This Week in Startups

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

May 9, 2024

59:53

Snipd AI

Space tech expert Ian Cinnamon joins investor Mark Suster to discuss the booming space industry, cost changes for satellites, Apex's launch, and the importance of LA in building their startup. They delve into the impact of reduced satellite costs on startups, Max's manufacturing expertise, and the evolution of satellite technology.

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Podcast summary created with Snipd AI

Quick takeaways

Apex Space revolutionizes satellite launches by reducing time and cost significantly.

Los Angeles emerges as a key hub for space innovation, fostering a dynamic ecosystem for startups.

Apex Space focuses on standardizing satellite bus platforms to drive down launch costs and democratize space access.

Deep dives

Revolutionizing Access to Space with Affordable Satellites

Launching a satellite into space has historically been a complex and expensive endeavor, with estimates of three years and $50 million for the first launch. However, a new company achieved this feat in just 12 months, under $10 million, revolutionizing the industry. This significant reduction in time and cost challenges the traditional norms of satellite launch missions, paving the way for more accessible space exploration.

Introduction

3min

The Space Startup Surge in Los Angeles

4min

Evolution of a Tech Entrepreneur's Journey into the Space Industry

5min

Max and Satellite Component Manufacturing

7min

Evolution of Satellite Launches and the Impact of Reduced Costs

3min

Evolution and Challenges in Satellite Technology

7min

Exploring Solar Power and the Role of Payload Companies in Space Tech

2min

Milestone in Space: Launching Our First Satellite Bus Platform

5min

Exploring Investments in Space Tech Companies

19min

10.

Growth Plans and Hiring Strategy

6min

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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.

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

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