This week's episode of The Prototype explores the booming space economy, advancements in quantum computing, and the need for innovative solutions like debris removal and energy storage for satellites.
In this week’s edition of The Prototype, we look at the growth of the space economy , a company making quantum integrated circuits, using blue light to make industrial chemicals and more. A significant amount of this increase was driven by SpaceX, which saw 134 launches last year, up from 96 the year before. Rocket Lab also expects more records to come: SpaceX is targeting between 175-180 launches in 2025. And the industry as a whole is expected to grow to about $1.
8 trillion by 2035 compared to about $630 billion in 2023. One big winner in space has been Starlink, which a Quilty Analytics report predicts will see over $2 billion in revenue in 2025 and nearly 8 million subscribers. What might the next big winners in space be? I recently talked to Robert Savage, head of markets strategy and insights at BNY Mellon. He sees big opportunities for energy storage to overcome limitations for current satellites, as well as debris removal–a solution requiring more urgency as more and more satellites are placed in orbit. “You have so much space debris that it’s a limiting factor to getting more satellites up there,” he said. “So you need a company to help clean up.” Of pretty much every computer you’ve ever used is a “complementary metal-oxide-semiconductor” better known as CMOS. This type of transistor is used in chips to regulate the flow of electricity, among other things. Quantum computers, though, often can’t use conventional components like CMOS because they have to operate at temperatures near absolute zero. This environment dramatically not only reduces the efficiency of normal electronics, but also the heat they dissipate can disrupt the delicate workings of quantum processors. As a result, “the input/output is a real bottleneck for quantum computing,” Himadri Majumdar told me
SPACE ECONOMY QUANTUM COMPUTING DEBRIS REMOVAL ENERGY STORAGE SATELITES
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