What does the future hold for the smallsat industry in 2021 and beyond?
Ten years ago “small satellites” were seen as a then emerging market. Today we can no longer call the small satellite market emerging. Quite the opposite, today’s small satellites are an industry that is growing exponentially necessitating the need for sound business and financial practices.
With a total of 773 Starlink satellites launched so far by SpaceX the total number of small satellites exceeded 1,100 in 2020. This breaks the record of 385 in 2019.
How much growth can come from small satellites and which segments and markets represent the greatest opportunities. What type/s of capacity and services will work. Importantly, how can small satellite companies stay relevant in increasingly competitive, but profitable markets. Top executives and consultants will elaborate on their current investments and development strategies in the present business environment.
Chris Baugh
Mr. Baugh serves as the President and Founder of Northern Sky Research (NSR), which he created in 2000 to provide independent, actionable market research and consulting services to the satellite industry. Mr. Baugh directs all NSR multi-client research reports and single-client consulting projects and manages a global team of analysts that stand at the forefront of satellite industry expertise.
Before forming NSR, Mr. Baugh served as Senior Analyst for Pioneer Consulting where he covered all aspects of the satellite market. Prior to Pioneer, Mr. Baugh was an International Trade Specialist and Economist for the U.S. Department of Commerce in Washington, DC. While at the Department of Commerce, Mr. Baugh was a recipient of the Charles F. Meissner Memorial Award for his work on trade negotiations in the International Trade Administration.
Mr. Baugh also has extensive legislative and analytical experience from his work for the Committee on International Relations and the Permanent Select Committee on Intelligence, both in the U.S. House of Representatives. Mr. Baugh holds a Bachelor’s Degree from Westminster College and a Master’s Degree in International Affairs from The George Washington University.
Carissa Christensen
Carissa Christensen is the Chief Executive Officer and founder of Bryce. She previously co-founded defense company The Tauri Group, acquired by LMI in 2019, and quantum computing software company QxBranch, acquired by Rigetti Computing in 2019. She is an active investor who serves on several early stage boards.
Ms. Christensen is an internationally recognized expert on R&D processes, technology forecasting, and the space industry. She is currently a member of the National Research Council Space Technology Industry-Government-University Roundtable, which advises NASA. She has served on the World Economic Forum Global Future Council since 2018. She is a Senior Advisor to the annual US Air Force Schriever Wargame. She serves on the Advisory Council of the Aerospace Corporation’s Center for Space Policy and Strategy.
She guest lectures at universities internationally, has testified before Congress on space markets, and speaks regularly at events, including the White House Frontiers Conference, and the Harvard Business School Dialogue. She publishes extensively and is often cited in publications including The New York Times, The Washington Post, Wired, Fortune, and Le Temps. She has also appeared in space documentaries by The Financial Times and Bloomberg.
Ms. Christensen is a graduate of Harvard University’s Kennedy School, where she specialized in science and technology policy. She attended the London School of Economics and was a Douglass Scholar at Rutgers University. She is a Fellow of the American Institute of Aeronautics and Astronautics.
Mike Collett
Mike Collett is Founder and Managing Partner of Promus Ventures in Chicago. Mike previously was Founder and Managing Partner of Masters Capital Nanotechnology Fund and also on the Technology Equity team with Masters Capital, a hedge fund. Mike was Vice President at Merrill Lynch in the M&A Group as well as an Associate in M&A Division with Duff & Phelps. Mike has invested in over 60 software/hardware startups and is currently on the board of Spire, Layer, Kurbo Health, Gauss Surgical, Dispatch, Enview, FirstLine, and Daylight Solutions. Mike received his BS in Math and a BA in English from Vanderbilt University and an MBA from Washington University in St. Louis. Mike and his wife Paige have four children and live in Chicago.
Dr. Ward Hanson
Ward Hanson analyzes the economics and marketing of new technology. Other areas of interest include the role of competition, policy issues involving the evolving role of interactivity, optimal product line pricing, and the emergence of the commercial space industry. As a pioneer in studying the commercialization and impact of the Internet, he has published research articles, a leading text, and created online courses on Internet marketing. He has served as an expert witness in areas of patent validity, e-commerce, Internet advertising, and industry analysis. He has recently published a number of articles on the economics of new space and serves on the editorial board of the New Space journal.
Dr. Hanson has taught at Stanford since 1995, first at the Stanford Graduate School of Business, then at the Department of Economics and the Public Policy program as part of the Stanford Institute for Economic Policy Research (SIEPR). Previous faculty positions include Purdue University and the University of Chicago. He has a Ph.D. in Economics from Stanford University.
Fred Kennedy
Jeff Matthews
Jeff is a specialist leader at Deloitte Consulting LLP with more than 18 years of private and public sector experience focused on finance, enterprise architecture transformation, technology commercialization, and market strategy. Currently, he is a leader in Deloitte’s Government & Public Sector Space Industry practice where he provides subject matter expertise on commercial space technology trends, industry strategies, and launch systems economics.
Before joining Deloitte, Jeff served as the director of venture strategy and research for the Space Frontier Foundation where he was also a board member. His previous experience as an advisor in $600M+ of venture capital raises for early stage technology companies, commercializing government technologies, and deep insight into the commercial space market allows him to bring a unique perspective to government and commercial clients. Jeff has contributed expertise and analysis on the space industry to Reuters, Forbes, NBC News, Discovery News, The Wharton School, the Open Group, and the American Institute of Aeronautics and Astronautics (AIAA).