The government of India is going to adopt a law that boosts private space companies and public-private partnerships in the country. This is very welcome news, and guess why:
India has really great potential in space technology and the space sector but used to face with a lack of space regulations and licensing framework. Also, there was not a lot of promotion of the space segment as a possible solution to the challenges in the traditional sectors such as mining or agriculture businesses. As a result, domestic investors interested in supporting space companies.
Andrew Maximov, CEO and Co-Founder of Precious Payload, a software company that allows you to manage your space mission without leaving your office, shared a new video with a visionary outlook of the space industry growth in 5 years from now. He is drawing parallels between the early days of the IT industry and the current state of the space industry and concludes that every company will be able to have its own satellite by 2026.
Andrew Maximov, CEO and Co-Founder of Precious Payload, a software company that lets you plan and execute a space mission without leaving your home or office environment, shared a short video regarding a webinar that he participated in as a panelist last week. It was organized by KryptoLabs and the UAE Space Agency. In this video, Andrew is talking about the lessons learned from working on a space startup in the space industry since early 2016. The following information will be useful to someone who is thinking of building their career in the space industry or thinking of an idea for a startup in the space industry.
Stay home and safe, join our new video tour to Momentus facility in Silicon Valley. Momentus uses water-plasma propulsion technology for taking satellites from where the rockets drop them off to a custom orbit. Last summer the company has launched its first demonstration mission from Vostochny spaceport and going to fly with two more demo-missions in 2020.
The COVID-19 pandemic has turned the modern world upside down. New rules and etiquette of “quarantine” communication forced many companies to switch to remote work. Despite this, the corona-virus outbreak didn’t affect that much Precious Payload’s everyday business processes because our team has been working remotely since its foundation. Team of 6, we all live in different places: New York, Dubai, Moscow, Sochi, Ho Chi Minh, Abu Dhabi. So we are pretty good not only in helping to get your business to space but in using the most convenient digital tools for organizing the remote work of the company. And in this post, we want to share our ‘work from home’ experience with anyone who may be interested because for any business, including space-related one, staying in touch in such a weird time is a primary task.
Interview with Momentus VP Negar Feher – updates, news, and plans of the spacecraft bus operator
Andrey Maksimov: Here we are. Hi, Negar. It’s February 2020 now. Last time we were here more than 8 months ago, so it seems like a lot of things have changed. You had a technical mission last year, fundraised a crazy amount of money, grew your team and made some progress on your main product, which is Vigoride.
We would love to have an update from you into delivering orbital customers. We do it as part of our #knowyouroptions campaign where we basically are building software that helps people understand their launch options, and how to figure out a space mission. So, we’d really love to know what’s new in your shop here and what’s going on.
Modularity Space is developing low-cost modular reusable satellites that can be repaired, refueled, and upgraded in space, calling this innovative approach “Click-and-GO”. Scott Weintraub founded the company based in Daytona Beach, Florida in 2016. Inspired by desktop computers, Modularity Space satellites and flight software revolve around interoperability allowing both subsystems and payloads to simply click together and work.
“This “Click-and-GO” approach enables a completely mission flexible, hardware-agnostic, software-defined satellite,” says Nolan Coulter, Chief Technology Officer at Modularity Space. “Imagine being able to completely interface, test, and operate your payload or satellite with a simple click of a button.”
Bringing the “Click-and-GO” satellite into production is a team of engineers and entrepreneurs with an extensive background in on-orbit servicing, modular satellites, and flight software. In our new #knowyouroptions interview, Precious Payload spoke to Scott and Nolan about the advantages of the modular approach in satellite development.
Precious Payload is now a part of the first batch in the aerospace-themed Gothams Hub71 Accelerator in the UAE. The new program kicked off in the first week of October in Abu Dhabi. Our team was selected to join the cohort of 5 early-stage technology companies.
The unique combination of newly born innovative Abu Dhabi entrepreneurs environment and the opportunity to engage forward-looking companies creating cutting edge technologies seeks to develop Arabic Silicon Valley, a comfortable ecosystem that is to accelerate the economy of the region.
Last week Daria Ryzhkova, a CPO of Precious Payload, attended the UK Space Conference, the most important industry event in Great Britain. We put her insights and overall impression of the conference into one place.
Andrey Maksimov: We are continuing our conversations with great companies about big products in the industry. That’s another take from the Logan, Utah SmallSat show 2019. With me today is Doug Liddle from the In-Space Missions company based in the United Kingdom. We’re gonna talk about an alternative way to test your payloads in orbit and hopefully do it on a very good time scale and within the budget. So, Doug, could you tell us a little bit about yourself, where you come from, and then we can discuss the business.