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Atmospheric escape is a fundamental process that affects the structure, composition, and evolution of many planets. The signatures of escape are detectable on close-in, gaseous exoplanets orbiting bright stars, owing to the high levels of extreme-ultraviolet irradiation from their parent stars. The Colorado Ultraviolet Transit Experiment (CUTE) is a CubeSat mission designed to take advantage of the near-ultraviolet stellar brightness distribution to conduct a survey of the extended atmospheres of nearby close-in planets. The CUTE payload is a magnifying NUV (2479~--~3306 Ang) spectrograph fed by a rectangular Cassegrain telescope (206mm x 84mm); the spectrogram is recorded on a back-illuminated, UV-enhanced CCD. The science payload is integrated into a 6U Blue Canyon Technology XB1 bus. CUTE was launched into a polar, low-Earth orbit on 27 September 2021 and has been conducting this transit spectroscopy survey following an on-orbit commissioning period. This paper presents the mission motivation, development path, and demonstrates the potential for small satellites to conduct this type of science by presenting initial on-orbit science observations. The primary science mission is being conducted in 2022~--~2023, with a publicly available data archive coming on line in 2023., Comment: 12 pages, 5 figures, AJ - accepted

We present the on-orbit performance of the Colorado Ultraviolet Transit Experiment ($CUTE$). $CUTE$ is a 6U CubeSat that launched on September 27th, 2021 and is obtaining near-ultraviolet (NUV, 2480 A -- 3306 A) transit spectroscopy of short-period exoplanets. The instrument comprises a 20 cm $\times$ 8 cm rectangular Cassegrain telescope, an NUV spectrograph with a holographically ruled aberration-correcting diffraction grating, and a passively cooled, back-illuminated NUV-optimized CCD detector. The telescope feeds the spectrograph through an 18$'$ $\times$ 60$''$ slit. The spacecraft bus is a Blue Canyon Technologies XB1, which has demonstrated $\leq$ 6$''$ jitter in 56% of $CUTE$ science exposures. Following spacecraft commissioning, an on-orbit calibration program was executed to characterize the $CUTE$ instrument's on-orbit performance. The results of this calibration indicate that the effective area of $CUTE$ is $\approx$ 19.0 -- 27.5 cm$^{2}$ and that the average intrinsic resolution element is 2.9 A across the bandpass. This paper describes the measurement of the science instrument performance parameters as well as the thermal and pointing characteristics of the observatory.