AAC Clyde reports sale of 4 Starbuck power systems, plus services, for €1.025m (approx. SEK 11.6 M). Revenue is expected to be recognized in the second quarter of 2025. The customer is unnamed but the satellites are for a “constellation.” The price-per-system suggests this likely is for Starbuck-Mini power systems, as opposed to Starbuck-Nano.
AAC Clyde Space is honoured to join the elite group of lunar exploration companies with equipment on the lunar surface. The #Odysseus lander from @Int_Machines is powered by AAC Clyde Space's STARBUCK PCDU. .
— AAC Clyde Space (@AACClydeSpace) February 23, 2024
📸Intuitive Machines pic.twitter.com/Batjo6ViO5
(Above, a Starbuck power system on Intuitive Machine’s 2024 lunar lander.) This is notable for three reasons:
- AAC Clyde reported SEK 37.2m in Space Products revenue last quarter. So this single sale represents 31% of quarterly revenue for this segment. (And it is about 4% of AAC’s total 2023 revenue.)
- AAC Clyde’s Starbuck-Mini is one of its most used hardware systems for satellites larger than CubeSats. AAC Clyde has touted multiple notable customers including Astroscale and Intuitive Machines. If the “constellation” customer has more satellites coming after these four, this will be great for AAC Clyde.
- AAC Clyde Space appears to be licensing a satellite power system to York Space. 2023 licensing revenue was SEK 30.6m. If AAC Clyde recognizes similar power system licensing revenue in 2025 from York Space, this means power systems alone could provide about 10% of AAC Clyde’s total revenue.