Lakestar’s Post

How will the development of space factories influence the future of technology and industry on Earth? Let me know your thoughts in the comments, and please follow Space Tech! #spacetech #startup #spaceexploration #spacefactories #space #manufacturing #microchips #medicine

It was high time we selected space as a topic for our #JoltAcademy. Yesterday, Jean-Marc Nasr, former Executive Vice President at Airbus Defence and Space, stopped by our headquarters to share his thoughts about the idiosyncrasies of the space industry, the current Sputnik-like moment for Europe, and the few areas towards which a growth investor like us should turn its attention. In a recent post we had listed the reasons why we haven't invested in spacetech yet (low maturity, lack of differentiating and proprietary technologies, unrealistic and overinflated valuations). This is not a reason to ignore the field, quite the contrary. And December at Jolt Capital will be devoted to space: Philippe Baptiste, CEO of the French Space Agency will speak at our upcoming CEOs & LPs day (December 11th at the Palace of Versailles), and on Monday we are going to present a new #JoltNinja spacetech report (funding, exits, patents) at the 20th European Space Agency - ESA Investor Forum in Frankfurt. Surrounding Jean-Marc Nasr on the photo, Jolt Capital's space squadron (Marie Nicod who worked at a space VC fund prior to joining Jolt, Maxime Mallet who's already scrutinized several potential investments in that field, and Simon Cardoen who just authored the European spacetech report to be unveiled next week). #space #spacetech #orbit #leo #constellation #remotesensing #spatial #espace #satellite #rocket #launcher #spaceX #esa #cnes #privateequity #growthequity #scaleup

IN-SPACe releases - "Norms, Guidelines and Procedures for implementation of #Indian #Space Policy-2023 in respect of Authorization of Space Activities (NGP)" The unlocking of space sector in India was announced by the Government of India in June 2020 with an aim to boost private sector participation in the entire range of Space Activities. The reforms envisage Non-Government Entities (NGEs) emerging as independent players in the space sector capable of carrying out end-to-end Space Activities. In line with the reforms, Indian National Space Promotion and Authorization Centre (IN-SPACe ), an autonomous single window nodal agency within Department of Space, was constituted in October 2021 with a mandate to authorize all Space Activities undertaken by the Government and NGEs in the country. In addition, IN-SPACe also acts as a promoter, enabler and supervisor for the NGEs involved in the Space Activities. Subsequently, the Indian Space Policy-2023 (ISP-2023) was brought out by the Government in April 2023 outlining the role of all the stakeholders in space sector in the country. The ISP-2023 has also identified the range of Space Activities that require Authorization by IN-SPACe. IN-SPACe has accordingly formulated the Norms, Guidelines and Procedures for implementation of the Indian Space Policy 2023 in respect of Authorization of Space Activities (NGP). The NGP, as described in this document, includes the list of Space Activities which need Authorization from IN-SPACe, criteria for granting the Authorization and necessary conditions/guidelines to be adhered-to by an Applicant. Application templates seeking Authorization for the Space Activities have also been provided in the document. Source : IN-SPACe #india #startup #defence #defencenews #defenceblog #defenceindustry #defencetechnology #defenceforces #defencecapability #space #authorization #guidelines #policy #grant #activities #aatmanirbharbharat #makeinindia #indianarmy #indianarmedforces  ISRO - Indian Space Research Organization ISpA- Indian Space Association Satcom Industry Association SpaceFields GalaxEye Pixxel Dhruva Space Digantara Xovian Aerospace Kepler Aerospace Ltd MountTech Growth Fund - Kavachh

There's still time to hand in your ideas for the #INNOspaceMasters innovation competition! The deadline has been extended until 2nd May - we are excited to find out more about all of your innovative solutions and ideas! Make sure to check out the six challenges via the website: https://lnkd.in/dweKZ_m #innovation #space #startups #competition #INNOspace

During his participation at the Paris Air Forum, MaiaSpace CEO Yohann Leroy discussed the mini-launcher market alongside Jörn Spurmann, Chief Commercial Officer at Rocket Factory Augsburg - RFA, Raúl Verdú, Chief Business Development Officer at PLD Space and Toni Tolker-Nielsen, Director of Space Transportation at European Space Agency - ESA. This discussion allowed us to outline the competitive landscape of the mini-launcher market and to highlight the benefits reusability brings in the economics of a mini launcher developed with private money, namely competitive access to a wider market. This wider access leads to higher cadence, hence easier amortization of non-recurring costs, faster recurring costs reduction, more launch opportunities, and better resilience. To be successful, we need also to go fast, foster a more offensive risk culture, accepting failures as opportunities to learn, accelerate, and ultimately reduce costs. This is what MaiaSpace does, bringing together the best of both worlds: the expertise of the European space sector, and the agility, speed and risk-taking culture of a start-up. #ParisAirForum #MaiaSpace #Space #Innovation

