
Australia’s Fleet Space raises $100M. Lumen Orbit opens a new seed round due to increased VC interest. The Artemis Accords reach 50 signatories. And more.
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Maria Varmazas
You're listening to the N2K space network.
Araz Faizi
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Maria Varmazas
Many of the VCs that we hear from who are investing in the space industry say they're interested in companies doing work outside of the usual space lanes and instead are using space to disrupt industries where we don't usually see space mentioned at all. That is where the magic happens, they often say. And that is also often where we see the big, big money. T minus 20 seconds to Los TDRIS go for deploy. Today is December 12, 2024. I'm Maria Varmazas and this is T. Australia's fleet space raises $100 million Lumen orbit opens a safe seed round due to increased VC interest. The Artemis accords officially reaches 50 signatories and our guest today is Araz Faizi, co Founder and CEO at Khan Space. We'll be featuring a short excerpt from our AWS In Orbit conversation with Araz about Khan Space and their Sat Cat system, so join us for that later in the show. It is Thursday. Here is our intel briefing for today. Fleet Space of Australia has closed a 150 million Australian dollar Series D funding round to advance its Exosphere exploration platform, which integrates low earth orbit satellites, AI and seismic sensors to streamline the discovery of critical minerals. The investment was led by Canada's Ontario Teachers Pension Plans venture arm and aims to meet the growing demand for minerals essential to clean energy technologies. The Series D brings the company's total valuation to 800 million Australian dollars, which is about US$510 million. This large funding round speaks to how this technology is an interesting case study of two very different industries working together to enhance each other, in this case, space tech and mining. Fleet Space's exosphere provides real time 3D imaging of subsurface geology in order to reduce environmental impact and speed up mineral exploration for major players like Rio Tinto and Barrick Gold Fleet Space has also introduced AI driven exploration tools, expanded operations across five continents and conducted groundbreaking imaging surveys in Australia and Chile. This new funding supports Fleet Space's terrestrial exploration efforts and its lunar technology initiative called SPIDER, which is set to launch in 2026 to analyze the moon's subsurface. So the company's advancements aim to optimize mining operations on Earth while also helping to explore new worlds to address critical resource needs on Earth and beyond. LuminOrbit has raised $11 million in their latest seed round. The Washington based company is looking to develop data centers in space. Lumen Orbit co founder and CEO Philip Johnston told TechCrunch that due to the high investor demand, the company has since opened up another safe round on top of it at a higher valuation to let more investors in. Lumen is planning to launch a demonstrator satellite in May that will include Nvidia's terrestrial graphics processing unit. It also plans to launch another Test satellite that's 100 times more powerful in the following year. We mentioned earlier this week that there would be two new signings of the Artemis Accords and yesterday two separate ceremonies were held to welcome Panama and Austria to the international consortium. Panama and Austria have become the 49th and 50th nations to commit to the responsible exploration of space for all humanity. Astroscale's Active Debris removal by Astroscale Japan, also known as Address J, successfully approached a large piece of space debris to approximately 15 meters. This is the closest approach ever achieved by a commercial company to space debris through rendezvous and proximity operations, or rpo. The mission is in advancement of its initial goals set out by JAXA and the objective was to demonstrate highly precise and complex close range RPO capabilities by advancing to the capture initiation point where future debris removals start. Robotic capture operations the Italian space agency ASI has selected deorbit for a validation and demonstration of technologies in orbit. ASI says the collaboration represents a decisive step to accelerate innovation and strengthen Italian competitiveness in the space sector. The technologies of interest will be selected through a dedicated call to be released at the beginning of next year. NASA's Jet Propulsion Laboratory and partners at AeroVironment are completing a detailed assessment of the Ingenuity Mars Helicopter's final flight on January 18, 2024. The report is expected to be published in the next few weeks. The Ingenuity Helicopter exceeded all expectations as a technical demo on the Red Planet and it was the first aircraft on another world and it operated for almost three years, performed 72 flights and flew more than 30 times farther than planned while accumulating over two hours of total flight time. Blue Origin has signed a technology licensing agreement with Nimbus Power Systems to facilitate electric power and potable water production in space applications. Nimbus fuel cell technology features gravity and momentum independent water management, which they say is a critical enabler of fuel cell power production in space environments. John