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Closing Bell

Manifest Space: Capitalizing on Private Space Stations with Gravitics CEO Colin Doughan 8/22/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 22 August 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

A boom in private human spaceflight is on the horizon as more heavy-lift rockets come online. But at the ISS is set to retire in 2030, what is the future of space stations? Private players are stepping in to meet demand, with Gravitics, a Washington-based in-space infrastructure startup, a likely winner in the space. Founder & CEO Colin Doughan joins Morgan Brennan to discuss commercializing low-earth orbit, supplying hardware to commercial space stations, and its recent $125 million deal with Axiom Space.

Transcript

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0:00.0

Gravitics has big ambitions for building space stations.

0:06.0

Current generation modules for space stations are at about four meters in diameter.

0:10.0

These behind me are eight and as we get new launch capability coming online from like say the new

0:16.5

Glen vehicle that Jeff Bezos's company is building or Elon Musk's company building,

0:22.9

Starship, these new six and eight meter class vehicles

0:26.5

are coming online, opening up new masses to orbit

0:29.5

and expanded volumes.

0:31.8

So this unit should have about half the volume of the

0:35.4

International Space Station in just one of our units.

0:38.0

Grievitic CEO and founder Colin Dawn wants the three-year-old

0:41.6

startup to become the go-to hardware supplier for

0:43.8

companies developing in-space infrastructure. Recently, it in-25 million

0:49.0

dollar deal with Axiom Space to do just that. Make modules to expand Axiom's planned commercial space station.

0:55.0

We're kind of the developer to other people's operators or if you want the Boeing to other people's

1:00.4

United and Delta. We'll provide you the infrastructure hardware.

1:04.0

We will double down on those Cap-X investments

1:06.9

in our factory and give you turn key scalability

1:11.1

when you're ready to purchase them.

1:13.0

On this episode, the serial space entrepreneur on how Gravidix is positioning itself for a commercialized

1:18.1

low-Earth orbit and how the funding landscape has changed since Dawn started out in the space business.

1:24.5

I'm Morgan Brennan and this is Manifest Space.

1:27.5

Joining me now, Colin Dawn, the CEO and founder of Gravidix.

...

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