# US Space Force

US Space Force is a Pension Fund based in Washington, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Washington, United States
- **Region:** North America
- **Address:** The Pentagon, Washington, DC, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** spaceforce.mil

## Regulatory record

- **Reports private funds:** No

## About

The U.S. Space Force is an investment firm that has made one investment, deploying $2 million in total capital.

## Sectors

- SpaceTech
- Cybersecurity
- AI/ML
- Industrial Tech
- Robotics & Automation

## Offices

- Peterson Space Force Base, Colorado Springs, CO
- Los Angeles Air Force Base, El Segundo, CA
- Patrick Space Force Base, Brevard County, FL

## People

- Gen. B. Chance Saltzman — Chief of Space Operations
- Frank Calvelli — Assistant Secretary of the Air Force for Space Acquisition and Integration

## Questions

### Who runs investment and acquisition decisions at the US Space Force?

The Chief of Space Operations, Gen. B. Chance Saltzman, directs strategy and requirements, but acquisition authority is distributed across multiple commands. Frank Calvelli, as Assistant Secretary of the Air Force for Space Acquisition and Integration, oversees major program execution and contracting integrity. The Space Systems Command in Los Angeles manages the bulk of procurement, while the Space Development Agency, led by Derek Tournear, operates with independent acquisition authority to field proliferated low-Earth orbit constellations on faster timelines.

### How does the Space Force source technology and startups?

The Space Force runs SpaceWERX, an innovation arm that awards Small Business Innovation Research and Small Business Technology Transfer contracts to early-stage companies, often through open-topic solicitations. The Space Development Agency also issues broad agency announcements and other transaction authority agreements that bypass traditional defense procurement regulations, letting startups compete directly for prototyping and production contracts on compressed timelines measured in months rather than years.

### Is the Space Force a direct investor or more like a grantmaker?

The Space Force is a procurement entity, not an investment firm. It awards contracts, cooperative agreements, and other transaction authorities — not equity. However, its SpaceWERX unit functions as a seed-stage allocator of non-dilutive federal funding to dual-use startups, and its acquisition commands offer revenue-scale contracts that can anchor a private company's balance sheet before venture rounds.

### What is the Proliferated Warfighter Space Architecture?

The Proliferated Warfighter Space Architecture is the Space Development Agency's backbone satellite mesh, built in tranches of hundreds of small satellites in low Earth orbit. Tranche 0 launched demonstrator satellites in 2023, Tranche 1 is in production with suppliers including Lockheed Martin, L3Harris, and York Space Systems, and Tranche 2 is in planning. The architecture layers a data-relay transport mesh, a missile-tracking sensor constellation, and experimental payloads into a networked military grid.

### Does the Space Force co-invest alongside venture capital?

No, the Space Force does not take equity or make LP commitments to venture funds. It does, however, align closely with VC-backed space startups through SpaceWERX and the Space Development Agency, frequently serving as the first major government customer for startups that later raise institutional venture rounds from firms like Founders Fund, Lux Capital, or Andreessen Horowitz.

### Which sectors does the Space Force explicitly avoid?

The Space Force procurement system does not avoid sectors by label, but it does not fund direct-to-consumer, civilian-only, or exclusively foreign commercial projects. Its mandate restricts it to technologies with dual-use or defense-primary applications: satellite buses, sensors, secure communications, launch, space domain awareness, and related cybersecurity and AI/ML mission systems.

### How is the Space Force related to the US Air Force?

The Department of the Air Force oversees both the US Air Force and the US Space Force, in a model parallel to how the Department of the Navy oversees both the Navy and the Marine Corps. The Space Force inherited roughly 16,000 personnel and the bulk of Air Force Space Command's mission upon activation in 2019, but now operates with its own service secretary, chief, training pipelines, and acquisition ecosystem.

## Related profiles

- [Essor](https://altss.com/profile/essor)
- [UST Global](https://altss.com/profile/ust-global-inc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/us-space-force

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology