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Home / Business

Dawn Aerospace sells its first Aurora spaceplane – what the US buyer paid

Chris Keall
By Chris Keall
Technology Editor/Senior Business Writer·NZ Herald·
12 Jun, 2025 08:30 PM4 mins to read

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On November 12 last year, Dawn Aerospace's Mk II Aurora beccame the first Kiwi designed and made aircraft to break the sound barrier - and the first civilian aircraft since the Concorde to go supersonic. Video / Dawn Aerospace

Just a month after opening sales, Dawn Aerospace has made the first sale of its Aurora spaceplane.

The buyer is the Oklahoma Space Industry Development Authority – a state government-owned agency that operates a runway and aerospace innovation hub.

The Oklahoma agency paid a total US$17m ($27.6m), covering the spaceplane, ground support and maintenance.

From left: Dr George Nield (chairman, Global Spaceport Alliance), Jim Bridenstine (managing partner of the Artemis Group and former NASA Administrator), Stefan Powell (CEO, Dawn Aerospace, holding a scale model of the Aurora), and Khaki Rodway (spaceplane sales & operations director, USA, Dawn Aerospace) at the Space Symposium 2025 in Colorado Springs. Photo / Supplied
From left: Dr George Nield (chairman, Global Spaceport Alliance), Jim Bridenstine (managing partner of the Artemis Group and former NASA Administrator), Stefan Powell (CEO, Dawn Aerospace, holding a scale model of the Aurora), and Khaki Rodway (spaceplane sales & operations director, USA, Dawn Aerospace) at the Space Symposium 2025 in Colorado Springs. Photo / Supplied

Under the terms of the Oklahoma agreement, Dawn will supply the aircraft, ground control station and an operations team. Flights on Aurora are expected to cost, on average, ”low hundreds of thousands of dollars" per flight, Dawn Aerospace chief executive Stefan Powell told the Herald.

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Dawn Aerospace staff including CEO Stefan Powell (front left) and remote test pilot Iagho Amaral (front right) at the firm's Christchurch R&D and testing plant with the Mk-II Aurora spaceplane demonstrator. Photo / Chris Keall
Dawn Aerospace staff including CEO Stefan Powell (front left) and remote test pilot Iagho Amaral (front right) at the firm's Christchurch R&D and testing plant with the Mk-II Aurora spaceplane demonstrator. Photo / Chris Keall

The first mission from Oklahoma will involve micro-gravity experiments. The Aurora can reach an altitude of 100km – the Karman line or edge of space – and achieve three minutes of micro-gravity per flight.

“We didn’t originally anticipate selling the Aurora spaceplane. It was a tech demonstrator,” Powell told the Herald.

“But it got a lot more attention than we originally thought.”

There’s no immediate word of other deals but Powell says Dawn is fielding a lot of interest.

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Concorde > Dawn

Late last year, the Aurora became the first civil aircraft to fly at supersonic speed since the Concorde – even if the autonomous spaceplane is a fraction of the size.

The Aurora surpassed the speed of sound for the first time on November 12, reaching Mach 1.1 as it climbed to an altitude of 82,500 feet (more than twice as high as the cruising altitude of a commercial airliner) after taking off from Glentanner Aerodrome near the base of Aoraki Mt Cook.

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Members of the Dawn Aerospace team with the Mk II Aurora at Glentanner Aerodrome near the base of Aoraki Mt Cook.
Members of the Dawn Aerospace team with the Mk II Aurora at Glentanner Aerodrome near the base of Aoraki Mt Cook.

Dawn Aerospace was founded in 2017. Its three largest shareholders are Auckland-based Icehouse Ventures, Wellington-based venture capital firm Movac and Christchurch brothers Stefan and James Powell (who serves as chief financial officer).

Derek Handley’s Aera Climate & Frontier Fund and Global From Day One (GD1) were also early backers.

The firm also has minority investors in the Netherlands, with its 130 operational staff split between the two countries. There’s also a sales office in the US.

Growing satellite propulsion business

The Aurora tends to grab the headlines, but Dawn also has a second side to its business, selling propulsion systems for satellites – including those used by Lynk, a putative rival to Elon Musk’s Starlink that has deals with both Spark and One NZ for future supply of satellite broadband.

Dawn systems now power 26 satellites, Powell says, with another nine close to launch.

Dawn Aerospace was founded in 2017 by Christchurch brothers James Powell (ex-Airwork, left) and Stefan Powell (ex-Rocket Lab, right), along with Jeroen Wink (from the Netherlands), Tobias Knop and Robert Werner (both of Germany). Photo / Getty Images
Dawn Aerospace was founded in 2017 by Christchurch brothers James Powell (ex-Airwork, left) and Stefan Powell (ex-Rocket Lab, right), along with Jeroen Wink (from the Netherlands), Tobias Knop and Robert Werner (both of Germany). Photo / Getty Images

The current Aurora is the Mark II. Dawn Aerospace plans larger, higher-altitude and bigger-payload models over the next few years.

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Oklahoma sees immediate applications for the Mark II.

“The next industrial revolution is happening in space, and the scientific research and commercialisation opportunities that exist in microgravity are transformational.

“Operating Dawn’s Aurora spaceplane at the Oklahoma Air and Space Port will both reduce costs and increase access to microgravity throughout the space industry,” said Jim Bridenstine, managing partner of the Artemis Group and former Nasa administrator.

Dawn Aerospace propulsion systems now power 26 satellites, with another nine close to launch.
Dawn Aerospace propulsion systems now power 26 satellites, with another nine close to launch.

“This important partnership positions the state of Oklahoma at the centre of American space innovation.”

Microgravity research is critical because it allows scientists to study physical and biological processes in ways that are impossible on Earth, the companies said.

In a weightless environment, fundamental forces like convection and gravity-driven fluid motion disappear, providing new insights into material science and biomedical research.

Frequent and low-cost access to microgravity will significantly accelerate discoveries, with potential breakthroughs in areas such as cancer and liver disease drug development, and advanced materials research.

Aurora Spaceplane – Key Specifications

  • Maximum altitude: 100km (328,000 ft)
  • Top speed: Mach 3.5 (3650km/h)
  • Turnaround time: <4 hours (enabling multiple daily flights from standard runways)
  • Payload capacity: Up to 10kg
  • Propulsion system: Bi-propellant rocket engine
  • Microgravity duration: Up to 3 minutes
  • Trajectory: Customisable
  • Maximum Range: 130km

Chris Keall is an Auckland-based member of the Herald’s business team. He joined the Herald in 2018 and is the technology editor and a senior business writer.

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