Space Tourism, Mergers, Debris and Other Space Tech Trends to Watch in 2022

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

Space Tourism, Mergers, Debris and Other Space Tech Trends to Watch in 2022
Meet the 10 Startups in Techstars' 2021 Space Accelerator Class

The past year has seen a rapid increase in space exploration, both by professional astronauts and those with enough money to afford a jaunt to the stars.

2021 may be remembered as the year wealthy travelers went to space in droves. The Who’s Who list includes Amazon exec Jeff Bezos, Virgin Galactic founder Richard Branson and millionaires Michael Strahan and William Schatner. But that likely won’t be the end of space tourism.

Viewing the “pale blue dot” of our planet (as Carl Sagan once described it) is a life-changing experience few typically get to have, and it can often change a person’s perspective of their home forever.


“I know a large number of astronauts and every one of them has told me that their view of our world changed the moment they looked back at the Earth,” said Bobby Braun, director of planetary science for NASA’s Pasadena-based Jet Propulsion Laboratory. “All of them have been impacted by this, and they come back with kind of a different view of our Earth and the fact that we're all in this together. I think that's a very positive force.”

As people continue to venture further into space, it will continue to shift the way the aerospace industry approaches working, playing, and maybe, eventually living among the cosmos.

Here’re a few trends to keep an eye on as the space industry accelerates next year.

Space Tourism’s Acceleration

Propelled by suborbital flights from Blue Origin, SpaceX and Virgin Galactic this year, interest in visiting space has skyrocketed.

The billionaires at the helm of these companies, including Jeff Bezos and Richard Branson, may have led the way this past year, but the trend won’t end there. It’s unlikely the average person will be able to travel to space anytime soon;– ’s the price tag for a Virgin Galactic flight into orbit was $50 million in August 2021.

In 2022, it won’t be just private firms looking to capitalize on space tourism. Some nations are already looking to offer trips. Russia, for instance, is asking $60 million per person for a ride to space on its Soyuz rockets.

While interest in space tourism grows, demand for adventures beyond the typical 10-minute sub-orbital trips will accelerate. Expect questions about the future of our species’ experience among the stars to come to the fore, including the big question: Could we eventually live there?

There’s long been talk of making space hotels, crafts that can house travelers in more glamorous conditions than the research-oriented International Space Station. Fontana-based Orbital Assembly is looking to finish a hotel in space by 2027.

Chief Operating Officer Tim Alatorre told dot.LA earlier this year that while we don’t have the ability to build large commercial structures in space yet, “there's no engineering reason for that. It's just a matter of will, and getting all the business and the commerce components in place to make it happen.”

Orbital Debris Will Become a Factor

What goes up must come down, eventually.

As private companies such as Musk’s satellite internet firm Starlink launch more satellites into space alongside a growing number of government launches, the final frontier will become even more crowded.

About 3,000 inactive satellites are still in space, the World Economic Forum reported in May.

Experts say there’s a chance that satellites (or the debris of one-time satellites) could create a greater hazard to essential systems such as GPS. It’s also a potential problem for the ISS crew, which could see missions jeopardized if the station were struck by a piece of debris.

As larger pieces of debris inevitably return to Earth, expect to see more instances of the panic that followed in May when huge pieces of a Chinese rocket landed off the Maldivian coast.

Braun said the JPL is keeping an eye on this, especially after the crew had to go into “shelter mode,” hiding in crew capsules for safety in November as a piece of a Russian anti-satellite weapon test went flying by.

“It's becoming more and more of a problem, because there have been both accidents and deliberate acts where people have proven that they could blow up something in low Earth orbit,” Braun said. When they do, he said, they create a dangerous “swarm of debris” that can just hurtle around the vacuum of space forever if left unchecked.

More Competition for ISS Missions

Missions to the International Space Station have been a cornerstone of NASA’s agenda, but it's been nearly 11 years since the final publicly funded Space Shuttle mission. Governments and private firms are now in a constant competition to out-bid each other for valuable ISS launch contracts.

