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What’s the current state of the new space market right now?

This post was written by: John Clifton

Joining us on episode 46 of The Tech That Connects Us was Sascha Deri CEO at bluShift Aerospace. Sascha joined Laurie Scott and Andrew Ball.

bluShift Aerospace, are an exciting New Space company aiming to not only drastically reduce the cost of space flight but also offer a much more environmentally friendly solution than any other launch provider out there at the moment.  

So what is the state of the New Space marketing currently? What’s happening and what’s coming to the market soon? Here’s what Sascha is currently seeing. 

“The market is taking off, there was some suppression of the market last year thanks to COVID, but that was for everybody. So with the nano and small sat launches that are occurring now they’re being owned by Space X, the majority of the small sats that are out there are theirs. But they are out there making it happen – so kudos to them. 

But there are also rocket companies left and right, in addition to launch specifics services like our own. But now those companies are looking at the possibility of also providing some payloads of their own because you’re sending stuff all that way, it isn’t a stretch to provide some of your services or at least some of your technologies. 

The market certainly didn’t grow as much as we wanted it to in the last year from what I saw. But Frost and Sullivan came up with a market report which said the market is looking strong and aiming to do 38 billion in just launches for small satellites to space by 2030. So that will remain a very strong industry. 

For us, the opportunities is not only that, but the population and corporations are looking to do things in a more earth responsible way. There’s a lot of focus on carbon footprints, there’s a lot of focus around transportation and electric vehicles and space transport is one of the last industries which hasn’t been touched by the ‘we should do things in a little more environmentally responsible way’. So what was cool for us as a small company launched in the United States was when we first launched a rocket using bio drive fuel we’d then see articles pop up in spacenews.com and other places then the dialogue started to change to ‘Hey space companies, you should be doing something that’s a little bit more earth-friendly.’ 

So our next launch will be off the coast of Maine, and we’ll be launching over the ocean, and in Maine, there’s a very strong fishing industry. So if your rocket has highly refined kerosene in it, or a nasty oxidizer what’s that going to do to the fisheries below? What is it doing to the ecosystem below? So even if we ignore the climate change aspects, if that rocket is plunging to the ocean and it’s not always being retrieved or it’s leaking a bit what’s that going to do to the fisheries? With ours, we can safely say other than the kinetics we will not contaminate the ecosystem below. Of course with our orbital launches and first stages of our rocket engines we plan to fully recover them and then next year we’ll be doing the same with civil, academic and commercial rockets. But you know in the bad case that one does plummet into the ocean we feel very confident that it won’t affect the ecosystem below us, and we won’t have our local fisherman being mad at us. 

Every Wednesday we sit down with some of the biggest names in our industry, we dedicate our podcast to the stories of leaders in the technologies industries that bring us closer together. Follow the link here to see some of our latest episodes and don’t forget to subscribe.     

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