander to the Moon as early as subsequent yr. The corporate was chosen by NASA below the company’s Business Lunar Payload Companies program to ship eight payloads to the lunar floor. That contract was for $75.9 million. The company additionally tapped Masten for a separate lunar mission to gather moon-based useful resource for return to Earth.
Extra just lately, the corporate mentioned it was creating a GPS-like navigation system for the Moon, a part of a contract awarded by way of the Air Pressure Analysis Laboratory’s AFWERX program.
In line with the Chapter 11 chapter safety submitting, Masten estimated that it had between 50-99 collectors, between $10 million-$50 million in property, and between $10 million-$50 million in liabilities. The Chapter 11 request was signed by David Masten, President and CTO of the corporate. The submitting breaks down the precise quantity Masten owes its collectors: the most important quantity to SpaceX, for $4.6 million; $2.7 million to Psionic; $2.7 to Astrobotic; and $1.6 to NuSpace. An extra 16 collectors are listed on the appliance.
The corporate might be promoting its launch credit score with SpaceX (SpaceX was chosen to ship Masten’s XL-1 lander to the Moon) to Intuitive Machines, one in every of its opponents.
TechCrunch has reached out to Masten House for remark and can replace the story if it responds. The submitting was made within the Delaware Chapter Court docket, case quantity 22-10657.