Meet the private space company building satellites—cheaper, faster, and better

Once upon a time, San Francisco was a manufacturing town. For decades, the Union Iron Works built ships—such as the U.S. Navy’s U.S.S. Oregon (1893) and U.S.S. Wisconsin (1898)—in its plant on Pier 70 in the neighborhood now known as Dogpatch. In recent years, that sprawling, long-abandoned complex has been rehabbed and filled with office space, housing, retail, and art studios. Among its tenants are startup accelerator Y Combinator and HR platform Gusto, neither of which has much in common with the Union Iron Works.

And then there’s Astranis. The company is returning Pier 70 to its roots by applying human labor to turn raw materials into finished products. The products in question happen to be high-orbit satellites. Astranis has sent five of them into space, is currently building five mo