This Week in Startups

Mining asteroids with AstroForge CEO Matthew Gialich | E1736

May 5, 2023

Matthew Gialich, CEO of AstroForge, shares his vision of mining platinum group metals from asteroids, highlighting the capabilities of their newly launched Brokkr-1 vehicle. He delves into the roadmap for success in space mining and discusses the significant influence of SpaceX on this burgeoning industry. Also joining the conversation is Kelly Schricker, who offers invaluable insights on effective fundraising strategies for startups, emphasizing the importance of building strong investor relationships and crafting targeted outreach plans.

45:42

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Episode guests

Kelly Schricker

Matthew Gialich

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Episode notes

Intro

2min

Asteroid Mining: Unlocking Cosmic Resources

7min

Asteroid Mining Innovations and Entrepreneurial Tools

5min

Challenges and Opportunities in Asteroid Mining

5min

Challenges and Innovations in Space Ventures

6min

Harnessing the Space Economy for Rapid Innovation

4min

Efficient Fundraising and Innovative Approaches

4min

Strategic Investor Outreach and Relationship Management

12min

AstroForge CEO Matthew Gialich joins Jason to discuss his startup’s lofty goal of mining Platinum Group Metals from asteroids (1:11). They discuss the recent launch of their Brokkr-1 space vehicle, the company’s road map to gather PGMs successfully from space, and SpaceX’s impact on the space industry (5:42). Then, Founder University’s Kelly Schricker gives a presentation on how to set up a fundraising process for your startup (31:51).

(0:00) AstroForge’s Matthew Gialich joins Jason

(1:11) The purpose of mining asteroids

(5:42) Brokkr-1 mission

(10:38) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(12:09) AstroForge’s roadmap

(16:07) Unit economics of hardware-based businesses

(17:38) Scaling Virgin Orbit and Virgin Galactic

(20:51) Pilot - Get 20% off the first 6 months at https://pilot.com/twist

(22:20) The evolution of the space economy

(30:43) Crowdbotics - Get a free scoping session for your next big app idea at http://crowdbotics.com/twist

(31:51) How to set up a fundraising process

FOLLOW Matt: https://twitter.com/MattGialich