It's a smokescreen for hypersonic missile development. It's a common tactic. I knew someone who worked on a novel satellite surveillance system. Their pitch was that it would allow them to engage in futures trading because the resolution of their satellites would allow unique insights into global trade for certain markets using realtime optical imaging.

The guy was former Lockheed. One night at dinner I told him to cut the BS and that their real goal was to target military/government contracts. He said "off the record" this is correct. This an unspoken goal by everyone involved - management, investors, etc.

My understanding is it can be hard to position yourself as a defense company as a start up if you don't already have a foothold in the space.