A rendering of Terran Orbital's Capstone satellite by the moon.
Courtesy of Terran Orbital

Not a lot of people paid attention on Nov. 13, 2022, when the microwave-oven-size Capstone spacecraft began orbiting the moon. But they should have: astronauts will follow Capstone’s lead. Built by Terran Orbital, Capstone in May completed one of its primary missions: operating for six months in a novel, highly elliptical orbit that NASA’s Gateway lunar space station will fly when it is launched at the end of 2024. A pioneer in the field of small satellites, Terran has established a robotic assembly facility that dramatically slashes production timelines. “By the end of next year,” says Marc Bell, co-founder and CEO, “you can order a satellite on the first of the month and we can deliver it to you on the 30th.” And the company hopes to prevent orbital litter: its earth-­orbiting satellites are designed to re-enter the atmosphere and vaporize at the end of their useful lives.

A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders. Join the Leadership Brief.

More Must-Reads from TIME

Write to Jeffrey Kluger at jeffrey.kluger@time.com.

Rob Manfred, Major League Baseball Commissioner, on April 28, 2022 at Citi Field in Queens, New York.
Major League Baseball
Kim Kardashian, founder of SKIMS, photographed on April 25 in New York City.
Kim Kardashian Loves Your Body
Lars Fruergaard Jorgensen, chief executive officer of Novo Nordisk A/S, poses for a photograph at the company's headquarter offices in Copenhagen, Denmark, on Friday, Aug. 31, 2018.
Novo Nordisk
SeungKyu (Sean) Yoon, President and CEO at Kia North America and Kia America, speaks at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023.
Kia America
Apple
EDIT POST