Transcript
Maria Varmazas (0:01)
You're listening to the N2K space network.
Araz Faizi (0:10)
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Maria Varmazas (1:13)
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.
