BY GRACE DICKENS
Recent investments
What’s next?
Zooming out
Trousdale Ventures and other global investors: $270M
The goal is for CesiumAstro to begin operations at its new site in 2027, Ken Smith said. “They’re going to have 500 very well-paying executive jobs; that’s great for property values,” King said. Following the settlement agreement announcement, Marzean said she hopes to see her neighborhood “get back to normal.” “I guess I would say we’re cautiously optimistic,” Marzean said. The settlement agreement was signed by all parties except Wheelock as of press time Feb. 17, according to the city, and failure to sign by the initial Feb. 23 court date will result in the case going to court as scheduled. Former City Manager Clint Garza was dropped as a defendant in the lawsuit Jan. 21 after signing a cooperation agreement with the city. 2024 August: Bee Cave les lawsuit against warehouse developers 2025 August: initial court hearing date; eventually postponed to Feb. 23 2026 Jan. 5: settlement agreement reached between city of Bee Cave and warehouse developers; CesiumAstro expansion announced 2027 CesiumAstro begins operations at former warehouse site
In the time following the announcement, CesiumAstro has garnered $470 million in recent investments from entities like J.P. Morgan, Trous- dale Ventures and other global investors like Airbus Ventures and Toyota’s Woven Capital. Gov. Greg Abbott also extended congratulations to CesiumAstro for moving its global headquarters to Bee Cave on Jan. 13, according to a news release. “CesiumAstro’s investment in Texas helps further position our state as a global hub for the aerospace, aviation and defense industry,” Abbott said in the news release. In addition to its recent investment gains, CesiumAstro landed a $10 million investment from the Texas Space Commission last May for a
Export-Import Bank of the United States, J.P. Morgan: $200M
$480M
Texas Space Commission: $10M
SOURCE: CESIUMASTRO, TEXAS SPACE COMMISSION COMMUNITY IMPACT
headquarters expansion. “This momentum re ects the broader strength of space technology investment across Texas, which continues to attract global attention,” said Andres Ramos, Texas Space Commission’s director of communications.
About the technology
communication technologies with the use of active phased arrays. The technology itself—ranging from communication payload systems to software components—goes into developing satellites that are about the size of a refrigerator, Ken Smith said.
Dreamed up in a Hill Country Galleria co ee shop, CesiumAstro launched in 2017 with “big ambitions but a small amount of money,” Ken Smith said. Since then, the company has grown to a work- force of about 200, developing e cient space
SOURCE: CITY OF BEE CAVE, CESIUMASTRO COMMUNITY IMPACT
The facility is focused on assembly and light machining, Ken Smith said.
COURTESY CESIUMASTRO
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