Mining asteroids with AstroForge CEO Matthew Gialich | E1736
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 5 May 2023
⏱️ 46 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
AstroForge CEO Matthew Gialich joins Jason to discuss his startup’s lofty goal of mining Platinum Group Metals from asteroids (1:11). They discuss the recent launch of their Brokkr-1 space vehicle, the company’s road map to gather PGMs successfully from space, and SpaceX’s impact on the space industry (5:42). Then, Founder University’s Kelly Schricker gives a presentation on how to set up a fundraising process for your startup (31:51).
(0:00) AstroForge’s Matthew Gialich joins JasonÂ
(1:11) The purpose of mining asteroids
(5:42) Brokkr-1 mission
(10:38) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(12:09) AstroForge’s roadmap
(16:07) Unit economics of hardware-based businesses
(17:38) Scaling Virgin Orbit and Virgin Galactic
(20:51) Pilot - Get 20% off the first 6 months at https://pilot.com/twist
(22:20) The evolution of the space economyÂ
(30:43) Crowdbotics - Get a free scoping session for your next big app idea at http://crowdbotics.com/twist
(31:51) How to set up a fundraising process
FOLLOW Matt: https://twitter.com/MattGialich
FOLLOW Kelly: https://twitter.com/KSchricks
FOLLOW Jason: https://linktr.ee/calacanis
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Transcript
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| 0:00.0 | And none of this would have been possible if SpaceX hadn't figured out how to do what they do. |
| 0:03.5 | Absolutely not. Let's be honest about this. Elon led the way here. He showed that, you know, |
| 0:07.2 | if he got the money for building Falcon 1 through Falcon 9 and Dragon that there was a huge kind |
| 0:11.8 | of pot of gold at the end of that rainbow, and this really allowed VC to open up to say, |
| 0:16.8 | holy s**t, these companies can actually exist in their possible. |
| 0:20.2 | This week in startups is brought to you by Squarespace. Turn your idea into a new website. |
| 0:26.7 | Go to squarespace.com slash twist for a free trial. When you're ready to launch, |
| 0:32.0 | use offer code twist to save 10% off your first purchase of a website or domain. |
| 0:37.2 | Pilot. Grow your business sustainably and operate more effectively. Pilot provides the most |
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| 0:50.4 | twist and get 20% off the first six months. And crowdbottix. Great ideas can change the world. |
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| 1:03.7 | your next big app idea at crowdbottix.com slash twist. |
| 1:11.2 | Hey everybody. Welcome back to this week in startups today. Got a really interesting |
| 1:16.7 | interview lined up view. Today's guest is Matt Gullich and he is with the company called |
| 1:22.0 | Astroforge. Does Astroforge do? Well, they're using SpaceX's ride sharing program to get into space |
| 1:31.6 | and launch devices that will be able to mine asteroids. And just two weeks ago Astroforge sent |
| 1:38.5 | its first vehicle into space, the broker one vehicle. Here's what it looks like for those of you |
| 1:44.0 | watching. Looks like two solar rays with a box in the middle. And we'll get into what it does in a |
| 1:50.1 | moment. But first, let's welcome Matt to the program. Hey Matt. Hey Jason, thanks for having me on. |
| 1:56.8 | All right. Why should we be trying to mine asteroids? What are on asteroids? That's not here on |
| 2:04.4 | planet Earth. What's the point? Specifically, we are starting out first with what are called the |
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