SpaceX has been the main beneficiary of new contracts, ever since it swooped in to offer a much cheaper ticket to the ISS than the $90 million per-seat Russian rockets. That isn’t to say SpaceX can’t itself be outbid. Companies including Long Beach-based Relativity Space are 3D-printing rockets and quickly becoming a new favorite of the Space Force.

SpaceX doesn’t just carry crew members to the ISS; it will continue to deliver valuable resupply missions for the astronauts living there, and launched its final resupply mission of the year Dec. 21.

Expect More Mergers

A number of space companies went public in 2021, driven in part by a wave of special purpose acquisition mergers (SPACs) that allowed them to raise gobs of funding in a short amount of time. In 2022, that trend could accelerate for space companies, though there are headwinds that could put a damper on the practice.

Merging with a blank-check company to go public was a favorite tactic of tech firms, as it provides a faster route to IPO listing. SPAC deals also allow companies to list on exchanges with sometimes less financial scrutiny. Firms that aren’t yet profitable can still raise large sums by listing via SPAC. Take Astra, a rocket startup that hadn’t conducted a single successful launch by the time of its roughly $500 million SPAC IPO in February.

Rocket Lab went public in August via a SPAC that valued the 15-year-old company at $4.1 billion. The IPO raised at least $777 million for the company, much-needed capital to fuel the development of its newer, bigger rocket: the Neutron – as well as keep launching satellites on its existing reusable Electron rocket, which has launched 107 small satellites since 2017.

Virgin Orbit is planning an IPO through its SPAC in 2022, and it is expected to raise up to $483 million.

Other California-based companies that went public this year included Planet, which raised $500 million in December, and Momentus, which paid $7 million to the SEC to settle a case alleging it misled investors about its technology and national security concerns regarding the background of its founder. The SEC also hit Stable Road Acquisition Corp., the VC-backed blank check firm that merged with Momentus to take it public, with a $1 million fine.

SPAC Research data showed that by March 2021 U.S.-based SPACs raised $87.9 billion, exceeding the total raised in 2020. That number is expected to grow, though SEC Chairman Gary Gensler recently told NPR he plans to crack down on SPACs in the new year as part of a larger plan to regulate markets and “meme stocks.” If it becomes difficult for space startups to raise cash, they’re likely to need to rely on the venture capital market a bit more heavily.

Overall, 2021 was a banner year for the space industry, and it’s expected to grow even more in the coming year. As the industry expands and more private firms compete for valuable launch contracts, it’ll look to overcome long standing challenges that could slow down its rapid growth.

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The New Face of Live Shopping: Whatnot’s $5B Journey

🔦 Spotlight

Hello Los Angeles,

This week has been a challenging one for many in our city as we continue to face the aftermath of the recent wildfires. Recovery efforts are in full swing, and as always, the strength and resilience of our community shine through.

If you or someone you know has been impacted, there are resources available to help navigate this difficult time:

  • Pacific Palisades Fire Damage Maps: View here

These tools can provide support, whether you’re looking for financial assistance, housing resources, or updates on affected areas.

While our community focuses on recovery, we’re also reminded of what makes LA unique: its unrelenting drive to build, create, and innovate. A great example this week comes from Whatnot, the live shopping platform co-founded in 2019 by Grant LaFontaine and Logan Head, which has just achieved a major milestone.

Whatnot announced it raised $265 million in Series E funding, valuing the company at an impressive $5 billion.

For those unfamiliar, Whatnot combines shopping and entertainment through live-streamed auctions. Think of it as a vibrant, interactive marketplace where sellers showcase everything from trading cards and collectibles to fashion items, all in real time. Buyers can bid during the stream, creating a sense of excitement and connection that feels more personal than traditional online shopping.

