Saturday, October 13, 2018

Space Sector Growing

Isotherm Energy recently completed aerospace consulting contracts for several customers. The projects involved systems engineering and design review support related to spacecraft fluid and propulsion systems.
NASA Lunar Gateway spacecaft concept (source: NASA)

The global space economy is currently valued at about $350 billion USD, and has been growing at 6-8% CAGR for the past decade. Projected annual growth rate is expected to continue at about the same clip (7%). [1]

While government and communications have predominantly driven past growth, new markets such as commercial human spaceflight are expected to play an expanded role going forward. Demand for experienced engineering support will also grow as a result.

[1] Source: SpaceNews, 2018

Matt Moran is the Managing Member at Moran Innovation, and previous Managing Partner at Isotherm Energy. He's been developing power and propulsion systems since 1982. Matt was also the Sector Manager for Energy & Materials in his last position at NASA where he worked for 31 years. He's been involved in seven technology based start-ups; and provided R&D and engineering support to many industrial, government and research organizations.  More about Matt here