Charter Space

Charter is building the unified operating system for space program management.
Los Angeles

About Charter Space

Charter is building the unified operating system for space program management, solving a $44.5B problem and becoming the foundational layer on which the $546B space industry runs, grows, and thrives.

We've built Ubik, a collaborative logistics, requirements, and program management platform to support the development of spacecraft and complex systems. Ubik minimizes engineering hours being wasted on manual admin by 60% by enabling teams to track tasks, communications, and deliverables more effectively with minimal translation effort. Ubik has full traceability, version control, and enterprise security. It has built in configuration management, automated requirements verification, and vendor communications management.

Ubik allows engineering teams to get back to engineering, managers to coordinate information and organize artifacts, and executives to accurately track and report key metrics at a glance.

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Problem statement

Even as the hardware side of space activity gets cheaper and easier, capitalizing on these advancements has remained difficult because of friction in logistics and operations processes, forming a bottleneck that's resulted in the relative difficulty (and corresponding cost) of managing a space mission's operational and logistical elements now eclipsing the difficulty of actually constructing spacecraft. So much of the space industry runs on analog processes and excel that engineering teams are left with long timelines and endless back-and-forths with suppliers, with a lot of avoidable mistakes and wasted time incurred because of inefficiency.

60% of engineering hours in the industry are wasted because of this inefficiency, resulting in thousands of hours and millions of dollars wasted per mission. This loss of productivity, the cost incurred by delays, and the big-ticket losses of missions failing have led to an annual $44.5B drain across the entire space industry.

That drain is what Charter is here to solve.

Traction information

- In closed beta with select companies and the NASA Jet Propulsion Lab. 70+ companies waitlisted;
- Graduated the Techstars Space Accelerator in 2022;
- $140K ARR under contracting and converting in Q4. $545K ARR in LOIs. Another $1.5M in qualified leads likely to convert in next 12 months. Total pipeline worth $16.7M ARR;
- Letters of support from NASA JPL and the Department of the US Air Force Digital Transformation Office;
- Development partners include NASA JPL, the UK Space Agency, and AWS, with MOUs signed with Leaf Space, RBC Signals, Prewitt Ridge, and Digantara;
- Recruited rockstar team, including a 2x exited aerospace founder, hailing from Microsoft, Meta, Google, Northrop Grumman, NASA JPL, Credit Suisse, Capgemini, and IBM.

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Funding

Not raising capital right now

$3,300,000
committed
$3,000,000
goal
Total raised to date:$1,250,000