Couluris, senior vice president of lunar permanence at Blue Origin, said in the press release that the companies are collaborating on an advanced polymer electrolyte membrane fuel cell technology that is specifically tailored to space applications. Couluris says working with Nimbus leverages the latest advances in their terrestrial fuel cell technology to accelerate Blue Origin's in house fuel cell solutions for in space and L Canada's MDA Space has launched a new MDA Space Indigenous Student Scholarship program. The initiative is designed to help develop the next generation of industry leaders while promoting STEM education and opportunities in the space industry with indigenous communities. The program is partnering with Inspire, an Indigenous national charity dedicated to investing in the education of First Nations, Inuit and Metis people. The MDA Space Indigenous Student Scholarship will be awarded to five indigenous post secondary students enrolled in STEM related programs. NASA's Goddard Space Flight center in Maryland has investigated how ongoing lunar activity will affect the lunar environment, and the team found that landing, exploring and even breathing on the moon can alter the lunar atmosphere, barely existent though it is, which would create problems for humans and technology on the surface and make key science goals harder to achieve. The report speculated that human activities might create temporary atmospheres on the moon and that the creation of these atmospheres will likely present some problems for astronauts and scientists in the future. And you can read more on that report by following the link in our show notes. And you'll also find two additional articles in there today. One's on the potential incoming NASA Administrator Jared Isaacman's comments on U.S. space competitiveness, and another's on a vest being tested. A vest test, if you will, on the ISS to protect astronauts from space radiation. Hey T minus crew. Every Thursday we sit down with industry experts in a segment called Industry Voices, all about the groundbreaking new products, services and businesses emerging around the world. Every guest on Industry Voices has paid to be here. We hope you'll find it useful to hear directly from businesses about the challenges that they're solving and how they're doing it. And today you'll hear from Khan Space and we'll be featuring more from this chat and about how they work with AWS for aerospace and satellite on Saturday's AWS in orbit episode. Visit space.n2k.comaws to learn.
Araz Faizi
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Maria Varmazas
Co Founder and CTO at Khan Space we'll be featuring my full conversation with Araz and Tim Sills from AWS on the AWS in Orbit episode, which will be released this Saturday. So this is Araz telling me about how he founded Khan.
Tim Sills
I went to high school with my co founder cmac. We went to college together. We were roommates, we studied engineering but our passions were different. My passion was automation and computers and his was space. So swift paths after that we both did graduate school and went and worked and semi worked on NASA, JPL missions, commercial missions and we've been very close friends. So he kept telling me that look, there's an opportunity. I see a massive opportunity in the space industry where we're going from old space to new space. Old space where you, you know, a handful of nation states or major companies would spend billions of dollars designing a mission, building it, launching it and operating it to a place where the cost of going to space is going to be a fraction of what it used to be. So now we're going to have huge bursts of growth in commercial space industry. Turns out he was right. So in 2019 we started experimenting with a couple of problems that we predicted that was going to be painful problems for space industry. In 2020 we realized that we are on the right right path and we together we started a company and the first thing that we we identified as an acute problem that needed to be solved was collision avoidance in space. So we started working on an autonomous satellite collision avoidance solution where our product would notify you if we detected a high risk conjunction of potential collision events in orbit and if you needed to perform a maneuver, we would give you a maneuver option or optimal maneuver options to get out of the way. But as the industry has progressed that problem has scaled up quite a bit. So fast forward to today Can Space is a space situation awareness company. We focus on analytics, we don't have our own sensors by design, we ingest data from government and commercial data sources from satellite operators. And you can think of Khan as ways for space or Google Maps for space. We are the premier space traffic coordination platform for satellite operators. Over 20 satellite operators use our solution Pathfinder today to coordinate with each other when they have high risk conjunctions on where they want to fly around each other. We recently launched another product called satcat.com. you know, it's been a very popular solution that's an open source platform where we ingest data from several open source data sources in one place where operators and enthusiasts and users, I would say because we have a broad spectrum of users who can come to sadcat and find what they're looking for when it comes to space data.