Space start-up XDLINX Space Labs has successfully completed a $7 million seed funding round, led by Ashish Kacholia of Lucky Investments, to develop next-generation payloads for defense and commercial missions. The funding will support the production of advanced technologies such as E-band communications, Optical and RF intelligence, satellite bus platforms, and expanding presence in the US and UK markets. XDLINX Space Labs is a New Delhi-based space start-up that specializes in commoditizing deep space technology for enabling space missions. The company offers ready-to-launch satellite platforms, such as the 6U small satellite Janus-1, designed and developed in just 10 months. These platforms support sovereign intelligence, surveillance, reconnaissance (ISR) missions and empower global access to space capabilities and skillsets. With a recent USD seven million seed funding round led by Ashish Kacholia of Lucky Investments, XDLINX Space Labs aims to accelerate the manufacturing of next-generation payloads for defense and commercial missions, including E-band communications, optical, and RF intelligence. The company plans to expand its presence in the US and the UK while working towards building cost-effective satellites using 75% indigenous subsystems. Factacy.ai Congratulates and wishes them well. Rupesh Gandupalli and Govindhasamy Karthik #innovation #management #digitalmarketing #technology #creativity #futurism #startups

The 17th Australian Space Forum in Adelaide witnessed significant engagement from the Indian space sector, IN-SPACe spearheaded a delegation led by Dr. Vinod Kumar, FIE, FIETE Director of the Promotion Directorate at IN-SPACe. The delegation included Mr. Shashank Saxena, Deputy Director of IN-SPACe, and representatives from prominent Indian space startups: AgniKul Cosmos PierSight Space , TakeMe2Space , Dhruva Space , Bellatrix Aerospace , XDLINX Labs, mistEO , OrbitAID Aerospace , and Skyroot Aerospace . The forum served as a crucial platform for these Indian startups to showcase their advanced capabilities and explore collaborative opportunities with Australian counterparts. This resulted in the signing of two momentous Memorandums of Understanding (MoUs) that signal a promising future for Indo-Australian space cooperation. The first MoU was established between HEX20, an Australian satellite platform company, and OrbitAid, an Indian company specializing in developing cutting-edge satellite life extension solutions. The second MoU was signed between HEX20 and TakeMe2Space, an Indian startup pioneering AI-driven compute and storage satellite infrastructure. It is notable that six more MoUs/LOI are also signed during the event. These strategic partnerships signify a significant step establishing collaboration between the Indian and Australian space sectors. This engagement promises a bright future for both nations in the rapidly expanding field of space exploration. #INSPACe #IndianSpaceIndustry #SpaceSector #SpaceCollaboration #IndiaAustralia #SpaceExploration #InternationalCollaboration #SpaceInnovation #AatmaNirbharBharat

How to win the second space race? The #UnitedStates holds a crucial advantage in the ongoing #space race with China, provided it leverages private sector innovation. Unlike the first space race, where government-led efforts dominated, this new era of space competition will be determined by entrepreneurial ventures and private companies to ensure that the U.S. not only competes but leads in this critical domain. There are now over 100 private Chinese space companies striving to emulate the success of private space companies in the United States. #space #spacenews #Defense #DepartmentofDefense #DOD #innovation #technologytrends #strategy #simulation https://lnkd.in/ezWwqzGT

Congratulations to ARIANESPACE for today's successful launch of Ariane 6🚀 👏 Stephanie Songer and I wrote a Center for Strategic and International Studies (CSIS) commentary on how the United States and other countries could look to the original Ariane project framework as a potential model for future international space partnerships. Recognizing how procurement preferences and export control rules can be speed bumps to opportunities for international collaboration, we discuss how relentless political will and support will be needed to bring about more allied cooperation on big projects in space. https://lnkd.in/edaxmx5q

Two space industry start-ups hoping to launch from the SaxaVord spaceport next year have netted almost £20 million in funding from the European Space Agency’s Boost! programme. The funding of 11.8 million Euros each to Rocket Factory Augsburg (RFA) and HyImpulse comes at a crucial time ahead of launch. ESA’s director of space transportations Toni Tolker-Nielson said: “Europe’s emerging commercial launch service providers are pushing towards their first launches. “We are very interested to see their rockets deliver, diversifying the European launch services on offer.” RFA suffered a setback in August when its RFA One rocket went up in flames during a hot fire test. The company has since said that it is confident to be back at the Unst launch site by February next year. Co-founder and chief commercial officer Jörn Spurmann said: “RFA is excited about the growing support of Germany and the UK through ESA’s Boost! programme, which accelerates our mission to deliver cost-effective, flexible launch solutions. Continue reading here: https://shet.news/c3gx5