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Closing Bell

Manifest Space: Astro Angels with Space Capital Managing Partner Chad Anderson 10/31/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 31 October 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

As the general election broaches, what is the future of space policy? Investors see the space economy as a bipartisan issue, with gains to be made on either side. On this episode, Space Capital’s Chad Anderson joins Morgan Brennan to break down his space investing thesis, how China is moving at “breakneck speed”, and SpaceX.

Transcript

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0:00.0

What does the US presidential election mean for the future of space?

0:06.0

I think that a lot of people go through this sort of awakening, right?

0:10.0

Where they think that space is all about commercial space stations and space tourism and rocket

0:16.3

launches and things like that.

0:18.3

Like these emerging areas, apart from rocket launches, you know these emerging areas like lunar transportation

0:24.1

and space stations whatever that really makes up like 1% of what's going on.

0:29.6

Although it's like really fun to talk about right and it captures the imagination. The real opportunity is again

0:34.5

leveraging this satellite infrastructure for the benefit of terrestrial markets and life here on earth.

0:40.3

Chad Anderson is the founder and managing partner of venture firm Space Capital.

0:44.6

He, like others in the industry, sees the space economy as a bipartisan issue, one that both

0:49.4

candidates come to with a policy history already.

0:52.8

As Vice President, Kamla Harris is the current chair of the National Space Council,

0:56.6

advising President Biden on the implementation of space policy across the federal government.

1:01.2

That policy, though, has been on a path similar to that of the

1:03.7

previous administration when then President Trump revived the National Space Council

1:08.6

and tasked the Department of Defense withstanding up the Space Force. The topic first came up last week when Anderson and I shared a stage at the New York Stock

1:16.0

Exchange's second annual Space Summit.

1:18.9

Space Capital tracks quarterly investment flows into the sector, and after several years of sluggish activity

1:24.1

see signs of a rebound. We are in what you you know in space terms what you'd call

1:31.2

max-Q the period of maximum in space terms which you'd call max Q,

1:32.6

the period of maximum aerodynamic pressure

1:36.1

on the vehicle, that's sort of what we're feeling

...

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