SpaceX Founders Will Redefine Space Commerce With Microsatellites

Posted: Apr 27 2016, 7:26am CDT | by , in News | Latest Science News

SpaceX Founders Will Redefine Space Commerce With Microsatellites
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  • SpaceX inaugurates Vector Space Systems which will Change the Game of the Commercial Space Enterprise

SpaceX and its founding team members have inaugurated Vector Space Systems which will change the very game of the commercial space enterprise.

Vector Space Systems is being launched by SpaceX. Among the parent companies that are cooperating on lending this enterprise a boost may be included: Virgin Galactic, McDonnell Douglas, Sea Launch and of course SpaceX. This startup has amassed more the a million dollars at the outset via angel funding. The field of space commerce will be radically transformed thanks to this new scheme of things. Vector Systems will have the backing of several strong institutions and it will work its way up the ladder of progress.

It is much more than just another growth-oriented space company. It will link other startups with economical and reliable launch platforms. The costs for sending spacecraft into outer space will be pretty low. Until now, no such platform existed that not only made space travel dirtcheap but also enabled the various space agencies to come together under one rubric and cooperate for the good of the group. Finally, space technology will be made available to the average joe who could be able to afford space travel.

The walls between various forms of space technology will be broken down too. Applications of various systems in the field of space travel for commercial purposes will be a fact pretty soon thanks to this enterprise. The ultimate goal is the launch of microsatellites, that weigh less than 50 kg each, into the stratosphere. These will comprise the majority of satellites sent into space by the year 2020 which is less than half a decade away. Over 175 such gizmos were launched in 2015. This industry is a good supplement to the general repertoire of tasks and jobs engaged in by the space agencies.

Jim Cantrell, Vector Space Systems CEO and founding member of SpaceX: "I am truly honored and thrilled to be leading a team of industry veterans on such an important and pivotal space startup. We see innovation and value creation being the strongest in the Micro Satellite sector and Vector Space Systems will create a development platform that will foster this innovation and bring the reality of space to a much larger pool of entrepreneurs who don't need to be space experts. I am likewise honored to have such an influential group of seed investors who will bring much needed Silicon Valley DNA to the space business and will deeply influence our business, sales, marketing and product development strategies."

Shaun Coleman, Vector Space Systems Board Member and Investor: "Space need not be the realm of the elite, and privileged few any longer. Vector Space Systems was founded to break down those barriers by developing a platform to provide low cost and reliable access to orbit. I find Vector Space Systems to be similar in many ways to disruptive software technologies such as VMware, which saw the need to democratize and make more efficient the datacenter by allowing its customers to focus on applications and data, and not the underlying computer hardware. This innovative boundary breaking approach applied to space will enable startups and cost-conscious innovators alike to concentrate on what's most important – their unique applications. Today innovators may have to wait years to get their products to market and orbit; no longer. I look forward to being a part of this revolution of space shaping an environment that empowers the next generation of entrepreneurs."

Nick Karangelan, CEO of Trident Systems: "Space is an expanding economic frontier that is drawing the collective creativity and innovation of the commercial industries. What we need are technologies like those Vector Space Systems is bringing in order to lower the barrier of entry to space and to enable our technologies to fly and build profitable enterprises around the space technologies we possess. I'm investing in Vector Space Systems because it is the right team to make this happen and its technical approach is clearly heads and shoulders above the rest!"

Various heads of the space industry have lauded this bold attempt by SpaceX and other agencies as a miracle in the making. Space will not remain the mysterious entity it used to be once upon a time. One of them, Jim Cantrell, said that he was “truly honored and thrilled to be leading a team of industry veterans on such an important and pivotal space startup.” Another one said that “space need not be the realm of the elite and the privileged few any longer.” The race for space has hardly begun. The next step is to make it affordable and allow some degree of access to the planets for the sake of the common man on the street.

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The Author

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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