
This is software (AWS) generated transcription and it is not perfect.
Well, thank you for having me here today. Um, I, uh I've really been a big fan of entrepreneurship, and entrepreneurship has been very good to me, so I'm happy to help encourage other entrepreneurs. Um, how did I get to where I got to today? Uh, well, there was one funny story, Remember? Um, my first job out of college. I was working on its solar powered race car. And it was when the race across Australia 2000 and race and our car worked really well, it did, like, 50 miles an hour forever and ever just on sunlight alone. And I remember coming back, um, after this thing, and the car did way better than anyone thought it would. Dio remember my boss saying, Great job. The average raise that Hughes aircraft company is 5% but you're gonna get 6% next year. And I was kind of like, Wow, um, I want sort of an opportunity where my my reward is more tied Thio, you know? Yes, exactly. On Ben. How did we get how to get to this current company was in my fifth startup company and we actually started trying to do nuclear fusion, Um, which I don't know how much you know about it, but it's if you can do nuclear fusion. It's amazing. The fuel for nuclear fusion is like water, sea water. And you know, this much water can power. Like all of San Francisco for a month. It's just amazing. We confusion. But anyway, we did not succeed in reaching breakthrough energy level with nuclear fusion. Um, what? Ah, lot of the similar plasma physics for nuclear fusion is similar to what you use for creating a type of ion thruster for satellites. And so we said, Well, pivot and we started creating ion type of ion thruster called the Hall thruster for satellites. And that's how we sort of got Thio this and I'm actually aerospace engineer from from school and my bachelor's and master's from M I T. And Aerospace Engineering. Okay,
So our vision is to basically, um, provide propulsion for the majority of small satellites going up over the next 5 to 10 years. Um, there's a little bit of a renaissance in space right now. Um, in the past, uh, 60 years since Sputnik, there have been a total about 6000 satellites that have gone up in 60 years. Um, many projections for the next five years or 20 or 30,000 satellites. So five times many satellites in 1/10 the amount of time. Um, yes, I really renaissance in space. So, um, what we What our product does is basically it's very high performing. Um, hall thruster that one. Satellites, once satellites are in space, they need a way to maintain their orbit to raise their orbit from where they're dropped off by the launch vehicle to their final orbit. They need a way to de orbit. Andi need a way to potentially change their orbit to avoid collisions. Um, and we have, we believe, the most efficient, um, electric propulsion, uh, technology on the market
did. Um, we focused very much on, um, some of the biggest satellite constellations around a time. Um, Space six had announced they're gonna put up a large constellation of satellites and one web and announce they're gonna put up a large constellation satellites. So we basically we looked at their announcements. The number of satellites we're gonna put up the orbits, they were gonna put them up to A lot of times, they have to file with the FCC giving details on the mass of their satellite that the orbit they're going to and we designed our system around those constellations. Uh, one web, I think was going to be 600 satellites and and space six was gonna be 11,000 satellites. So we designed our system around those all those satellites, And then we approached each of them and said, We've got the best proposal system for you, and then a bunch of discussions happened, and that's where it started yet