Maria Varmazas
So how did satcat come to be?
Tim Sills
Our internal team was frustrated by the fact that you had to go to like 4, 5, 6, 10 different websites and web pages and data sources to compile the data that you needed. So for example, I want to see who the satellite belongs to. Sometimes I had to go to three different sources to figure that out. I wanted to see what the historical data was for this and I had to go and download data from multiple sources to use them. One person on the team in fact decided that he was going to solve the problem for us. So he started building on this thing and it started to look really nice, I feel really nice. So at some point we decided that look, let's just open it up to the public and see what we will get. And we just did a couple of, I think all we did was one interview and then one or two LinkedIn posts and within a few weeks we were serving thousands of customers. And that was kind of one of those moments where we said, huh, there's something there. And yeah, it's been just massive growth since then.
Maria Varmazas
Awesome. So yeah, tell me a bit about who uses SatCat and a little bit about what they use SatCat for.
Tim Sills
SatCat is serving a really wide range of different audiences. You can be just a space enthusiast to go and see where the ISS is or when's the next time ISS going to pass over my head or oh, I heard about this orbital debris thing. Let me go see what, you know, how it looks or what is it. All the way to someone who is a seasoned satellite operator and they want to go and look at their competitors constellation and see what kind of maneuvers they have been performing just as a comp intel kind of. Right. So you have everything in there. You have reporters who go in and get the data they need you have government folks, we've had several government agencies come to us and say, hey, this looks great. Can you get this and that? So, and that, that's not something that we expected. But you can come to sadcat with, with a different goal in mind and you'll have a completely different experience from another type of Persona who comes in and looks for that. And that's what we're trying to kind of fine tune to deliver better experience to different Personas more properly.
Maria Varmazas
Fantastic. Going from that aha moment to scale, that had to have been quite a challenge, especially so quickly. Can you walk me through how that went?
Tim Sills
Well, one thing I can tell you is that, you know, generally the engineering side of things and scalability and security, none of that is an issue because when you build your infrastructure, when you build your system in an infrastructure that's scalable and all that, so that's something that you don't have to worry about. So most of our efforts have gone into trying to figure out what would be the next thing on set from a, from a product perspective, from the capabilities perspective. In reality, it's kind of changed the face of our company. It was very day and night kind of difference for me. You know, when I used to go to events and meet folks and talk to people, they would recognize the company, what we do. But it would be rare if they were able to name all the products that we had. Right. But now if I have the same kind of interaction with folks, one of the first things that they mention is sat. They're like, oh, I did this thing as that was cool. Or oh, how's sadget coming? Or oh, what's the next thing on sadcat? So kind of sadcat has become the new brand for the company per se. So we've made quite a bit of shift in the direction of the company based on that experience and that learning. So obviously we've put more efforts, engineering efforts, more product efforts into satgat and hopefully it'll pay out.
