SPACE 2.0 – Australian start-ups making an impact through innovation
The international space industry is rapidly changing. The old system, with large, slow, cautious, aerospace companies that are ruled over by a mountain of paperwork, is being disrupted by smaller, faster, bolder start-up companies.
This is SPACE 2.0
SPACE 1.0 was how the space industry has worked since the 1950s. It took us to the moon and it flew the space shuttle. It was funded by governments and was very slow and very, very, expensive.
Australian start-ups are well-placed to be SPACE 2.0 leaders.
We need Australians to invest in this space revolution,
so our start-ups can stay in Australia.
An avalanche of new space technologies are entering the market or gaining funding, many of them considered the stuff of science fiction only a decade ago. There is now very good reason for sci-fi fans to have real hope that some of their dreams will be realised within their lifetimes.
Exciting projects such as off-planet resource mining and manufacturing are now considered commercially feasible and are attracting serious investment.
SPACE 2.0 is agile, responsive, risk-taking and far less expensive than SPACE 1.0. It combines the very competitive business world of Venture Capital and Silicon Valley, with out-of-the-box thinking inspired by the wild space frontier.
There is a SPACE 2.0 ecosystem developing in Australia. It is made up of start-ups; some of whom have secured a first round of funding. There are also many more that have revolutionary ideas that just need some investment to allow them to become a reality.
So what do these Australia space start-ups do?
Some Australian Space 2.0 Start-ups
The first Australian Space Technology Company to receive backing from Venture Capital was the Adelaide-based Fleet Space Technologies. Fleet currently uses an existing constellation of microsatellites to, amongst other things, enable farmers to monitor remote equipment from their homestead.
In 2017, Fleet received a $5M investment from venture capital, and currently employs 20 electronic and aerospace engineers. They have big plans. At present Fleet is purchasing two of their own nano-satellites (which weigh about 5 kg) for an on-orbit demonstration of their service. These satellites will be launched overseas, as currently there are no satellite launch services in Australia.
Fleet has commenced the design of a next-generation satellite that will be larger and have more capability. They will need significant further investment to bring their plans to life.
Inovor Technologies is an Adelaide-based start-up that designs and manufactures small satellites. As described in last week’s article, they designed and built one of Australia’s nanosats that was released in 2017 from the International Space Station.
Inovor currently employs 14 highly-specialised engineers and has growth plans to build some of the 6000 small satellites predicted by Euroconsult to be launched over the next 10 years. To do this they will need capital. To ensure that design and manufacture remains in Australia, this funding must come from Australians.
Hypersonix - an Australian Space 2.0 start-up with a difference
Our Hypersonix start-up is part of the Australian SPACE 2.0 ecosystem. We aim to be the launcher of choice for international and Australian small satellite companies like Fleet, launching from Australia.
While there are many Australian SPACE 2.0 startups, Hypersonix is one of only a couple of companies aiming to create an Australian domestic space launch capability.
To do this, we need capital.
Hypersonix is one of only a couple of companies creating an Australian space launch capability
We want Australia to be a cutting-edge, forward-looking nation at the frontline of the space revolution, enjoying its lucrative rewards. There is currently a massive expansion in access to space, so it's vital that we do it in a sustainable way. We have the technology that will allow greater reusability, cleaner fuel, and eventually, safer and cheaper space travel.
At Hypersonix, we are investigating all possible funding opportunities; from government support, to venture capital, and also private investors.
Right now, we are asking for your support as private donors to get off the ground (pardon the pun). Your support could be large or small; it will all get us closer to launch.
To find out more, contact us now.