Washington, D.C. - The Export-Import of the United States (EXIM) has approved a direct loan to CesiumAstro Inc. in support of an expansion project that will generate approximately 400 good-paying American jobs. The $185 million financing includes the purchase of an existing facility, building improvements and procurement of equipment.
The project is the latest approval under EXIM's Make More in America Initiative (MMIA), designed to revitalize U.S. manufacturing and secure critical supply chains.

"This financing shows that American leadership in space and advanced manufacturing is accelerating at exactly the moment global competition is intensifying," said EXIM Chairman John Jovanovic. "By supporting CesiumAstro's expansion, EXIM is strengthening our nation's industrial base, securing the technologies that underpin next-generation communications, and ensuring these critical capabilities are built here in the United States. This action reflects President Trump's commitment to revitalizing American manufacturing, enhancing supply chain security, and reinforcing U.S. competitiveness in transformational industries."

The Austin, Texas-based small business is a domestic manufacturer specializing in producing satellite payloads and terminals for advanced and secure communication systems.

This is the ninth project approved under MMIA-an initiative driving the growth and security of critical domestic supply chains. This project demonstrates EXIM's commitment to being a frontline economic tool to revitalize American industry, strengthen our supply chains, and ensure American workers and exporters can compete around the world.

"This investment marks a defining moment for CesiumAstro and for America's space and defense industrial base," said Shey Sabripour, Founder and CEO of CesiumAstro. "As a non-traditional defense contractor, we're scaling domestic production at unprecedented speed, creating high-quality American jobs and proving that commercial innovation can deliver at national scale."

"CesiumAstro's investment in Texas helps further position our state as a global hub for the aerospace, aviation and defense industry," said Texas Governor Greg Abbott. "I congratulate CesiumAstro on this significant expansion in the Austin area which will create hundreds of new, high-tech jobs for hardworking Texans. Partnering with industry leaders like CesiumAstro, Texas will continue to set the pace for innovation, technology, and advanced manufacturing in America."

"This transaction sets a new benchmark for how federal financing tools and private-sector capital can work together to reshore manufacturing, create American jobs and strengthen U.S. leadership in strategically vital industries. This investment directly aligns with the firm's $1.5 trillion Security and Resiliency Initiative, which aims to facilitate, finance, and invest in industries critical to national economic security and resiliency," said Liam Sargent, Head of Securitized Products Group and Tax Oriented Investments, J.P. Morgan.

ABOUT EXIM:

As the United States government's official export credit agency, the Export-Import Bank of the United States (EXIM) supports American jobs by facilitating U.S. exports. As an independent agency, EXIM plays a critical role in supporting economic growth, securing critical supply chains, and ensuring American businesses are given a fighting chance. To achieve this mission, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. Learn more at https://www.exim.gov.