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💡 Intuitive Machines Chairman Kam Ghaffarian Bullish On Booming Space Economy Kam Ghaffarian, the influential space entrepreneur and chairman of Intuitive Machines, shares his bullish outlook on the burgeoning space economy from the recent Space Symposium in Colorado. As AI propels the industry forward, opportunities for groundbreaking advancements in space technology are rapidly expanding. Key Highlights: 🔹Technological Catalysts: Artificial intelligence is enhancing robotics and enabling innovations such as in-space manufacturing, which are pivotal for the next stages of human exploration. 🔹Market Expansion: Novel applications like bioprinting, space-based pharmaceuticals, and special materials manufacturing present significant economic opportunities. 🔹Infrastructure Development: Ghaffarian’s ventures, including significant contributions by SpaceX’s Starlink, are critical in building the necessary infrastructure for sustained economic growth in space. 🔹Investor Insight: Drawing parallels with early skeptics of tech giants like Amazon and Tesla, Ghaffarian underscores the importance of visionary investment in space technologies. The space sector is poised to become a cornerstone of the future economy. What strategies should businesses adopt to ensure they are part of this exciting frontier? https://lnkd.in/egcEcYKh #SpaceEconomy #Innovation #ArtificialIntelligence #SpaceExploration #InvestmentOpportunities

𝗦𝗽𝗮𝗰𝗲 𝘁𝗲𝗰𝗵 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺: 𝗘𝘂𝗿𝗼𝗽𝗲 𝘃𝘀 𝘁𝗵𝗲 𝗿𝗲𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 The global space sector was worth $469B in 2021, 2.5x from 2005. The projections are 11% annually by 2030. 77% of the space market is commercial today. And it has made huge advancements since 2000. Globally, $40B and in Europe, $2.5B was invested in the space tech upstream sector in 2021. Space upstream was one of the best-performing sectors. Yet, it is only 6% of the total VC Deep Tech funding. In comparison to the world… EU has one-fifth of the funding since 2018—the highest share after the US. Germany attracted the most funding in 2023, followed by the UK and Italy. Italy, in fact, has been the fastest-growing country. European VC space tech funding by segment: > Space transportation $430M > Satellites $236M > In-space operations $117M > Space vehicle components $83M > Space exploration $63M Two of our portfolio companies in the space tech are: ATMOS Space Cargo— aims to provide a return service from space to earth with a payload capacity of 100kgs and more. One use case is to support the research in life science in the space. For more information: https://lnkd.in/dJJm5X-N OKAPI:Orbits— dedicated to protecting space travel with AI-based STM and SSA platforms. For more information: https://lnkd.in/dm7XB4Kw Space tech startups will continue to grow, and in the future, we can expect to see drugs being developed in space, manufactured materials sent back to Earth, and much more. What are your thoughts about space tech and its future? Credit: DealRoom #Venturecapital #AI #Deeptech #Startups Follow us for strategies and resources for Deep Tech founders and VCs! And get access to exclusive content on Deep Tech startups like Yuri, OroraTech and Spleenlab GmbH in our newsletter: 🗻 https://lnkd.in/dtTX49AF

New Post: Varda Space Industries finally gets approval to bring its drug manufacturing spacecraft back to Earth - https://lnkd.in/gQMBFzWc - Varda Space Industries has received long-awaited approval from regulators to return its first spacecraft to Earth — and with it, a batch of pharmaceutical crystals manufactured on orbit. Varda’s Winnebago capsule has been stuck in limbo for months. The company launched the spacecraft on a SpaceX Transporter mission eight months ago, with the plan to © 2024 TechCrunch. All rights reserved. For personal use only. - #news #business #world -------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR -------------------------------------------------- or download at SourceForge - https://lnkd.in/gNqB7dnp

If you're looking for some inspiring futuristic startup stuff that isn't AI, this piece is a refreshing break from the AInslaught. It's about a pharma startup that operates in space. Or a space startup that manufactures drugs. Yes, a space drug factory. Why make drugs in space? Apparently the presence or absence of gravity is a big deal in manufacturing drugs. Science! Look, I don't completely understand it, but what these guys (they're all guys) have been able to accomplish in 2 years on the backend of a bonkers idea is wild. It does not appear to be a scam. That's not to say the biz model will work, but... they've got the DoD on board, so that's something. In the future, space will just be another thing humans do. I didn't get that vibe from SpaceX but I did from Varda and this piece. Thanks Packy McCormick for always having hands in the best cookie jars and sharing with the rest of us in his formidable newsletter. I'll follow up soon detailing my next project-- a school in space.

Report: The European Deep Tech Report 2023 (Deal Room 2023) #SpaceEconomy #NewSpaceEconomy #NewSpace #Space

The race to develop AI-powered chips capable of withstanding the harsh conditions of space is heating up. These advancements aim to revolutionize how satellites operate, making them more autonomous and efficient in real-time data processing. With the space industry projected to grow to $1.8 trillion by 2035, integrating AI could be a game-changer. Check out the full article by Alison Snyder for a deep dive into how startups, tech giants, and governments are tackling this next frontier of space innovation: https://lnkd.in/etuBNSXi

A wave of startups, companies, and governments is spearheading efforts to develop new chips capable of unleashing the power of AI in space, marking a pivotal step forward for the space industry. The significance of this endeavor cannot be overstated. https://lnkd.in/gzVTTNji FuturistSpeaker.com #foresight #predictions #futuretrends #futureofwork #futurejobs #keynotespeaker #futuriststrategy #mostquoted

"Space investment begins with imagination". Has space captured your imagination yet? I'm please to share here the first of our five part series which covers the science, startup ecosystem, and potential #ai and #qc has on #spacebio companies. In this first part we look at the origins of space investment, current trends in privatisation, and set the scene for what's to come. https://lnkd.in/eg8HHRtb

🌍 🛰️ Earth Observation (EO) startups are experiencing remarkable growth, fueled by significant advancements in Space Technology and #AI. These developments are transforming the industry, enabling amazing new capabilities and insights. Discover: 🚀 The surge in VC funding for #SpaceTech, surpassing $10B in 2021. 🛰️ The impact of next-gen satellites on data quality and accessibility. 🔍 The leading #startups leveraging AI to unlock value in Earth Observation. 🔗 Read the full blog: https://bit.ly/4aXJqsm ✍️ by Eric Fett #EarthObservation #SpaceTech #AI

We are speaking at Digital Tech Summit 2023! 🎤 Space as a technology platform for innovation encapsulates the idea that the unique conditions, resources, and opportunities space offers can spark ground-breaking advancements in science, #technology, and beyond, making it a boundless source of inspiration and innovation. We will talk about the remarkable shift in how we perceive space. Space has evolved into a dynamic platform that fosters innovation and transformation across numerous industries. From satellite constellations that revolutionise global connectivity to the potential for asteroid mining, #space is beaming with possibilities that can reshape our world here on Earth. We will discuss: ➡ How is the commercialisation of space revolutionising industries and creating new ones? ➡ESA BIC Denmark as an instigator for space solutions ➡How to utilise space resources by startups: ClearSky Vision, Aerial Tools ApS and Skypuzzler ApS ➡Funding opportunities for using space for innovation When and where? 📅 November 8 from 10:30 to 11:00 on the startup stage Sign up for our talk here: https://lnkd.in/ePS2rTvE #DigitalTechSummit #AI #innovation #AITransformingBusiness #networking Poul Zimmermann Nielsen Lisa Bergmann