Mason Angel, a New Shepard astronaut and General Partner at Industrious Ventures, shares insights into investing in legacy industries like aerospace. He discusses his spaceflight experience, the impact of space tourism, key investment areas, and the future potential of space. The podcast delves into Mason's strategic vision, the state of space investment, and his journey in transforming industrial sectors through innovative technologies.

Ray Allensworth, Spacecraft Program Director at Firefly Aerospace, discusses Firefly's Blue Ghost lunar lander program, the importance of lunar exploration, challenges of moon landings, and potential future missions. They explore technical milestones, commercial opportunities on the moon, and the role of Firefly in supporting NASA's Artemis program.

Join Jed McCaleb and Max Haot as they discuss Vast's pioneering efforts in commercial space stations. Topics include economics, competition, military use, Launcher acquisition, and Haven One's launch. Explore Vast's product roadmap and the challenges of space station investment.

Former CTO of Maxar, Sid Dixit, discusses the impact of generative AI on satellite imagery analysis, the evolving demand for Earth observation data, the role of SpaceX in the LEO market, challenges and opportunities for Earth observation startups, and the future of satellite imagery quality. The conversation also covers investment strategies within the industry and promising Earth observation startups.

This week on Pathfinder, we’re joined by Sinead O’Sullivan, an economist and board member of the European Space Policy Institute. Sinead has had a unique career, from her early days in aerospace engineering in Northern Ireland to significant roles on Wall Street and at top academic institutions like Georgia Tech and Harvard. In her free time, she’s written about space, economics, wine, and even music for publications such as the Financial Times, Vogue, and The New Yorker—because who doesn't love a little light writing and high-profile journalism to unwind?Our discussion explores the intricate dynamics of public vs. private funding in the space industry and the challenges posed by venture capital and institutional investments. In addition, we discuss:Capital destruction in new technologiesThe importance of institutional capital…if the industry can maintain its growthThe future of space financingThis episode is brought to you by Epsilon3, a cloud-based platform that supports a wide range of operational procedures requiring extreme efficiency and control. Innovative teams at NASA, Blue Origin, Redwire, and Firefly Aerospace use it to plan, execute, and automate their most complex workflows. • Chapters •00:00 Intro & Epsilon ad01:16 Sinead's background07:56 Engineer or Economist?09:49 Sinead, the writer12:14 Public vs private funding sources20:00 The sustainability of current private-first funding mechanisms28:14 Role of DoD in supporting startups46:39 What will make institutional capital take the space industry seriously?55:31 Space financing in 10 years01:00 Irish modern art • Show notes •Sinead’s socials — https://twitter.com/SineadOS1Mo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

This week’s Pathfinder features Chris Taylor, CEO and founder of Aalyria, a Google spinout that specializes in advanced connectivity solutions. The company is developing what could be game changing free-space optics hardware and network orchestration software to meaningfully change communication speed and efficiency across air, space, land, and sea. It’s core products include:Tightbeam: An advanced free-space optics technology which uses coherent light (laser technology) to transmit data at high speeds over long distances without physical connections like cables.Spacetime: A SaaS platform that serves as a network management system that can control and direct data flows across different types of infrastructure, including satellites, ground stations, and other communication devices, effectively making each component a node in a larger network (think: traffic controller for communications). In this episode, we dissect:Free space optics 101Aalyria’s origins as a Google spinoutDeep dive on core technologies and challengesStrategic commercial applications • Chapters •00:00 Intro00:32 Chris's path to Aalyria02:15 What is Aalyria building?04:52 How do different space assets communicate with each other today?05:59 What is optical communication?07:58 The coherent light free space optics (FSO) program10:50 Why did Google sell their optical comms tech?12:56 Why is this so important?15:15 Benefits of Tightbeam over existing free space optics, coherent vs non-coherent space optics21:22 Customer profiles25:41 Real-world use case28:02 Use case in autonomous fleet navigation29:44 Fleet of autonomous taxis30:53 Size of Aalyria's addressable market35:34 Commercialization prospects38:32 Work with DIU (Defense Innovation Unit)40:01 Competitors42:25 Limits of technology44:22 Funding47:00 10-year vision50:34 What does Chris do for fun? • Show notes •Aalyria’s website — https://www.aalyria.com/Aalyria’s socials — https://twitter.com/AalyriaTechMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

The first single-stage-to-orbit (SSTO) space plane? That's exactly what we're discussing on this week’s Pathfinder podcast. We interview Livingston Holder, cofounder and CTO of Radian Aerospace, which is developing a fully reusable space plane designed for horizontal launch and landing.SSTO? Essentially, SSTO vehicles are designed to reach orbit using a single stage without discarding any hardware.We explore Livingston’s background as a former USAF astronaut as well as the Seattle-based startup’s roadmap to build the world’s first SSTO space transport vehicle. In addition, we cover:Radian’s technology advantageCultural and operational shifts in space missionsMarket positioning of SSTOFuture applications and impact on space opsAnd much more…This episode is brought to you by the Italian Trade Agency (ITA). • Chapters •00:00 Intro & ITA Ad02:12 Why space?04:45 The astronaut program06:06 Culture of NASA vs AF astronauts07:29 Life after the program09:24 Livingston's path to Radian12:39 What is Radian building?16:05 Unique take off18:17 Who designed the sled?19:36 Single-Stage-to-Orbit23:26 Nozzle extensions25:10 Why now?29:12 How Livingston met his cofounder33:19 Where is Radian today?38:19 First flight test projection39:23 Capabilities and market positioning43:19 Hypersonic travel47:32 Government and commercial traction49:41 Direct competitors52:15 How expensive is it to build Radian's spaceplanes?54:43 What does Livingston do for fun? • Show notes •Radian's website — https://www.radianaerospace.com/Radian's socials — https://twitter.com/RadianSpaceMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

