LONG BEACH, Calif. — The question of how to strengthen the U.S. space industry’s weakened supply chain, which has been battered over the past two years by the global COVID-19 pandemic, was the subject of a panel discussion at the Space Tech Expo last week. The answers boiled down to the Pentagon adopting an agile approach to developing and acquiring technology, and reversing a decades-old trend by industry of outsourcing manufacturing abroad.
PALO ALTO, Calif. & BANGALORE, India (Pixxel PR) — Pixxel, a leader in cutting-edge earth-imaging technology, announced a $25 million Series A led by Radical Ventures, a Toronto-based firm known for investing in entrepreneurs that use artificial intelligence to transform massive industries. Additional participation in Pixxel’s Series A comes from Jordan Noone, Seraphim Space Investment Trust Plc, Lightspeed Partners, Blume Ventures, and Sparta LLC. The new funding enables Pixxel to expedite production of the world’s highest resolution hyperspectral satellite constellation and to offer industry AI-powered insights that discover, solve, and predict climate issues at a fraction of traditional satellite costs.
MALIBU, Calif., Oct. 13, 2021 (Embedded Ventures PR) — Embedded Ventures, a new venture capital firm investing in dual-use space startups beyond launch, today announced an unprecedented multi-year agreement with United States Space Force (USSF)’s SpaceWERX office. SpaceWERX is expanding the space industrial base by forming collaborative research agreements between the military’s operational experts and the top innovators in industry and academia, leveraging commercial investment, and rapidly pursuing new space technologies, while setting ambitious goals since its creation.
One of the lesser known aspects of SpaceX’s rise to the top of the space industry is how the company has seeded other companies with experienced personnel.
Throughout its existence, SpaceX has had fairly high employee turnover. People work at Elon Musk’s company and move on for reasons ranging from being fired or laid off to getting burned out from long hours to becoming frustrated over relatively low pay to simply wanting to do something else.