Agile Space Industries Names Jason Wright President as It Expands Its Leadership Structure

Agile Space Industries, a Veteran Ventures Capital Fund II portfolio company and developer of in-space chemical propulsion systems, announced on September 28 that Jason Wright will join the company as President in early October. Wright will oversee daily operations across Agile's locations, and Chris Pearson continues as Chief Executive Officer with responsibility for strategy, technical direction, investor relations and the board.

Wright brings more than 25 years in aerospace propulsion. At Lockheed Martin he was a subject matter expert on monopropellant and bipropellant thrusters and dual-mode propulsion systems, led a propulsion manufacturing center, and ran programs with profit-and-loss responsibility above $100 million, supporting NASA, the U.S. Air Force, Navy and Space Force, DARPA, intelligence agencies and commercial satellite operators.

Agile now employs more than 165 people across Colorado, Pennsylvania, Oklahoma and Washington, building monopropellant and bipropellant engines, tanks, integrated propulsion subsystems and testing services, and the company expects to close 2026 at roughly five times its 2022 revenue. The appointment follows a year in which Agile closed a $17 million Series A in February with Veteran Ventures Capital as the second-largest investor, named Jake Mills Chief Technology Officer and added Mark Pasquale to its board in July, and in August was selected for SpaceWERX's Strategic Funding Increase program and opened its expanded Durango, Colorado headquarters.

VVC's view: a President hire reads as routine and rarely is. Agile has become a company of more than 165 people across four states, with a STRATFI selection and a doubled Durango headquarters behind it, and the operating load that comes with that growth is what Jason Wright's background running a propulsion manufacturing center at Lockheed Martin prepares him for. Splitting the roles lets Chris Pearson concentrate on strategy and capital while Wright runs daily operations. It is the structure we hoped to see at this stage, and it arrives ahead of the production ramp the STRATFI program is meant to fund.

Sources: Agile Space Industries release via SpaceNews.

Image: Agile Space Industries (Jason Wright press image)