'Billionaires in Space' Is Boring; 2022 Will See Entire Industries Go Galactic

Van Espahbodi
As co-founder and managing partner of Starburst, Van Espahbodi is championing today’s aerospace renaissance, uniting early-stage technology innovators with private investment to modernize infrastructure in mobility, communications and intelligence. Van launched Starburst in the US in 2015, operating globally today with offices in Los Angeles, Paris, Munich, San Francisco, Singapore, Tel Aviv, Abu Dhabi and Montreal. His team works alongside 500+ technology startups developing new aircraft, spacecraft, satellites, drones, sensors, autonomy, robotics and much more.
'Billionaires in Space' Is Boring; 2022 Will See Entire Industries Go Galactic
GeekWire Photo / Kevin Lisota

This last year was a watershed for the commercial space economy. An incredible amount of capital was invested in the new aerospace economy, surpassing the likes of legacy space heavyweights Boeing and Airbus. The year saw incredible financial exits from California-based companies Momentus, Planet, Rocket Lab and Astra, among others (Long Beach-based Virgin Orbit is set to go public in 2022). And it captured the public’s attention with billionaires floating in microgravity.


The ensuing media made instant celebrities of space-tech leaders and spurred investors across industries to begin considering how research and development in space could benefit them and their companies.

Commercial space players, now beholden to the public following the SPAC craze, will do their best to keep their promises and survive in a Wild West marketplace where only the best survive.

In 2022, space will bring yet unimagined benefits back to Earth and dramatically reshape other industries. In recent years, aerospace research has brought us civilization defining technologies like Internet, automated voice recognition and language translation, and GPS. 2022 will open a new chapter of consumer connectivity, introducing a DirectTV-meets-high-speed internet that will remove the physical barriers of work, inviting entrepreneurship by anyone, regardless of where they live. The boundaries of biotech and fiber-optic manufacturing will expand as manufacturing in space industrializes. And a new level of data analytics, once available only to powerful governments, will allow scientists and entrepreneurs to better observe Earth and unlock value for companies and individuals around the world.

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LA Tech ‘Moves’: Adtech Firm OpenX Lures New SVP, Getlabs and DISQO Tap New VPs

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

LA Tech ‘Moves’: Adtech Firm OpenX Lures New SVP, Getlabs and DISQO Tap New VPs
Photo by James Opas | Modified by Joshua Letona

“Moves,” our roundup of job changes in L.A. tech, is presented by Interchange.LA, dot.LA's recruiting and career platform connecting Southern California's most exciting companies with top tech talent. Create a free Interchange.LA profile here—and if you're looking for ways to supercharge your recruiting efforts, find out more about Interchange.LA's white-glove recruiting service by emailing Sharmineh O’Farrill Lewis (sharmineh@dot.la). Please send job changes and personnel moves to moves@dot.la.

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This Week in ‘Raises’: Miracle Miles Lands $100M, Fintech Startup Tapcheck Hauls $20M

Decerry Donato

Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

This Week in ‘Raises’: Miracle Miles Lands $100M, Fintech Startup Tapcheck Hauls $20M
Image by Joshua Letona

In this week’s edition of “Raises”: An L.A.-based footwear company closed $100 million to boost its expansion into the global market, while there were Series A raises for local fintech, biotech and space startups.

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