SpaceX acquires Akoustis, satellite component manufacturer, out of bankruptcy

SpaceX completed its acquisition of specialty radio frequency filter manufacturer Akoustis this month, a rare move for the company that could streamline its satellite production.

The deal, closed last week, gives SpaceX control over all of Akoustis’ assets, including its wholly owned subsidiary companies and intellectual property, for $30.2 million.

Additionally, the deal provides SpaceX with a 125,000-square-foot manufacturing facility.

The RF filters, which enhance signal processing and guarantee that devices operate on authorized frequencies, are essential parts for SpaceX’s Starlink satellites. With the acquisition completed, SpaceX can manufacture most, if not all, of its RF filters in-house.

The purchase saves Akoustis from bankruptcy following a Chapter 11 filing in late 2024. The company owed millions to rival manufacturing firm Qorvo after losing a 2021 patent infringement lawsuit.

“We are pleased to close this strategic transaction, which will maximize value for our creditors and preserve the vast majority of our employees’ jobs,” Akoustis’ Finance Transformation Officer Mark Podgainy said. “We are grateful to our loyal customers, suppliers and employees who have stood with us through this process.”

Before starting on its path to bankruptcy, however, Akoustis was involved in a Defense Advanced Research Projects Agency program, under the Department of Defense, developing and building RF filters for military satellites. 

Akoustis’ expertise in RF filters likely led SpaceX to save it from bankruptcy through acquisition, something the company seldom does. SpaceX’s last acquisition was Pioneer Aerospace in 2023. SpaceX snagged Pioneer from bankruptcy as well for just over $2 million.