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☆ 5 careers in the space industry that new grads should focus on, according to a VC
▼ + stars: | 2024-09-07 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A 2024 report from McKinsey & Co. estimates the global space economy will balloon to $1.8 trillion by 2035, fueled by advances in AI. Chad Anderson, founder and managing partner of Space Capital, one of the first early-stage VC firms to focus exclusively on the space economy, told Business Insider that the space economy has plenty of technical career paths available. Anderson — who's invested in dozens of space ventures, including SpaceX, moon landers, satellites, and space tech, and founded Space Talent, an online resource for jobs in the space field and tech industry — shared his perspective as a VC on the top five careers in space that are on the rise. Specifically, expect heightened demand for orbital interior designers, space suit designers, space station industrial designers, and other lifestyle consultants for long-term tourism trips and crewed platforms.

Persons: —, Chad Anderson, Anderson — who's, landers, Anderson —, Anderson, they'll, you've, it's Organizations: Service, McKinsey & Co, Space, Business, SpaceX, Talent, Software, of Defense, NASA

☆ How VC Stephen Hays scraped his life off rock bottom after addiction and a bipolar diagnosis to tackle mental health stigma
▼ + stars: | 2024-07-29 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +10 min

Some parents had voiced concerns about Hays' "background," he told Business Insider. In 2020, he started What If Ventures, a venture firm focused on investing in mental health startups. Hays's new public persona as a staunch mental health advocate also puts a certain pressure on him to perform his recovery — "and I hate that," he said. He wants to show people struggling with their own mental health that working to get well is good enough. Advertisement"I don't just want to destigmatize addiction and mental health issues — I want to destigmatize the journey of getting better," he said.

Persons: —, Stephen Hays, Hays, couldn't, didn't, They'd, it's, Christine, he'd, Amit Etkin, Etkin, he'll, that's, Stephen, Christopher Kim, Kim, Hays doesn't, It's Organizations: Service, Little League baseball, Business, Neuroscience, Ventures, West, Space Ventures, Atlantic City, Magazine, Deep Space Ventures, Alto Neuroscience, BI, Argosy Strategic Partners, Argosy Locations: Dallas, Texas, Atlantic, Las Vegas, Colorado, Wickenburg , Arizona

Kam Ghaffarian, co-founder and chairman of Axiom Space Inc., speaks during an interview at the company's headquarters in Houston, Texas, U.S., on Friday, Jan. 14, 2022. IBX's Kam Ghaffarian wants to go even further: the stars. Ghaffarian has been instrumental in ushering in the new space economy, having co-founded and invested in a cadre of commercial space ventures. Unlike other high-profile billionaires building commercial space companies, Ghaffarian made his fortune through the space industry, and rather than focusing on access to space, he's leveraging those falling costs to build out infrastructure and business activities in space. Ghaffarian believes the space economy will be worth trillions of dollars — and sooner than many realize.

Persons: Kam Ghaffarian, Jeff Bezos, Richard Branson, Elon Musk, IBX's Kam Ghaffarian, CNBC's Morgan Brennan, Ghaffarian, Odysseus, he's, We've, Jeff, Bezos, we've, Morgan Brennan, it's Organizations: Space, International, Elon, Technologies, NASA, KBR, SpaceX Locations: Houston , Texas, U.S, Colorado Springs, Iran

☆ K2 Space, a startup with SpaceX veterans building monster satellites, raises $50 million
▼ + stars: | 2024-02-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Los Angeles-based startup K2 Space raised $50 million in new funding as the company works to build monster satellites to match the massive rockets that are coming to market. The company's latest fundraiser was led by tech investor Brad Gerstner's Altimeter Capital and joined by Alpine Space Ventures, adding to the $8.5 million in seed funding it raised from investors including First Round Capital and Republic Capital. K2 declined to specify its valuation after the most recent round. "This round is effectively built for the demand that we're seeing for launching constellations of the Mega class satellites," Karan Kunjur told CNBC. K2's Mega class satellite bus — the physical structure of a spacecraft that provides power, movement and more — is sized to fit in "heavy" and "super heavy" rockets.

