Today's Space Tech Boom with Apex's Ian Cinnamon and Mark Suster | E1946

19 snips

May 9, 2024

Guest

Mark Suster

Guest

Ian Cinnamon

Ian Cinnamon, co-founder and CEO of Apex Space, shares his journey in the satellite industry, highlighting the company’s efforts to innovate in satellite manufacturing in Los Angeles. He discusses the dramatic decrease in satellite launch costs and the implications for new startups. Guest host Mark Suster delves into the evolving landscape of space tech, emphasizing the critical role of commercial satellite infrastructure in everyday life. Together, they explore how Apex's achievements are paving the way for a space tech revolution.

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ANECDOTE

Apex's Rapid Launch

Apex launched its first satellite in 12 months for under $10 million, significantly faster and cheaper than the estimated 3 years and $50 million.
This achievement demonstrates the company's efficiency and commitment to rapid development.

INSIGHT

Space Tech Boom

The space industry is experiencing a surge in interest due to decreased launch costs and increased launch frequency.
This mirrors the rise of cloud computing, which lowered startup costs and led to more innovation.

INSIGHT

LA's Space Tech Ecosystem

Los Angeles offers unique advantages for space tech companies, including a dense talent pool from SpaceX, Caltech, JPL, and traditional aerospace firms.
The city also boasts a strong history in space exploration, with institutions like Hughes Aircraft and JPL.

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Todays show:

Ian Cinnamon joins guest host Mark Suster to discuss all things space tech; including: the importance of building Apex in L.A. (4:49), the drastic change in costs for satellites (16:03), their first Aries Satellite bus on it’s maiden voyage (30:29), and more!

Timestamps:

(0:00) Ian Cinnamon joins guest host Mark Suster.

(1:53) Why space is a hot sector right now with startups and investors.

(4:49) The importance of building Apex in L.A.

(6:44) Ian’s background and what brought him to the space industry.

(9:52) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

(11:13) Origin story and perfect fit with Apex co-founder Max Benassi.

(13:25) What Apex does and why Max’s manufacturing skillset matters.

(16:03) Cost of satellites then and now.

(19:55) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups

(21:25) Details about the sateliilite bus at Apex.

(23:43) The differences and business implications of LEO, MEO and GEO.

(29:15) Dot Tech Domains - Be sure to secure your .Tech domain today at https://get.tech/jason

(30:29) Their first Aries Satellite bus on it’s maiden voyage and a selfie from space.

(53:30) The current scale and expected growth at Apex.

(56:19) Competitions in the “space” space.

Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

Check out Apex: https://www.apexspace.com

Follow Ian:

X: https://twitter.com/IanCinnamon

LinkedIn: https://www.linkedin.com/in/iancinnamon/

Follow Mark:

X: https://twitter.com/msuster

LinkedIn: https://www.linkedin.com/in/marksuster/

Thank you to our partners:

(9:52) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at http://www.Squarespace.com/TWIST

(19:55) LinkedIn Ads - Get a $100 LinkedIn ad credit at http://www.linkedin.com/thisweekinstartups

(29:15) Dot Tech Domains - Be sure to secure your .Tech domain today at https://get.tech/jason

Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

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