Receive a binding, milestone-based agreement for a paid future flight

To lock in our future pipeline and also provide a low-risk method for our customers to secure future flights, we developed a memoranda of understanding with terms committing to a future flight. These terms are binding and contingent on us performing a successful re-entry mission in advance of the terms becoming binding.\r\n\r\nWe received our first signed agreement of this form from a well established Space Pharmaceutical company. This agreement generates $20k per kilogram for no less than 24 kilograms of payload for a $480k value.