A View From Above, with Mason Angel (Industrious Ventures)

Ever wanted to hear the firsthand experience of a New Shepard astronaut? Well, today we're joined by Mason Angel, General Partner at Industrious Ventures, who was on Blue Origin’s most recent flight to space. Mason, with a background deeply rooted in industrial sectors like GE and Linde through his family, shares his unique journey and insights into investing in legacy industries, focusing on aerospace and defense.Industrious Ventures, founded over four years ago, aims to revitalize these often-overlooked sectors by leveraging innovative technologies and substantial expertise. Our conversation delves into Mason's strategic vision and track record. We also explore:The impact of a spaceflight experience and a renewed perspective on space tourism and the commercial space industryKey investment areas within legacy industriesFuture missions and the commercial potential of spaceAnd much more… • Chapters •00:38 - Mason and Industrious Ventures01:37 - Family expertise02:33 - What is a legacy industry?04:11 - Being a crew member of Blue Origin's Shepard06:35 - Experience vs expectation of going into space07:45 - What's the moment where you are not allowed to get off anymore?09:04 - Training11:28 - Weightlessness13:37 - How does Industrious differ from other firms?15:43 - State of space investment18:45 - Why is there room for multiple launch companies?19:54 - Investing in Stoke & Ursa Major21:53 - Starship's economic impact23:14 - Why is interest in the Moon increasing and is Mason thinking about investing in those companies?24:57 - AstroForge26:15 - Resources beyond He327:16 - Space stations today31:40 - How has going to space affected Mason's perspective on the business of space?33:00 - Investing beyond space35:30 - Areas of the market that are underhyped36:43 - Technologies that don't exist today that will in 10 years38:24 - Prediction: Starship's first commercial launch40:35 - What are LPs looking for from GPs today?42:37 - If Mason wasn't doing space, what else would he be doing • Show notes •Industrious Ventures website — https://www.industrious.vc/Mo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

This week on Pathfinder, we're joined by Ray Allensworth, Spacecraft Program Director at Firefly Aerospace. Ray, who has a previous background with major aerospace names like Raytheon and Northrop, helps lead Blue Ghost, Firefly’s lunar lander program designed to deliver scientific and commercial payloads to the surface of the Moon. The company is currently on track to be the next commercial lunar lander on the Moon with its planned launch in November aiming for the elusive 100% flawless mission which has not yet been achieved by any commercial entity.Our conversation delves into the comprehensive capabilities of Firefly as an end-to-end space transportation company, the intricacies of the Blue Ghost program, and the significance of lunar exploration. We also explore:The origins and objectives of Blue GhostTechnical milestones and challengesThe economic and strategic importance of lunar landersThe role of Firefly in the broader context of NASA's Artemis programFuture missions and the commercial opportunity on the moonAnd much more… • Chapters •00:00 Intro00:37 Firefly overview01:27 Blue Ghost03:02 How Ray got to Firefly and her background04:22 Building a space company in Texas05:18 What is the importance of returning to the moon?07:01 National security interest in the Moon08:20 Viability of developing products for the Moon09:50 Current moon landing customers and where Ray sees growth11:04 Commercial Lunar Payload Services (CLPS) Program12:26 Most promising commercial opportunity on the Moon14:43 Why is it still so hard to land on the Moon?16:58 How is the Blue Ghost Architecture different from other lunar landers?19:54 Technical milestones, team, and launch for Blue Ghost21:01 Most important challenges to overcome for Mission 123:04 Powering beyond solar23:54 Testing for the lunar environment28:29 What risks keep Ray up at night?29:52 Customer goals for Mission 131:20 The international market35:44 Commercial landing on the dark side of the Moon36:53 What's next after CLPS?37:47 Blue Ghost profitability39:58 Firefly's role in Artemis program41:37 Is sample return in the future plan?42:03 Press bomb prep43:17 Is the Moon your calling?44:54 What would you send to the Moon?46:22 Ray's favorite place to eat in Texas • Show notes •Mo's socials — https://twitter.com/itsmoislamFirefly’s Blue Ghost website — https://fireflyspace.com/blue-ghost/Payload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