The company’s new funding—co-led by Greycroft, DST Global, and Avra Capital—will drive expansion into markets like Australia and bring improvements to seller tools, from inventory management to advanced analytics. But what stands out most is Whatnot’s focus on its people. CEO Grant LaFontaine announced plans to buy back $72 million in shares for long-term employees, a move that underscores the company’s dedication to sharing its success.

As we move forward, let’s celebrate stories like these that show how innovation thrives in LA—even amid challenges. Whether it’s supporting wildfire recovery, building the next great startup, or simply connecting with others, we each play a role in shaping the spirit of our city.


🤝 Venture Deals

LA Companies

  • Phase Four, a leader in advanced in-space propulsion systems, announced the first close of its Series C funding round, securing nearly 60% of the target raise, led by Artemis Group Capital, to ramp up production of its Valkyrie Hall Effect Thrusters to at least 250 units annually and develop cutting-edge propulsion technologies for defense and national security needs. - learn more
  • Proper, a next-generation supplement brand launched by fitness entrepreneur Amanda Kloots, secured investment from Ben Bennett's Beauty Accelerator, The Center, to redefine the supplement industry with innovative, nutrient-focused wellness solutions tailored for modern lifestyles. - learn more
LA Venture Funds
  • Sound Ventures participated in a $17M funding round for Reshop, a platform simplifying the returns process for consumers and merchants, with plans to use the funds to enhance their technology and expand their services. - learn more
  • LFX Venture Partners participated in a $30M strategic funding round for Shippeo, a Paris-based company specializing in real-time multimodal supply chain transportation visibility; the funds will support Shippeo's global expansion, particularly across North America and the Asia-Pacific region. - learn more
  • Amboy Street Ventures participated in a $15M Series A+ funding round for Granata Bio, a biotechnology company focused on developing advanced gene therapies; the proceeds will be used to accelerate the development of their pipeline and expand their research capabilities. - learn more
  • BAM Ventures participated in a $700,000 seed funding round for MX Locker, an online marketplace for buying and selling motocross gear and parts; the company plans to use the proceeds to enhance its platform and expand its user base. - learn more
  • Crosscut Ventures participated in a $7.15M seed funding round for SoloPulse, an Atlanta-based company developing advanced radar technology; the funds will be used to enhance their product development and expand market reach. - learn more
  • Starburst Ventures participated in Loft Orbital’s $170M Series C funding round, bringing the San Francisco-based satellite infrastructure provider’s total capital raised to $280 million, with the funds aimed at accelerating their "condosat" missions to simplify and expand access to space. - learn more
  • Overture VC participated in a $100M Series B funding round for Harbinger, a Southern California-based electric vehicle company specializing in medium-duty EVs; the funds will be used to accelerate the production of their electric vehicle platforms. - learn more
  • Muse Capital and Time BioVentures participated in an $18M Series A funding round for Conceivable Life Sciences, a New York-based biotech company developing the world's first AI-powered automated IVF lab; the funds will support their ongoing commercial pilot program in Mexico City and preparations for a U.S. launch targeted for early 2026. - learn more
  • B Capital Group participated in a $25M Series B funding round for Labviva, a Boston-based AI-driven procurement platform for life sciences; the funds will be used to accelerate product development, enhance marketing and customer support, and expand internationally. - learn more
  • Focalpoint Partners participated in a seed funding round for Kerna Labs, a San Francisco-based AI biotechnology company focused on advancing mRNA payload design for new therapies, with the funds supporting operational expansion and development efforts. - learn more

