PTC's Onshape Selected by Reditus Space to Accelerate Development of Reusable Orbital Reentry Capsule

Rhea-AI Summary

PTC (NASDAQ: PTC) announced that Reditus Space selected the cloud-native Onshape CAD and PDM platform to accelerate development of its reusable orbital reentry capsule, ENOS Mk1.

Reditus moved from the Onshape Startup Program to Onshape Government to support ITAR/EAR compliance and scale collaboration. ENOS Mk1 is scheduled to launch in July 2026 on a SpaceX Falcon 9 rideshare, will carry commercial payloads in low Earth orbit for ~eight weeks, then return for recovery and reuse.

News Market Reaction

-3.38%

1 alert

-3.38% News Effect

On the day this news was published, PTC declined 3.38%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Current share price: $166.75 52-week high: $219.69 52-week low: $133.38 +3 more

6 metrics

Current share price $166.75 Pre-news trading level

52-week high $219.69 52-week range upper bound

52-week low $133.38 52-week range lower bound

Today’s volume 1,065,510 shares vs 20-day average 774,426 shares

ENOS Mk1 launch July 2026 Scheduled orbital mission timing

Mission duration Approximately eight weeks Orbital phase before reentry and recovery

Market Reality Check

Price: $161.32 Vol: Volume 1,065,510 vs 20-da...

normal vol

$161.32 Last Close

Volume Volume 1,065,510 vs 20-day average 774,426 (relative volume 1.38x) ahead of this announcement. normal

Technical Shares at 166.75, trading below the 200-day MA of 183.28, indicating a weaker intermediate trend pre-news.

Peers on Argus

PTC slipped -0.08% with higher volume. Peers TYL (-1.02%), ZM (-0.86%), GWRE (-4...

PTC slipped -0.08% with higher volume. Peers TYL (-1.02%), ZM (-0.86%), GWRE (-4.22%), and HUBS (-5.2%) were broadly negative, while SSNC was roughly flat/up (+0.06%). Scanner data shows no coordinated sector momentum, suggesting a stock-specific backdrop.

Historical Context

5 past events · Latest: Jan 15 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	AI ALM release	Positive	+0.2%	New Codebeamer and AI tools to strengthen regulated software ALM.
Jan 14	Earnings date set	Neutral	+0.2%	Announcement of fiscal Q1'26 earnings release and call timing.
Jan 06	AI retail PLM	Positive	+1.1%	AI-powered FlexPLM features for automated retail product development.
Dec 18	Lifecycle showcase	Positive	+0.3%	CES 2026 demo with Lamborghini highlighting Intelligent Product Lifecycle.
Dec 16	GovCloud expansion	Positive	-0.5%	Onshape Government–Arena GovCloud link for regulated U.S. agencies.

Pattern Detected

Recent product- and AI-focused news has typically seen modestly positive price reactions, with one notable divergence on a regulated-industries cloud announcement.

Recent Company History

Over the past months, PTC highlighted multiple steps in its Intelligent Product Lifecycle and AI strategy. On Dec 16, 2025, it extended Onshape Government and Arena GovCloud to regulated industries, which drew a -0.45% reaction. Later AI and lifecycle announcements on Dec 18, Jan 6, and Jan 15 saw small positive moves between 0.22% and 1.1%. Today’s Reditus Space collaboration ties directly into the same cloud-native, regulated-industry Onshape theme.

Market Pulse Summary

This announcement highlights broader adoption of PTC’s cloud-native Onshape platform in regulated ae...

Analysis

This announcement highlights broader adoption of PTC’s cloud-native Onshape platform in regulated aerospace, extending themes from the Dec 16, 2025 Onshape Government update. The ENOS Mk1 mission, targeting launch in July 2026, underscores usage in complex, ITAR- and EAR-governed projects. Investors may watch for follow-on wins in government and defense, evidence of cross-sell into PTC’s wider portfolio, and concrete disclosures on revenue contribution in upcoming earnings.

Key Terms

itar, ear, microgravity, low earth orbit

4 terms

itar regulatory

"transitioned to Onshape Government to help meet ITAR and EAR requirements"

ITAR is a set of U.S. rules that control the export, import and sharing of military items, technologies and related technical data. For investors it matters because companies that make or handle controlled defense products can face strict licensing requirements, export bans, heavy fines, or lost contracts if they fail to comply—similar to a traffic cop that can stop or reroute a shipment, which can affect revenue, supply chains and company value.

ear regulatory

"transitioned to Onshape Government to help meet ITAR and EAR requirements"

The Export Administration Regulations (EAR) are U.S. government rules that control the export and re‑export of certain goods, software and technology to foreign countries, companies or individuals. Investors care because EAR compliance can affect a company’s ability to sell products abroad, access foreign suppliers, and avoid fines or bans — like traffic rules for trade that, if broken, can shut down routes to customers and materially change revenue and risk.

microgravity technical

"focused on providing sustainable and scalable microgravity access as a service"

Microgravity is a condition where objects experience almost no net weight because they are in continuous free-fall, such as aboard orbiting spacecraft; think of passengers feeling weightless in a smoothly falling elevator. For investors, microgravity matters because it enables scientific experiments and manufacturing processes that behave very differently than on Earth, potentially creating novel drugs, materials, or technologies, changing development timelines, costs, market opportunities and regulatory considerations.

low earth orbit technical

"will deploy a reusable spacecraft into low Earth orbit, host commercial payloads"

Low Earth orbit (LEO) is the region of space close to Earth, roughly from about 160 to 2,000 kilometers above the surface, where satellites and spacecraft circle the planet quickly—think of it as a busy highway just overhead. It matters to investors because many communications, imaging and data services rely on satellites in LEO; their shorter lifespans, lower launch costs, crowded lanes and debris risks directly affect the cost, revenue potential and operational risks of companies that build, launch or use these satellites.