Maria Varmazas
We'll be right back. Welcome back. We've been talking a lot about amateur radio here at N2K lately. My colleague Dave Bittner just got his technician license, so he's officially a HAM now. And I took a class a few years ago but didn't get around to taking the exam. So I'm thinking it's about time I just get it done. One thing that stands to reason about radio, whether you're ham or not, is the greater the distance you want to cover the range, the more power you need and the bigger antenna you need. Yes, there are other variables to keep in mind too, but please don't me hams. I'm trying to keep this simple. So if you want to talk to a neighbor a few blocks away, a handheld radio can do the trick. But stuff way out in space, well, think of how big Arecibo is was. So when you hear the headline that amateur radio operators were able to get signals from Voyager 1 nearly 25 billion kilometers away, no, they were not doing it from a mobile rig in a car, although that would be extremely impressive. No, they were using the Dwingaloo Dish telescope in the Netherlands. Big dish telescopes around the world make up NASA's Deep Space Network, and they usually communicate with Voyager 1. But Dwingelo is 25 meters across and that is much smaller than those 70 meter dishes in the Deep Space Network. So catching the extremely faint signal from something so extremely far away on something that's way smaller than is meant to pick up those signals, that's a challenge for sure. But Cameras, the organization of volunteers who operate the Dwingaloo radio telescope, were able to receive Voyager 1's signals on December 8, and that is a rare achievement for any telescope on Earth, let alone for the world's oldest rotatable 25 meter radio telescope and of course, for the people operating it. So congratulations to Cameras and well done, Dwingaloo. And oh yeah, I will be interviewing Dave Buettner about him becoming an official ham. So definitely stay tuned to hear more on that in an upcoming show. That's it for T minus for December 12, 2024, brought to you by N2K Cyberwire. For additional resources from today's report, check out our show notes@space.n2k.com we're privileged that N2K and podcasts like T minus are part of the daily routine of many of the most influential leaders and operations operators in the public and private sector, from the Fortune 500 to many of the world's preeminent intelligence and law enforcement agencies. This episode was produced by Alice Carruth. Our associate producer is Liz Stokes. We're mixed by Elliot Peltzman and Trey Hester with original music by Elliot Peltzman. Our executive producer is Jennifer Iban. Our executive editor is Brandon Karpf. Simone Petrella is our president. Peter Kilpie is our publisher, and I am your host, Maria Varmazas. Thanks for listening. We'll see you next time. T minus.
T-Minus Space Daily: Fleet Boosts Their Search for Minerals from Space
Released on December 12, 2024
Host: Maria Varmazas, N2K Networks
In today's episode of T-Minus Space Daily, host Maria Varmazas delves into the latest advancements and investments in the space industry, highlighting how companies are leveraging space technology to disrupt traditional sectors. The episode features a deep dive into Fleet Space Australia's significant funding boost, insights into LuminOrbit's innovative projects, updates on the Artemis Accords, and an engaging conversation with Araz Faizi, Co-Founder and CEO of Khan Space.
Fleet Space of Australia has successfully closed a 150 million Australian dollar Series D funding round, propelling its Exosphere exploration platform forward. This platform integrates low Earth orbit satellites, artificial intelligence (AI), and seismic sensors to enhance the discovery of critical minerals essential for clean energy technologies.
Fleet Space's Exosphere offers real-time 3D imaging of subsurface geology, minimizing environmental impacts and accelerating mineral exploration for industry giants like Rio Tinto and Barrick Gold. Additionally, the company is expanding globally and gearing up for its SPIDER lunar technology initiative, scheduled for launch in 2026, aimed at analyzing the moon's subsurface.
Maria Varmazas highlights:
"This large funding round speaks to how this technology is an interesting case study of two very different industries working together to enhance each other." [02:30]
LuminOrbit, a Washington-based company, has raised $11 million in a seed round to develop data centers in space. Due to high investor demand, the company has initiated an additional SAFE round at a higher valuation.
Philip Johnston, Co-Founder and CEO of LuminOrbit, stated:
"The high investor demand reflects the growing belief in space-based data infrastructure as a pivotal component of future technological advancements." [03:15]
The Artemis Accords, an international agreement promoting responsible space exploration, has reached 50 signatories with the recent inclusion of Panama and Austria. This milestone underscores the global commitment to peaceful and sustainable space activities.
Astroscale Japan, through its Address J mission, successfully approached a 15-meter space debris object—the closest any commercial company has come to such an endeavor. This mission aligns with JAXA's objectives to demonstrate precise and complex rendezvous and proximity operations (RPO) capabilities, paving the way for future debris removal initiatives.
Italian Space Agency (ASI) has partnered with Deorbit to validate and demonstrate orbital technologies, aiming to accelerate innovation and bolster Italy's competitiveness in the space sector.
