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Closing Bell

Manifest Space: Space AI with Slingshot CEO Melanie Strickland 3/10/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 March 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Morgan speaks with Slingshot Aerospace co-founder & CEO Melanie Strickland and the company’s work in tracking satellites and risk assessment. They discuss generative artificial intelligence, space traffic and diversity efforts in the sector. For more Manifest Space, listen and follow here: https://link.chtbl.com/manifestspace Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

As a girl, Melanie Strickland was obsessed with the night sky.

0:05.0

At 10 years old, she would log the satellite she spotted and write letters to NASA.

0:09.0

Today, her startup slingshot aerospace tracks thousands of objects in orbit and using that data assesses risk.

0:16.9

A risk that will only rise.

0:19.3

Whenever I retired from the Air Force in 2017 to start this company. We were tracking about

0:24.2

1800 active satellites. By 2020, there were almost 4,000 and now we're sitting in

0:32.0

2023 with over 10,000. By the end of the decade, we're looking at a 100,000 active satellites on orbit.

0:41.0

And the investment continues to rise even in these economic downturn so that

0:46.6

could even go higher than a hundred thousand but look we've got 300 million

0:50.2

pieces of debris on orbit in this this episode, Slingshot CEO and

0:54.0

co-founder discusses the VC-backed startup, generative AI since space is

0:58.6

poised to become an early use case, and even diversity efforts as March represents Women's History Month.

1:05.0

I'm Morgan Brennan and this is Manifest Space.

1:09.0

So I think let's just start a little bit with what slingshot is and what the

1:17.5

solution you're bringing to the space industry is. Yeah certainly I think it's

1:21.6

undeniable the fact that our human race has really become highly dependent on space and with that high dependency also comes vulnerability because in fact the digital infrastructure necessary to hold

1:36.7

everything that's going up on orbit in the space revolution hasn't really kept up with that advancement.

1:45.7

And so what we do here at Slingshot Aerospace

1:48.6

is we are a space sustainability company.

1:51.3

We really are here to ensure that our customers who fly in those

1:56.4

orbital regimes across defense, commercial, and civil agencies are able to

2:02.1

understand where they are in relation to risk on orbit and that

...

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