Chicago companies launch plans for business in outer space

Orbital Transports mentioned in the Chicago Tribune: [Hurst] wants Orbital Transports to eventually develop infrastructure in space — cosmic equivalents to earth’s roads, trains and bridges — to support continuing operations in the first 100 to 200 miles of space, called low-earth orbit, and beyond. That could mean mining ice from the lunar south pole or metals from asteroids near earth, … or delivering rocket fuel to spacecraft while they’re in orbit. “The entire goal is to really develop this infrastructure that will make it possible and in fact easier for people to travel and work and operate in space,”…

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Regional Roundup: Chicago aims to be space travel hub

Orbital Transports mentioned on STARTLAND: SpaceX may be the company people think of when it comes to finally plunking a flag into the red soil of Mars, but a Chicagoan David Hurst has other ideas. The serial entrepreneur has sky-high plans to help area startups get in on the ground floor of the “next trillion dollar industry.” Hurst aims to make Chicago a thriving hub for space innovation, beginning with the founding of Orbital Transports — a space tech design and engineering firm — and the non-profit NewSpace Chicago. Hurst already has onboarded a startup that is currently flight-testing recreational…

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Chicago…A Hub for Space Travel? This Entrepreneur Says Yes.

Orbital Transports mentioned on ChicagoInno: When you think about the future of commercial space travel and the possibility of long-term human presence in outer space, you think Elon Musk–and rightfully so. SpaceX has been one of the darlings of the tech world, making massive advancements in space innovation and collecting more than $1 billion in funding. But innovation in the space industry isn’t exleusive to SpaceX, nor is it limited to startups in Silicon Valley. The space industry is poised to be the “next trillion dollar industry,” and there’s a big opportunity for startups to get in on the ground floor, said…

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NewSpace Chicago Announces Business Plan Competition

NewSpace Chicago, an open community of space entrepreneurs in Chicago, announced they are holding a business plan competition (BPC) to encourage the development of commercial ventures in outer space.  The competition is focused on space-related and space-scalable business start-ups in and around the Chicagoland area.  The NewSpace Chicago BPC will be held from 9:00 to 12:00 on March 16, at 1871, a local high-tech incubator in downtown Chicago. Submissions will be accepted from February 2 until March 9.  Contestants will compete in a “shark-tank” style event, each having 15 minutes to present their business plan and answer questions before a…

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Pascal Rogiest talks about the satellite industry with NewSpace Chicago

The space entrepreneur networking group NewSpace Chicago recently hosted a conversation with Pascal Rogiest, recently VP of Mergers and Acquisitions of SES, S.A.  Pascal discussed current trends he sees in the communications satellite industry.  He encounters three main types of customers, private commercial companies, governments from European and developed nations, and governments from developing nations.  Typically, contracts with national governments have shorter periods than with commercial companies because of yearly budget cycles.  Developing nations are an important sector because having a satellite program is frequently a matter of national prestige for them. According to Pascal, SES has historically made about…

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NewSpace Chicago hosts conversation with Dylan Taylor

The space entrepreneur networking group NewSpace Chicago recently hosted a conversation with Dylan Taylor of the Space Angels Network.  Dylan talked about some of the opportunities for new start-up ventures in the space industry.  Space is a large and growing market and Space Angels Network is a leader in funding new aerospace ventures.  Reduced launch costs, miniaturization of technology, and standardization are bringing the space sector with in the reach of entrepreneurs.  SpaceWorks hs forecast over 2,000 new nanosatellite will be launched between 2014 and 2020.  We really appreciated Dylan’s comments about what he looks for when investing in new…

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NewSpace Chicago Promotes Commercial Space Ventures In Chicago

NewSpace Chicago announced its formation as an entrepreneurial community for the development of private companies commercializing outer space.  The organization seeks to promote Chicago as a center of excellence for new commercial space, space-related, and space-scalable ventures.  It welcomes participation by entrepreneurs, students, engineers, investors, and others who are interested in creating new commercial space ventures in and around Chicago. NASA’s Commercial Orbital Transportation Services program is motivating competition and innovation in the private sector to provide improved and cost-affordable launch services for crew and cargo.  This shift is enabling private companies to address space-related issues beyond launch services and…

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