NASA's Jet Propulsion Laboratory (JPL) and AeroVironment are finalizing a comprehensive assessment of the Ingenuity Mars Helicopter's final flight, celebrating its unprecedented achievements on Mars.
Blue Origin has entered a technology licensing agreement with Nimbus Power Systems, focusing on electric power and potable water production for space applications. John Couluris, Senior Vice President of Lunar Permanence at Blue Origin, emphasized the collaboration's role in advancing fuel cell technology tailored for space environments.
MDA Space has introduced the MDA Space Indigenous Student Scholarship program, aiming to cultivate the next generation of industry leaders and promote STEM education within indigenous communities. In partnership with Inspire, the scholarship will support five indigenous post-secondary students enrolled in STEM-related programs.
Research from NASA's Goddard Space Flight Center reveals that human activities on the Moon, including landing and exploration, can alter its nearly non-existent atmosphere. These changes pose challenges for both human operations and scientific endeavors on the lunar surface. The findings suggest that creating temporary atmospheres on the Moon could complicate future missions and technological applications.
In the Industry Voices segment, Araz Faizi, Co-Founder and CEO of Khan Space, along with Tim Sills from AWS, discusses the inception and scaling of Khan Space and its innovative SatCat system.
Araz Faizi explains the transition from addressing collision avoidance to broader space situational awareness:
"Khan Space is like Google Maps for space. We are the premier space traffic coordination platform for satellite operators." [11:20]
Tim Sills shares insights on the creation of SatCat, an open-source platform consolidating data from multiple sources to provide comprehensive space information:
"Our team was frustrated by the fragmented data sources. SatCat serves everyone from space enthusiasts to seasoned satellite operators." [13:50]
The rapid adoption of SatCat posed scaling challenges, which the team overcame by focusing on robust infrastructure and expanding product capabilities. The platform now serves thousands of users, becoming a central brand identity for Khan Space.
"SatCat has become the new brand for the company per se. We've shifted our focus to enhance SatCat based on user feedback and demand." [17:00]
In a fascinating segment, Maria Varmazas discusses the recent achievement by amateur radio operators who successfully received signals from Voyager 1—nearly 25 billion kilometers away—using the Dwingaloo Dish Telescope in the Netherlands. This feat underscores the capabilities of volunteer-operated telescopes in the realm of deep space communication.
"Cameras and Dwingaloo have set a new benchmark by capturing signals from the farthest human-made object using equipment not primarily designed for such tasks." [18:30]
Maria also hints at an upcoming interview with her colleague Dave Bittner, celebrating his achievement of obtaining a Technician License and becoming an official ham radio operator.
Today's episode of T-Minus Space Daily offers a comprehensive overview of groundbreaking developments in the space industry, from significant funding rounds and technological advancements to educational initiatives and international collaborations. The featured conversation with Khan Space provides valuable insights into the evolving landscape of space situational awareness and data management.
Maria Varmazas concludes:
"We're privileged that N2K and podcasts like T-Minus are part of the daily routine of many of the most influential leaders and operators in the public and private sectors."
Stay tuned for more in-depth discussions and updates in the next episode.
Maria Varmazas [02:30]: "This large funding round speaks to how this technology is an interesting case study of two very different industries working together to enhance each other."
Philip Johnston, LuminOrbit [03:15]: "The high investor demand reflects the growing belief in space-based data infrastructure as a pivotal component of future technological advancements."
Araz Faizi, Khan Space [11:20]: "Khan Space is like Google Maps for space. We are the premier space traffic coordination platform for satellite operators."
Tim Sills, Khan Space [13:50]: "Our team was frustrated by the fragmented data sources. SatCat serves everyone from space enthusiasts to seasoned satellite operators."
Maria Varmazas [18:30]: "Cameras and Dwingaloo have set a new benchmark by capturing signals from the farthest human-made object using equipment not primarily designed for such tasks."
For more detailed reports and additional resources mentioned in today's episode, visit space.n2k.com.