AI-generated analysis. Not financial advice.

• Transitioning from Onshape Startup Program to Onshape Government to support ITAR-compliant collaboration at scale
• Accelerating development of the fastest-ever produced orbital reentry capsule, scheduled to launch in July 2026
• Enabling rapid iteration, secure collaboration, and regulatory readiness with the Onshape cloud-native CAD and PDM platform

BOSTON, Jan. 20, 2026 /PRNewswire/ -- PTC (NASDAQ: PTC) today announced that Reditus Space, a manufacturing company focused on providing sustainable and scalable microgravity access as a service, has selected PTC's cloud-native Onshape^® computer-aided design (CAD) and product data management (PDM) platform to support the development of its reusable spacecraft and all supporting hardware.

Initially introduced to PTC through the Onshape Startup Program, Reditus used Onshape to move rapidly from early concepts to flight-ready designs. As the company prepares for its first full orbital mission, ENOS Mk1, it transitioned to Onshape Government to help meet ITAR and EAR requirements without sacrificing speed. The ENOS Mk1 mission, launching aboard a SpaceX Falcon 9 rideshare, will deploy a reusable spacecraft into low Earth orbit, host commercial payloads, orbit for approximately eight weeks, and then return safely to Earth for recovery and reuse.

"Onshape lets us move fast," said Will Sherman, CTO and Co-Founder of Reditus Space. "From our first day in the Startup Program, we had full access to professional-grade CAD and PDM tools without the friction of license management or IT overhead so our teams could scale confidently with the compliance and control we needed."

"Reditus Space is transforming how aerospace teams approach orbital logistics and manufacturing," said David Katzman, EVP and General Manager of Onshape and Arena, PTC. "Their ability to go from concept to launch-ready hardware with exceptional speed reflects the strategic advantage of cloud-native tools. With Onshape, they've gained the flexibility to collaborate securely, iterate rapidly, and meet regulatory standards, all within a single platform built for the pace of modern aerospace innovation."

As aerospace and defense teams face unprecedented demand, pressure to innovate faster, and strict security and mission-readiness requirements, cloud-native platforms like Onshape are becoming essential. By unifying design, data, and collaboration in real time, Onshape helps both emerging space companies and established defense contractors move with greater speed, confidence, and control.

With Onshape and the rest of its portfolio, PTC is delivering on its vision for the Intelligent Product Lifecycle: enabling manufacturers and product companies to build a product data foundation in engineering and extend the value of that data across their enterprise. A product data foundation enables companies like Reditus to accelerate AI-driven transformation across their organization. Broader use of product data enables companies to bring higher quality products to market faster, better manage product complexity, meet regulatory and compliance standards, and much more.

To learn more about Onshape, the industry's first cloud-native CAD and PDM platform, visit https://www.onshape.com.

About Reditus
Reditus Space is building the world's first reusable satellites to facilitate efficient return from orbit. The company is headquartered in Atlanta, GA, where it builds full-scale orbital reentry systems to achieve microgravity research & defense goals.

About PTC
PTC (NASDAQ: PTC) is a global software company enabling manufacturers and product companies to digitally transform how they design, manufacture, and service products. Headquartered in Boston, Massachusetts, PTC employs over 7,000 people and supports more than 30,000 customers globally. For more information, visit https://www.ptc.com.

Media Contact
Greg Payne
gpayne@ptc.com

Investor Contact
Matt Shimao
mshimao@ptc.com

PTC, Onshape, Arena, and the PTC logo are trademarks or registered trademarks of PTC Inc. and its subsidiaries in the United States and other countries.

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SOURCE PTC Inc.

FAQ

What did PTC announce about Reditus Space and Onshape (PTC)?

PTC said Reditus Space selected Onshape and moved from the Startup Program to Onshape Government to support ITAR/EAR-compliant collaboration.

When is Reditus Space's ENOS Mk1 mission scheduled to launch and on what vehicle?

ENOS Mk1 is scheduled to launch in July 2026 aboard a SpaceX Falcon 9 rideshare.

What will ENOS Mk1 do during its mission?

The capsule will deploy a reusable spacecraft into low Earth orbit, host commercial payloads for about eight weeks, then return to Earth for recovery and reuse.

Why did Reditus Space transition to Onshape Government from the Startup Program?

Reditus transitioned to meet ITAR and EAR requirements at scale while retaining cloud-native collaboration and rapid iteration.

How does Onshape aim to help aerospace teams according to PTC?

Onshape unifies design, data, and collaboration in real time to enable rapid iteration, secure teamwork, and regulatory readiness for aerospace and defense teams.

Does the announcement include any financial terms or funding details for Reditus Space or PTC?

No—there are no financial terms, transaction values, or funding details disclosed in the announcement.