This week on Pathfinder, we're joined by Jed McCaleb, Founder, and Max Haot, CEO, the leaders behind Vast, a company pioneering the development of commercial space stations. Jed, a seasoned software entrepreneur, and Max, a veteran in space and internet ventures, bring their unique expertise to the ambitious goal of advancing human habitation in space.Our conversation covers the critical aspects of creating economically viable space stations, the strategic role of life support systems, and the significance of reducing transportation costs. We also explore:Space station economics, pros/cons of competitionMilitary opportunities and sensitivities in space station useIntegration of Launcher post-acquisitionChallenges and excitement of Haven One's launchVast’s product roadmapAnd much more… • Chapters •00:00 Intro00:53 Jed's career path and creating Vast02:57 Balancing aspirations and making money04:57 Max's history building business and how he came to Vast08:49 Max's primary objective at Vast11:22 Jed's experience building a hardware company12:31 Market opportunity for a free flying space station15:20 Haven 119:17 Building components in house21:07 Materials use and construction safety23:03 Vast's approach vs competitors29:45 Importance of being first in the market31:41 Is the market large enough to sustain multiple station providers?33:25 Common misconceptions of space station investment38:02 Vast x SpaceX partnership40:55 Product roadmap43:22 Coinciding with Starship timelines45:06 Will Starship be converted into a space station?46:10 Fundraising47:09 Economics around Haven 151:37 Military applications53:30 Utilization after acquisition54:13 What excites you and keeps you up at night?• Show notes •Max’s socials — https://twitter.com/maxhaotJed’s socials — https://twitter.com/JedMcCalebMo's socials — https://twitter.com/itsmoislamVast’s website — https://www.vastspace.com/Payload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

This week on Pathfinder, we're joined by Sid Dixit, former CTO of Maxar and a seasoned leader in the space industry. Sid's career spans pivotal roles at Planet, Amazon, and Maxar, where he has been at the forefront of satellite technology, artificial intelligence, and geospatial data platforms.Our discussion delves into the transformative impact of generative AI and large language models on satellite imagery analysis, the evolving landscape of commercial and government demand for Earth observation data, and the potential commoditization of satellite imagery. We also explore:– The role of SpaceX and its impact on the LEO market– Challenges and opportunities for Earth observation startups– The future of satellite imagery quality and its market needs– Investment strategies within the industry– Promising Earth observation startupsThis episode is brought to you by Epsilon3, a cloud-based platform that supports a wide range of operational procedures requiring extreme efficiency and control. Innovative teams at NASA, Blue Origin, Redwire, and Firefly Aerospace use it to plan, execute, and automate their most complex workflows. • Chapters • • Show notes • Mo's socials — https://twitter.com/itsmoislam Payload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspace Pathfinder archive — Watch: https://www.youtube.com/@payloadspace Pathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us • Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world. Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms: 1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern 2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com) 3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays 4) Payload Research, our weekly research and analysis piece, comes out on Wednesdays You can sign up for all of our publications here: https://payloadspace.com/subscribe/ • Chapters •00:00 Intro & Epsilon Ad01:24 Sid's journey from Planet, Amazon, and Maxar04:57 Sid's robotics work at Amazon07:24 How Sid got back into Earth observation08:21 Maxar's acquisition11:11 Advent and BCI's end goal13:20 State of Earth observation18:50 SpaceX's potential impact on LEO23:04 If SpaceX goes after remote sensing, what will happen to all the companies operating in LEO?25:37 Commercial demand28:31 Do you see imaging tech as improving marginally or step-wise?34:14 Will AI help open up the commercial market?41:05 Who's the winner when it comes to the use of models in EO?45:07 Will satellite imagery become commoditized?46:48 At what point will imaging quality improvements be enough?49:03 If you were managing $1m, how much of it would go to EO?51:20 EO startups to look out for52:54 Overview

This week on Pathfinder, we’re joined by Sinead O’Sullivan, an economist and board member of the European Space Policy Institute. Sinead has had a unique career, from her early days in aerospace engineering in Northern Ireland to significant roles on Wall Street and at top academic institutions like Georgia Tech and Harvard. In her free time, she’s written about space, economics, wine, and even music for publications such as the Financial Times, Vogue, and The New Yorker—because who doesn't love a little light writing and high-profile journalism to unwind?Our discussion explores the intricate dynamics of public vs. private funding in the space industry and the challenges posed by venture capital and institutional investments. In addition, we discuss:Capital destruction in new technologiesThe importance of institutional capital…if the industry can maintain its growthThe future of space financingThis episode is brought to you by Epsilon3, a cloud-based platform that supports a wide range of operational procedures requiring extreme efficiency and control. Innovative teams at NASA, Blue Origin, Redwire, and Firefly Aerospace use it to plan, execute, and automate their most complex workflows. • Chapters •00:00 Intro & Epsilon ad01:16 Sinead's background07:56 Engineer or Economist?09:49 Sinead, the writer12:14 Public vs private funding sources20:00 The sustainability of current private-first funding mechanisms28:14 Role of DoD in supporting startups46:39 What will make institutional capital take the space industry seriously?55:31 Space financing in 10 years01:00 Irish modern art • Show notes •Sinead’s socials — https://twitter.com/SineadOS1Mo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

