Lockheed Martin's Bold Move: Investing in Commercial Space and the Moon

Lockheed Martin has announced a new commercial venture called Crescent Space Services, which will offer a communications and navigation network around the Moon called Parsec. The network will initially have two satellites, launching as a rideshare in 2025, in orbit around the Moon to provide a continuous connection between Earth and areas on the Moon, including the South Pole. Lockheed will seek to sell its communications services to the dozens of commercial companies planning to send spacecraft to the Moon this decade. Crescent has a larger vision to provide services beyond communications and navigation.