Aspect Aerospace Secures $2.4 Million In New Funding

Aspect Aerospace, a University of South Alabama spinoff based in Mobile, has secured $2.4 million in new funding, including a $1.9-million U.S. Space Force Small Business Innovation Research award, to develop circuit board-sized satellites designed to operate in very low Earth orbit. The company is an alum of gBETA Gulf Coast and hosted by Mobile’s Innovation Portal, where it refined its commercial and growth strategy. Aspect says the technology allows up to 100 ultrasmall satellites to be deployed from a single host spacecraft to deliver high-resolution space weather data at a fraction of the cost of traditional missions. Founder and CEO Drew Russ is targeting early 2027 for on orbit deployment following prior validation work with the National Aeronautics and Space Administration and U.S. Naval Research Lab.