This week’s Pathfinder features Chris Taylor, CEO and founder of Aalyria, a Google spinout that specializes in advanced connectivity solutions. The company is developing what could be game changing free-space optics hardware and network orchestration software to meaningfully change communication speed and efficiency across air, space, land, and sea. It’s core products include:Tightbeam: An advanced free-space optics technology which uses coherent light (laser technology) to transmit data at high speeds over long distances without physical connections like cables.Spacetime: A SaaS platform that serves as a network management system that can control and direct data flows across different types of infrastructure, including satellites, ground stations, and other communication devices, effectively making each component a node in a larger network (think: traffic controller for communications). In this episode, we dissect:Free space optics 101Aalyria’s origins as a Google spinoutDeep dive on core technologies and challengesStrategic commercial applications • Chapters •00:00 Intro00:32 Chris's path to Aalyria02:15 What is Aalyria building?04:52 How do different space assets communicate with each other today?05:59 What is optical communication?07:58 The coherent light free space optics (FSO) program10:50 Why did Google sell their optical comms tech?12:56 Why is this so important?15:15 Benefits of Tightbeam over existing free space optics, coherent vs non-coherent space optics21:22 Customer profiles25:41 Real-world use case28:02 Use case in autonomous fleet navigation29:44 Fleet of autonomous taxis30:53 Size of Aalyria's addressable market35:34 Commercialization prospects38:32 Work with DIU (Defense Innovation Unit)40:01 Competitors42:25 Limits of technology44:22 Funding47:00 10-year vision50:34 What does Chris do for fun? • Show notes •Aalyria’s website — https://www.aalyria.com/Aalyria’s socials — https://twitter.com/AalyriaTechMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

The first single-stage-to-orbit (SSTO) space plane? That's exactly what we're discussing on this week’s Pathfinder podcast. We interview Livingston Holder, cofounder and CTO of Radian Aerospace, which is developing a fully reusable space plane designed for horizontal launch and landing.SSTO? Essentially, SSTO vehicles are designed to reach orbit using a single stage without discarding any hardware.We explore Livingston’s background as a former USAF astronaut as well as the Seattle-based startup’s roadmap to build the world’s first SSTO space transport vehicle. In addition, we cover:Radian’s technology advantageCultural and operational shifts in space missionsMarket positioning of SSTOFuture applications and impact on space opsAnd much more…This episode is brought to you by the Italian Trade Agency (ITA). • Chapters •00:00 Intro & ITA Ad02:12 Why space?04:45 The astronaut program06:06 Culture of NASA vs AF astronauts07:29 Life after the program09:24 Livingston's path to Radian12:39 What is Radian building?16:05 Unique take off18:17 Who designed the sled?19:36 Single-Stage-to-Orbit23:26 Nozzle extensions25:10 Why now?29:12 How Livingston met his cofounder33:19 Where is Radian today?38:19 First flight test projection39:23 Capabilities and market positioning43:19 Hypersonic travel47:32 Government and commercial traction49:41 Direct competitors52:15 How expensive is it to build Radian's spaceplanes?54:43 What does Livingston do for fun? • Show notes •Radian's website — https://www.radianaerospace.com/Radian's socials — https://twitter.com/RadianSpaceMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

