Where Will the Money Come from in Space Sustainability?

On the Space to Grow podcast, Astroscale’s Chris Blackerby and Charity Weeden bring their compelling experience and expertise to map out the technology, international policy, and scalability that will define the next generation of space exploration.

 

Space to Grow has an exciting episode featuring Astroscale CEO and Founder Nobu Okada. In this interview, Chris Blackerby and Charity Weeden talk to their boss and the man behind bringing awareness and industry to the space sustainability market.

Okada’s career didn’t begin in space, although space was certainly mesmerizing to him early. He traveled to the U.S. to attend Space Camp as a teen, something Weeden did, as well. The love story with space wouldn’t be a major part of his life for years. His career included work in Japan’s Ministry of Finance, as a consultant with McKinsey, and leading IT startups.

“The commercial role of space sustainability is coming, with awareness raised in the past few years” – Nobu Okada

Okada said starting Astroscale was a journey to do something different. He was looking for hot topics in space and found sustainability. He attended a global conference in April of 2013.
“No one had solutions or were taking any actions to clean up space.” So, he decided to hold that torch, founding Astroscale a week later. Since then, he’s raised over $191 million.

Raising money for any business is challenging, for space-related startups, maybe even more so because it’s not a quick return. Okada said, “Investors are simple and focused on ROI. The rules are making them feel secure, confident, and happy. We also carefully designed the terms and conditions for each series.”

Okada admits the very first series was a leap of faith for investors. “We had big passion, people, and no technology. At that point, people are investing in you.”

Since then, the company has proved the market is there. Still, it’s a slow process to transform space into a sector where commercialization is a bigger part of the picture. Now, the biggest customer for space-related solutions is government. Okada believes a turning point is coming. “We have to create the future, not wait for it. The commercial role of space sustainability is coming, with awareness raised in the past few years,” he noted.

Listen to Previous Episodes Here!

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

thaly palanisamy as new president
Stenograph, LLC Announces Thaly Palanisamy as New President
May 22, 2024

Stenograph, LLC is pleased to announce Thaly Palanisamy as president. In his role, Mr. Palanisamy will guide Stenograph in executing its strategic vision: Empowering the capture, preservation, and accessibility of verbatim records. “Thaly’s leadership skills, combined with the Stenograph strategy deployed by our talented team, will ensure success as we charter our course for the…

Read More
rightnow media
Excellence Culture – Brian Mosley
May 22, 2024

“I like your word excellence better than greatness, because you don’t have to sacrifice everything in order to be excellent” – Brian Mosley Those were the words of Brian Mosley (President of RightNow Media) as we discussed the balance of family and leading an organization that is impacting people all over the world. If you…

Read More
safety culture
Nurturing and Growing a Sustainable Safety Culture
May 22, 2024

Applied Digital champions a proactive approach to workplace safety, empowering employees to take ownership of their health and safety. This video showcases our open-door policy, which allows employees to easily connect with environmental health and safety (EH&S) professionals via phone, email, or a dedicated helpline for support in any situation. We also highlight our…

Read More
executive leadership commitment to safety
Applied Digital’s Executive Leadership Commitment to Safety
May 22, 2024

This video explores the profound impact of Applied Digital’s executive leadership view commitment to safety. It highlights the key initiatives led by senior executives to foster a culture where safety is paramount. A standout strategy is the incorporation of a ‘safety moment’ at the start of every meeting, designed to heighten safety awareness from…

Read More