LA Exits

  • Intracom Systems, a pioneer in software-based communication solutions, has been acquired by IPC, a global leader in trading communications technology, to enhance IPC's SaaS communications offerings for the financial services industry. - learn more
  • Adexa, a provider of advanced supply chain planning solutions, has been acquired by Eyelit Technologies to enhance its Manufacturing Operations Management (MOM) and Manufacturing Execution Systems (MES) offerings and expand its market presence. - learn more
  • Caramel, a platform specializing in simplifying online vehicle transactions, has been acquired by eBay to enhance its offerings for secure and streamlined automotive buying and selling experiences. - learn more
  • ImaginAb, a biotechnology company specializing in antibody-based imaging and therapeutic solutions, has been acquired by Telix Pharmaceuticals to expand its next-generation therapeutic assets and biologics technology platform. - learn more
  • Sleepypod, a global leader in crash-test-certified safety harnesses and carriers for pets, has been acquired by Paw Prosper to enhance its commitment to pet well-being and expand its portfolio of innovative pet safety solutions. - learn more

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Standing Together Through the Flames

🔦 Spotlight

To our Los Angeles family,

This week’s wildfires have brought immense pain and hardship to our beloved city. Many of our friends, neighbors, and colleagues have faced evacuations, power outages, and the devastating loss of homes and livelihoods. Our hearts go out to everyone affected by this tragedy.

At dot.LA, we want to express our deepest sympathy to those suffering in this moment. We see your resilience and stand with you during this challenging time. This community has always been defined by its strength and compassion, and now is the time to come together in support.

If You or Someone You Know Has Been Impacted, Resources Are Available:

Evacuation Shelters:

  • Calvary Community Church: 5495 Via Rocas, Westlake Village, CA 91362
  • Ritchie Valens Recreation Center: 10736 Laurel Canyon Blvd., Pacoima, CA 91331
  • Pan Pacific Recreational Center: 7600 Beverly Blvd., Los Angeles, CA 90036
  • Westwood Recreation Center: 1350 Sepulveda Blvd., Los Angeles, CA 90025
  • Pasadena Civic Auditorium: 300 East Green Street, Pasadena, CA 91101
  • Pomona Fairplex: 1101 W McKinley Ave, Pomona, CA 91768
  • Stoner Recreation Center: 1835 Stoner Ave, Los Angeles, CA 90025

Animal Shelters:

Small Animals:

  • Agoura Animal Care Center: 29525 Agoura Rd, Agoura Hills, CA 91301
  • Baldwin Park Animal Care Center: 4275 Elton St, Baldwin Park, CA 91706
  • Carson Animal Care Center: 216 W Victoria St, Gardena, CA 90248
  • Downey Animal Care Center: 11258 Garfield Ave, Downey, CA 90242
  • Lancaster Animal Care Center: 5210 W Ave I, Lancaster, CA 93536
  • Palmdale Animal Care Center: 38550 Sierra Hwy, Palmdale, CA 93550

Large Animals:

  • Pomona Fairplex: 1101 W McKinley Ave, Pomona
  • Industry Hills Expo: 16200 Temple Ave, City of Industry, CA 91744
  • Antelope Valley Fair: 2551 W Avenue H, Lancaster, CA 93536
  • Los Angeles Equestrian Center: 480 W Riverside Dr, Burbank, CA 91506
  • Pierce College Equestrian Center: 7100 El Rancho Dr, Woodland Hills, CA 91371

Disaster Relief Information:

  • LA County Assessor: Information for property owners and FAQs about disaster relief.

Mental Health Support:

  • Los Angeles County Department of Mental Health: Crisis counseling and support for those affected. Access services through their website or call their hotline at (800) 854-7771.

Temporary Housing Support:

  • Airbnb: In partnership with 211 LA, offering free temporary housing for displaced residents. Spaces are limited; complete the form to be notified of availability.

Transportation Support:

  • Uber: Use promo code WILDFIRE25 for 2 free rides up to $40 each to/from active shelters.
  • Lyft: Code CAFIRERELIEF25 offers 2 rides up to $25 each for up to 500 riders, valid until 1/15.
  • Metro: Fare collection is suspended systemwide.