Persons: Karan Kunjur, Neel Kunjur, Brad, Glenn Organizations: K2, Alpine Space Ventures, First, Capital, Republic Capital, CNBC Locations: Los Angeles

☆ Exclusive: L&T, HAL vetted to bid on India rocket privatisation-source
▼ + stars: | 2023-08-25 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +3 min

BENGALURU, Aug 25 (Reuters) - Larsen & Toubro and Hindustan Aeronautics are among companies vetted to potentially bid in India's efforts to privatise its small satellite launch rocket, a source told Reuters, as the government seeks more investment in the booming space market. The Small Satellite Launch Vehicle (SSLV) was developed by the Indian Space Research Organisation (ISRO), the national space agency, as a low-cost means to launch satellites weighing up to 500 kg (1,102 lb) into low-earth orbit. They serve a booming market to launch clusters of satellites for communications and data that SpaceX and rivals compete in. India is aiming to increase its share of the global satellite launch market by fivefold within the next decade. Under that contract, the companies will manufacture and deliver five Polar Satellite Launch Vehicles (PSLV) - often called ISRO's "workhorse" rocket.

Persons: Larsen, Narendra Modi, Nivedita, Sharon Singleton Organizations: Toubro, Hindustan Aeronautics, Indian Space Research Organisation, ISRO, SpaceX, HAL, Launch, Indian, Thomson Locations: BENGALURU, India, Bengaluru

☆ Biden administration drafting executive order to simplify space rules
▼ + stars: | 2022-12-09 | by ( ) www.cnbc.com time to read: +5 min

U.S. Vice President Kamala Harris, who chairs the National Space Council, has signaled her intention to codify new rules for private space activities, but the plan for the executive order has not been reported. The executive order is considered an early step to simplify existing regulations before new rules take shape. Companies like Blue Origin, Axiom Space and others are developing private space stations with unclear procedures for how they can court foreign governments as customers or execute their missions in space. Private space stations like Orbital Reef, which Blue Origin is developing with Boeing and Sierra Space, could be deployed by 2030. White House officials have held several "listening sessions" with space companies since Nov. 14 to discuss what rules the space industry would like to see, according to people familiar with the meetings.

☆ Exclusive: Biden administration drafting executive order to simplify space rules -sources
▼ + stars: | 2022-12-09 | by ( Joey Roulette | ) www.reuters.com time to read: +5 min

U.S. Vice President Kamala Harris, who chairs the National Space Council, has signaled her intention to codify new rules for private space activities, but the plan for the executive order has not been reported. The executive order is considered an early step to simplify existing regulations before new rules take shape. Companies like Blue Origin, Axiom Space and others are developing private space stations with unclear procedures for how they can court foreign governments as customers or execute their missions in space. However, a lack of rules governing private in-space activities complicates space companies' ties with prospective customers, investors and insurers that need more legal certainty. Private space stations like Orbital Reef, which Blue Origin is developing with Boeing and Sierra Space, could be deployed by 2030.

☆ 25 up-and-coming investors, traders, and dealmakers at firms like Apollo, Bridgewater, and JPMorgan
▼ + stars: | 2022-11-01 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

Each year, Insider highlights Wall Street rising stars. Insider has pinpointed the young professionals on the runway to success even as banks and money managers brace for cutbacks. We scoured our contacts for ideas about individuals to include and received recommendations from bosses, colleagues, recruiters, and financial-industry peers. Insider talked to these rising stars, from leading firms like Goldman Sachs, BlackRock, and Bridgewater, to reflect on their successes, challenges, and best career advice. Also, check out their biggest career mistakes and what they learned from them as well as what they've been reading and listening to.

☆ 25 up-and-coming investors, traders, and dealmakers at firms like Blackstone, JPMorgan, and Citadel
▼ + stars: | 2022-10-26 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

☆ Investing in Space: Cash crunch
▼ + stars: | 2022-10-20 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. We're now in the final quarter of the year, and for several space companies, it's survival time. They weren't proven businesses and the tide went out," a banker familiar with the sector told me about the environment for space stocks. While not a definitive metric, the cash burn rates of de-SPAC space companies – from AST SpaceMobile to Redwire and more – give a window into the urgency of the situation. Private space companies are feeling the pinch as well.

☆ Singapore's Love, Bonito brand owner to open first U.S. store in 2023, eyes IPO
▼ + stars: | 2022-10-19 | by ( Yantoultra Ngui | ) www.reuters.com time to read: +2 min

A view of the Love, Bonito flagship store at ION Ochard shopping mall, Singapore October 19, 2022. The Chinese private equity firm led a $50 million funding round in Lovebonito Holdings in October 2021. Among the other investors are Singapore-based Openspace Ventures, Japanese comparison-shopping site Kakaku.com (2371.T), Shanghai-headquartered venture capital firm Ondine Capital and Japanese fashion chain store Adastria (2685.T). Song, 33, said Lovebonito Holdings' plans for an IPO were "definitely in the mid-term horizon", but she declined to give specifics. This week, Lovebonito Holdings announced the acquisition of butter., a women-led activewear brand, and a small investment in Moom Health, a Singapore healthcare startup.

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