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Investment in space tech is seen as essential to the survival of our species. As humans, our relentless pursuit of

Space Tech Development Key Principles and Best Practices

Space Tech Development: Key Principles and Best Practices

Investment in space tech is seen as essential to the survival of our species. As humans, our relentless pursuit of exploring the unknown universe has helped us excel towards space probes, miniaturisation of satellites, understanding of the way galaxies and stars are formed, and if there are people like us living across millions of Kepler planets. 

Investors regularly seek promising startups ready to explore this vast frontier of the unknown. With the recent privatisation trends of space travel, missions to the Moon and other planetary bodies, here are some key Space Tech Developments to watch during 2024.

Future Areas of Investment in Space Tech

Investments in the foundations of future space technology are critical to successful explorations and understanding of the outer rims. Here are some areas where space tech startups can use their creativity and scientific know-how to bring change:

  • Miniature satellites are a game changer with their low cost and rapid development cycles. They allow for experiments and data collection beyond our constellations while driving down costs. They are also vital to communication and internet services in remote areas.
  • Propulsion Systems like rockets, reusable launch vehicles and advanced engines with plasma or nuclear thermal propulsion will be prominent in future space explorations. Startups like ThrustMe are working on iodine and methane-based electric propulsion systems to promote sustainability. 
  • Spacecraft Designs linked to deep space probes, equipment transport vehicles, and two-stage configuration crafts are gaining momentum. While startups like Apex Spacecraft Manufacturing are working on ways to transport payloads in space, Obruta Space Solutions is developing autonomous and safe spacecraft docking systems for orbital logistics and debris removal.
  • Space Agriculture is being actively explored by NASA, private investors, and VCs. It is believed that a Martian base can help grow crops in a controlled environment, providing a durable food source for long-range missions. This high-risk technical hassle requires particular research and technologies to become viable. 
  • End-of-Life Satellite Debris Removal is another investment area in space tech that has gained momentum in recent years, with over 29,000 metric tons of payloads, rockets, and mission-related objects floating above Earth. Startups like Turion Space are working on droid spacecraft that use agnostic docking devices and vision sensors to detect space debris and deorbit them or collect space junk to bring back to Earth. 
  • Space Communication is vital for mission control and data transmission. Venture capitalists are early looking for intuitive operating systems and data transfer protocols that can make operations easy, more data-centric, reliable, and fast enough to receive data feeds instantly. 

Sustainable Practices: Environmental Considerations in Space Exploration

Space exploration should not happen at the expense of our sustainability and environment. Space tech investors are looking at ways to reduce energy waste and improve space exploration through efficient launch vehicles. Many venture capital funds actively partner with The United Nations Committee on the Peaceful Uses of Outer Space (COPUOS), The European Space Agency (ESA), the United States National Aeronautics and Space Administration (NASA), the Japan Aerospace Exploration Agency (JAXA), and other private organisations to ensure sustainable practices are applied.

A payload or satellite launch currently leads to soot, black carbon, alumina particles, nitrogen oxides, hydrochloric acid, water vapour, and chlorine. Green propellants based on methane, iodine, and hydrogen leave fewer residues behind and help protect our ozone layer from damage. Efforts by startup founders with a passion for space exploration are underway to develop robust technologies for reusable launch vehicles, debris mitigation and planetary protection to prevent contamination of celestial bodies. 

Although SpaceX has a considerable edge over reusable rockets, payload management, and possible space tourism, startup ventures and entrepreneurs are trying to develop small, scalable solutions that will revolutionise space exploration in the coming years.

Conclusion

Advancements and investments in space exploration are essential for our survival. However, looking for sustainable and environmentally friendly space tech developments is equally crucial. If you are a space tech entrepreneur with ideas that can change the trajectory of this planet, YouPitch Live will help you connect with the right space tech investors and venture capital funds to make your ideas a reality.