Right on the heels of their $90M funding round, this week’s Pathfinder spotlights Varda and its cofounders, Will Bruey (CEO) and Delian Asparouhov (President). The LA-based startup harnesses microgravity for pharmaceutical development and manufacturing. In its latest mission, the company successfully processed ritonavir, a crucial antiviral drug utilized in HIV/AIDS treatment.In addition to Varda’s origin story and the Series B fundraise, Mo, Will, and Delian discuss:Varda’s commercialization strategyThe business case for in-space manufacturingThe significance of the W-1 missionAdapting to the regulatory environmentMicrogravity formulation optimizationAnd much more…This episode is brought to you by the Italian Trade Agency (ITA). • Chapters •00:00 Intro & ITA Ad01:21 Varda’s origin05:40 What are you building?08:17 What does space have to offer for manufacturing?12:00 The business case for space manufacturing18:02 What drugs have been improved in space?19:13 What happened to ZBLAN?20:54 R&D for manufacturing in space22:34 The W-1 mission29:05 Customer traction30:38 Where does Varda's business risk lie?38:22 Competitive landscape39:49 Potential partnerships42:48 Regulatory learnings45:30 The Series B46:57 Use cases beyond pharma48:19 Space stations55:35 Other companies Will is excited about57:22 Where would Delian invest his last space investment? • Show notes •Varda’s website — https://www.varda.com/The Return of Ritonavir Paper: https://www.varda.com/papers/1711063046-return-of-the-ritonavir-a-study-on-the-stability-of-pharmaceuticals-processed-in-orbit-and-returned-to-earth.pdfWill’s socials — https://twitter.com/WillBrueyDelian’s socials — https://twitter.com/zebulgarMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspace Pathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/

Dan Wright is no typical founder. With a formidable background at software powerhouses like AppDynamics and DataRobot, Dan has shifted his focus towards bridging the technological gap in edge computing with his latest venture, Armada. As the world’s first full-stack edge computing platform, Armada integrates computing and AI capabilities directly where data is generated.Dan started Armada after recognizing a significant shift in data generation to the edge and the inadequate response of centralized clouds to the demands of heavy data producers in sectors like oil and gas and manufacturing.In today’s episode, Dan discusses the origin story of Armada and its strategic partnership with Starlink, which allows it to extend its edge computing capabilities to remote locations. We also discuss:The impact of edge computingArmada’s product suite and roadmapBridging the digital divideBuilding a business with SpaceXAnd much more…This episode is brought to you by the Italian Trade Agency (ITA). • Chapters •00:00 Intro & ITA Ad01:11 What is Armada and why did you start the company?02:33 Adding hardware capabilities04:34 What is edge computing?07:00 75% of all data will be generated at the edge10:12 Serving remote corners of the world11:22 What kind of efficiency will edge computing be able to make?14:06 Armada x Starlink16:59 How did Armada build their relationship with Starlink?18:51 How did you convince SpaceX to work with you?20:30 Without Starlink, can Armada still be successful?22:11 Armada’s product suite25:41 Creating demand for 3rd parties in the marketplace28:11 The Galleon30:44 Customer traction, targeting, and product in the field32:58 Armada's smallest but still relevant customer34:18 The competitive landscape36:13 Extreme testing for Galleon38:45 Capital raising41:38 What keeps Dan up at night43:17 Galleons but in space?44:47 10 year vision46:04 Dan's opinion on Starship's next flight test50:40 What does Dan do for fun? • Show notes •Armada’s website — www.armada.aiDan’s socials — https://twitter.com/danwrightSFMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspace Pathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on Wednesdays You can sign up for all of our publications here: https://payloadspace.com/subscribe/

This week, we bring you our second installment of Pathfinder’s special podcast series on the State of the Space Industry. As a reminder, you’ll hear from two members of Payload’s editorial staff on key trends, exclusive interviews, and insights shaping the industry.Today’s episode explores EO & SatCom, featuring Payload’s Research Director, Jack Kuhr, and Lead Reporter, Rachael Zisk. Highlights from the discussion include:EOEO market dynamics in 2023Public EO companies’ trajectoryVC inclinations and startup viability in EOSpeculating on SpaceX's emerging EO ambitionsThe realities of commercial demandSatComThe SatCom market in 2023The impact of the Ukraine warExploration of direct to cell innovationsSpaceX’s strategic movesInvestor sentiment and edge computing in SatComThis episode is brought to you by the Italian Trade Agency (ITA). Be sure to check out the Italian Pavilion  in South Hall (Booth 603) during Space Symposium! • Chapters •00:00 Intro & ITA Ad01:22 Jack's background02:21 Earth Observation market in 202304:41 State of the public EO06:23 Major fundraisers in 202307:51 EO startups securing venture capital14:20 Spire and BlackSky16:19 SpaceX and EO18:59 Consolidation in the EO market22:37 Rachel’s background23:30 Satcom in 202324:51 Ukraine & SatCom26:45 Direct to cell technology28:51 Starlink’s impact33:22 Edge computing35:30 Investing in SatCom39:47 FCC and regulations42:17 Predictions for SatCom in 2024 • Show notes •Jack’s socials — https://twitter.com/JackKuhrRachael’s socials — https://twitter.com/RachaelZiskMo's socials — https://twitter.com/itsmoislamPayload’s socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspace Pathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We’re also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we’re a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece,  comes out on WednesdaysYou can sign up for all of our publications here: https://payloadspace.com/subscribe/