WASHINGTON — The Pentagon’s Office of Strategic Capital (OSC) is moving forward with plans to develop new financing tools, including a loan program aimed at supporting critical technologies in the United States, including technologies that support space launch, satellite manufacturing and space-based services.
The OSC issued requests for information On July 24th, looking for public contribution as it prepares to issue loans and loan guarantees for critical components of the supply chain and technology. The move is aimed at attracting and expanding private capital for national security purposes. One RFI is for lenders and financial institutions and another is for businesses and industry associations.
The office is particularly interested in responses from companies and lenders working in 31 component areas identified as promising critical technologies and assets in the Fiscal Year 2024 National Defense Authorization Act (NDAA). These areas include space launches, spacecraft, and space-enabled services and equipment.
Established in December 2022The OSC was formally codified in the 2024 NDAA, which gave the Department of Defense the authority to issue loans and loan guarantees. The office aims to leverage U.S. capital markets to increase private investment in technologies vital to DoD needs, including those that may not attract sufficient private financing through traditional acquisition methods.
The Department of Defense has requested $144 million for the OSC for fiscal year 2025. The public comment period ends Oct. 22.
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