Valiant Space Pty Ltd and Valiant Space Trading Pty Ltd - Voluntary Administration

Valiant Space Pty Ltd and Valiant Space Trading Pty Ltd, a Brisbane start-up company, entered voluntary administration on 2 June, with Michael Hogan of HoganSprowles appointed administrator.

The company, which makes space rocket thrusters, was founded by Andrew Uscinski, Michael Douw and Benjamin Dodd, who met when they were students at the University of Queensland.

Valiant made headlines in late 2022 when it was selected by Elon Musk's SpaceX to be sent into orbit to help the company launch small satellites into space.

In 2024, it was reported that Valiant’s first propulsion system was officially orbiting in space, having flown there on a SpaceX Falcon 9 for the purpose of performing numerous orbit changing manoeuvres for a mission headed by Space Machines Company.

The reasons behind the administrator’s appointment have yet to be revealed.