Want to learn the best business insights from remarkable speakers at Slush 2023, but don’t have the time to watch the full speeches on YouTube?
You’ve come to the right place. Below is a summary of a speech by Hélène Huby, co-founder and CEO of The Exploration Company, and Daniel Metzler, co-founder and CEO of launch service company ISAR Aerospace to the stage. Joined by Christian Saller, General Partner of HV Capital.
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<p class="h1-rich">🤏 TL;DR</p>
Private space companies are disrupting various industries and have the potential to significantly impact everyday life. Two speakers shared their founding stories and plans for the future, including the use of AI in their operations. Action items include launching a capsule next year, building more rockets, exploring AI technology, and focusing on making space more cooperative and sustainable.
<p class="h1-rich">✨ Summary</p>
- Speaker 2 started their company after working in the space industry for over 10 years and realizing the need for reusable and refuelable space vehicles.
- Speaker 3 founded their company straight out of university after winning competitions organized by SpaceX.
Importance of Space
- Space has the potential to disrupt various industries, such as insurance, connectivity, and autonomous driving.
- Data from space observation is valuable for understanding climate change and optimizing activities in sectors like agriculture and logistics.
- Space-based communication is expected to provide a significant portion of global broadband in the future.
- Humans will extend their capacity to live and act in space, leading to new opportunities and challenges.
Private Companies in Space
- The rise of private companies in the space industry can be attributed to bold investors, the availability of technology, and a shift in perception towards commercialization.
- Europe aims to catch up with the US in terms of launch capacity but also identifies areas where it can lead, such as manufacturing capabilities.
- Europe is discussing reforms to increase flexibility and competitiveness in the space industry.
- Speaker 2's company plans to launch two capsules next year and aims to become a leader in cargo transportation to space stations.
- Speaker 3's company focuses on building more rockets and scaling manufacturing capabilities to meet the increasing demand for satellite launches.
Role of AI
- Both companies utilize AI in various aspects of their operations, including designing rocket engines and optimizing manufacturing processes.
Expansion of Space Startups
- While space startups may not see an explosion in numbers, the industry will witness significant growth and attract investments due to the potential for high returns.
- Space will become an integral part of various industries and everyday life, similar to the internet.
The Future of Space
- Speakers emphasize the importance of using space to manage and protect our planet rather than solely focusing on Mars colonization.