Astrotech Corporation Submits Proposal to NASA's Commercial Lunar Payload Services 2 Program

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Proposal seeks approximately $20 million in non-dilutive NASA funding for Phase 1 lunar technology demonstrations and if approved, would support Astrotech's long-term lunar strategy. AUSTIN, Texas, June 30, 2026 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) ("Astrotech" or the "Company"), a science and technology company with prior deep operational spaceflight heritage, today announced that it has submitted a proposal to NASA under the agency's Commercial Lunar Payload Services 2 ("CLPS2") program. Astrotech's Phase 1 proposal seeks approximately $20 million in non-dilutive NASA funding to support the initial stage of a proposed lunar technology demonstration program. The Company estimates that it would seek additional NASA funding from the CLPS2 program for this initiative if fully implemented and authorized by NASA. CLPS2 is structured as a multiple-award procurement program for commercial payload delivery and related mission services, with a reported budget for all awarded contracts of up to $10 billion. Astrotech's proposal submission for technology demonstrations represents an important step in the Company's strategy to participate in the emerging commercial lunar infrastructure market and support future operations on the Moon. Astrotech's CLPS2 proposal is part of the Company's broader lunar resources and infrastructure initiative, which is focused on evaluating and developing technologies and partnerships that could support lunar resource extraction, materials processing, autonomous industrial operations, oxygen production, silicon-28 ("Si-28") production, platinum group metals recovery, quantum wafer manufacturing, AI-enabled process control, a lunar commercial communications hub, solar-electric power generation, potential future nuclear power generation, and other advanced manufacturing applications that may benefit from the Moon's unique operating environment, including ultra-high vacuum conditions. "Submitting this CLPS2 proposal formally introduces Astrotech's vision for a lunar industrial economy and marks the return to the Company's prior spaceflight heritage," said Thomas B. Pickens III, Chairman, Chief Executive Officer and Chief Technology Officer of Astrotech Corporation. "Astrotech previously identified what it believes to be significant long-term commercial value on the Moon, but the transportation infrastructure required to...

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