day five
Wave Motion, founded in 2020, has three employees. The Seattle manufacturer is designing and building a proprietary launcher system known as the Jet Gun. The company serves as a prime contractor on Department of Defense contracts. Wave Motion was founded by two graduate students at the University of Washington while still completing their studies, but is not a UW spinoff. Wave Motion ultimately hopes to use the Jet Gun to conduct non-rocket space launch, allowing payloads to be sent to orbit at the same price as air freight( around $ 10 per pound). Wave Motion has achieved millions of dollars in realized and booked revenue in the last two years without venture capital or other institutional investment.
“ We’ ve disrupted the ten-century-old science of ballistics and developed the most compact means of firing a projectile the world has ever seen.”
James Penna,( right) chief operating officer and co-founder of Wave Motion Launch Corporation.