Right on the heels of their $90M funding round, this week’s Pathfinder spotlights Varda and its cofounders, Will Bruey (CEO) and Delian Asparouhov (President). The LA-based startup harnesses microgravity for pharmaceutical development and manufacturing. In its latest mission, the company successfully processed ritonavir, a crucial antiviral drug utilized in HIV/AIDS treatment.In addition to Varda’s origin story and the Series B fundraise, Mo, Will, and Delian discuss:Varda’s commercialization strategyThe business case for in-space manufacturingThe significance of the W-1 missionAdapting to the regulatory environmentMicrogravity formulation optimizationAnd much more…This episode is brought to you by the Italian Trade Agency (ITA). • Chapters •00:00 Intro & ITA Ad01:21 Varda’s origin05:40 What are you building?08:17 What does space have to offer for manufacturing?12:00 The business case for space manufacturing18:02 What drugs have been improved in space?19:13 What happened to ZBLAN?20:54 R&D for manufacturing in space22:34 The W-1 mission29:05 Customer traction30:38 Where does Varda's business risk lie?38:22 Competitive landscape39:49 Potential partnerships42:48 Regulatory learnings45:30 The Series B46:57 Use cases beyond pharma48:19 Space stations55:35 Other companies Will is excited about57:22 Where would Delian invest his last space investment? • Show notes •Varda’s website — https://www.varda.com/The Return of Ritonavir Paper: https://www.varda.com/papers/1711063046-return-of-the-ritonavir-a-study-on-the-stability-of-pharmaceuticals-processed-in-orbit-and-returned-to-earth.pdfWill’s socials — https://twitter.com/WillBrueyDelian’s socials — https://twitter.com/zebulgarMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspace Pathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

Dan Wright is no typical founder. With a formidable background at software powerhouses like AppDynamics and DataRobot, Dan has shifted his focus towards bridging the technological gap in edge computing with his latest venture, Armada. As the world’s first full-stack edge computing platform, Armada integrates computing and AI capabilities directly where data is generated.Dan started Armada after recognizing a significant shift in data generation to the edge and the inadequate response of centralized clouds to the demands of heavy data producers in sectors like oil and gas and manufacturing.In today’s episode, Dan discusses the origin story of Armada and its strategic partnership with Starlink, which allows it to extend its edge computing capabilities to remote locations. We also discuss:The impact of edge computingArmada’s product suite and roadmapBridging the digital divideBuilding a business with SpaceXAnd much more…This episode is brought to you by the Italian Trade Agency (ITA). • Chapters •00:00 Intro & ITA Ad01:11 What is Armada and why did you start the company?02:33 Adding hardware capabilities04:34 What is edge computing?07:00 75% of all data will be generated at the edge10:12 Serving remote corners of the world11:22 What kind of efficiency will edge computing be able to make?14:06 Armada x Starlink16:59 How did Armada build their relationship with Starlink?18:51 How did you convince SpaceX to work with you?20:30 Without Starlink, can Armada still be successful?22:11 Armada’s product suite25:41 Creating demand for 3rd parties in the marketplace28:11 The Galleon30:44 Customer traction, targeting, and product in the field32:58 Armada's smallest but still relevant customer34:18 The competitive landscape36:13 Extreme testing for Galleon38:45 Capital raising41:38 What keeps Dan up at night43:17 Galleons but in space?44:47 10 year vision46:04 Dan's opinion on Starship's next flight test50:40 What does Dan do for fun? • Show notes •Armada’s website — www.armada.aiDan’s socials — https://twitter.com/danwrightSFMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspace Pathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on Wednesdays You can sign up for all of our publications here: https://payloadspace.com/subscribe/

This week, we bring you our second installment of Pathfinder’s special podcast series on the State of the Space Industry. As a reminder, you’ll hear from two members of Payload’s editorial staff on key trends, exclusive interviews, and insights shaping the industry.Today’s episode explores EO & SatCom, featuring Payload’s Research Director, Jack Kuhr, and Lead Reporter, Rachael Zisk. Highlights from the discussion include:EOEO market dynamics in 2023Public EO companies’ trajectoryVC inclinations and startup viability in EOSpeculating on SpaceX's emerging EO ambitionsThe realities of commercial demandSatComThe SatCom market in 2023The impact of the Ukraine warExploration of direct to cell innovationsSpaceX’s strategic movesInvestor sentiment and edge computing in SatComThis episode is brought to you by the Italian Trade Agency (ITA). Be sure to check out the Italian Pavilion  in South Hall (Booth 603) during Space Symposium! • Chapters •00:00 Intro & ITA Ad01:22 Jack's background02:21 Earth Observation market in 202304:41 State of the public EO06:23 Major fundraisers in 202307:51 EO startups securing venture capital14:20 Spire and BlackSky16:19 SpaceX and EO18:59 Consolidation in the EO market22:37 Rachel’s background23:30 Satcom in 202324:51 Ukraine & SatCom26:45 Direct to cell technology28:51 Starlink’s impact33:22 Edge computing35:30 Investing in SatCom39:47 FCC and regulations42:17 Predictions for SatCom in 2024 • Show notes •Jack’s socials — https://twitter.com/JackKuhrRachael’s socials — https://twitter.com/RachaelZiskMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspace Pathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/