Staying Informed:

  • Watch Duty App: Provides real-time wildfire tracking, evacuation warnings, and updates.
  • Los Angeles Fire Department Alerts: Visit their website for the latest information on fire status and safety guidelines.

Safety Precautions:

  • Ready, Set, Go!: Personal Wildfire Action Plan by the Los Angeles County Fire Department.

To those in our community who are volunteering, donating, or offering aid in any form—thank you. Your efforts embody the spirit of LA: strong, compassionate, and unstoppable.

At dot.LA, we’re committed to amplifying stories of resilience and support. If you’ve seen inspiring acts of kindness or have resources to share, please let us know. Together, we can shine a light on the incredible ways this community is stepping up during these trying times.

In the days ahead, let’s hold tight to the bonds that unite us and remember that we are stronger together. The fires may scar the land, but they cannot dim the collective spirit of Los Angeles.

We’re here for you, and we’re with you.

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    A Strong Finish to 2024 for LA Tech: Crosscut Ventures Leads the Way

    🔦 Spotlight

    Happy Friday LA!

    As we close the book on 2024, Los Angeles has had a remarkable year in tech and venture capital. From groundbreaking funding rounds to industry-defining innovations, the city’s tech ecosystem has showcased its ability to adapt and thrive. Among the year’s final highlights was the announcement that Crosscut Ventures, one of LA’s premier early-stage venture capital firms, has added Jon Ylvisaker as its newest Partner.

    Crosscut Ventures’ Bold New Direction

    Announced in late December, Jon Ylvisaker’s appointment reflects Crosscut Ventures’ commitment to advancing its focus on the energy transition. Ylvisaker brings decades of experience in driving investments in energy technologies and digital infrastructure. As the founding partner and managing director of Yield Capital Partners, he led investments in startups and established companies shaping the future of sustainability. At Wolfacre Global Management, a Tiger Management hedge fund, he further honed his expertise in supporting impactful climate-focused solutions.

    Brian Garrett, Managing Director and Co-Founder of Crosscut Ventures, said, “Jon's extensive experience in climate and digital infrastructure investments, coupled with his impressive track record of bringing groundbreaking technologies to market, makes him the ideal partner to help lead our focus.”

    Since its founding in 2008, Crosscut has played a key role in shaping LA’s tech landscape. Ylvisaker’s addition reinforces the firm’s commitment to addressing global challenges like energy transition and sustainability, further solidifying its leadership in venture capital innovation.

    What’s Next for LA Tech in 2025

    The momentum from 2024 has set the stage for an even bigger year ahead. Entrepreneurs, investors, and innovators in LA are poised to take on new challenges and create meaningful change across industries.

    As we step into 2025, we want to thank everyone who helped make 2024 such a standout year. Here’s to another year of progress, innovation, and success. From all of us at dot.LA, Happy New Year!

    🤝 Venture Deals

    LA Companies

    • First Resonance, a company specializing in digital manufacturing software through its ION Factory OS, has raised a $20M funding round led by Third Prime with participation from Blue Bear Capital and others. This brings its total funding to $36M and will be used to accelerate product development, grow its customer base, and enhance support for advanced manufacturing sectors like aerospace, robotics, and clean energy. - learn more
    LA Venture Funds
    • Finality Capital Partners led a $17M Seed funding round for ChainOpera AI, a California-based company developing blockchain networks for AI-powered agents and applications, to accelerate product development, expand its team and enhance its blockchain and AI integration capabilities. - learn more

    LA Exits

    • Thirteen Lune, an inclusive beauty e-commerce platform, has been acquired by SNR Capital, marking a significant milestone in the platform's mission to amplify underrepresented beauty brands while fueling its next stage of growth. - learn more
    • Ergobaby, a leading brand in juvenile products known for its high-quality baby carriers, has been acquired by Highlander Partners. The acquisition aims to bolster Ergobaby’s growth, expand its product offerings, and strengthen its position in the parenting solutions market. - learn more

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