Let’s talk SpaceTech; our Advisor Matthias Spott on SpaceTech and Innovation
Published on Jul. 2, 2024
by Lisa Niggli
At InnoQube Switzerland, we are passionate about the potential of space exploration and its profound implications for the future. Our partnership with LEOconomy Holding GmbH, leveraging their extensive global network, marks a significant step in our commitment to advancing SpaceTech. With our newest vertical in SpaceTech we signifie our dedication to pushing the boundaries of what’s possible.
To gain deeper insights into the current state and future of space technology, we interviewed Matthias Spott, Founder and CEO of LEOconomy Holding GmbH, a leading aerospace engineer, executive, entrepreneur, and advisor to InnoQube Switzerland. Here’s a glimpse into his journey and his perspectives on the ever-evolving field of space technology.
A Journey of Innovation
Q: Could you share a bit about your professional journey?
A: I am an aerospace engineer, executive, and entrepreneur. After studying aerospace engineering and working in large corporations and consulting firms, I “disrupted” myself in 2014. I went to Silicon Valley to learn all about the upcoming NewSpace movement and founded my first company in the field of satellite communications. Over time, I founded more companies and started investing in space technology companies in Europe and the US.
The Spark of Interest
Q: What initially sparked your interest in space technology, and how did you pursue a career in this field?
A: For me, aerospace is much more than “rocket science.” It is an industry with relevance and importance, combining cutting-edge technologies with economic and societal impact. This is true for established industries and even more so for NewSpace.
The Current State of Space Technology
Space technology is an integral part of our daily lives, even if we may not always realize it. According to Matthias, the impact of space extends far beyond the realm of rockets and satellites. “Space is already part of everyone’s daily life, and we just can’t imagine a day without it,” Spott explains. “Just think of your smartphone and the applications we use, communications, navigation and location-based services, maps, weather forecasts, to name a few.”
However, the influence of space technology goes much deeper. Spott explains that space is turning into a full-fledged industry that can support itself. This change includes many activities, such as extracting raw materials, processing them, manufacturing, servicing, and operations. These diverse applications show how strategically important space technology is for our societies. Spott emphasizes that everyone should be involved in this growing industry. “Space is becoming a self-sustaining industry,” he says. “That’s why it’s important for our societies to be part of it, not just leave it to billionaires and autocrats. We need to create a space ecosystem that follows our European values. It’s about importance, prosperity, and independence.”
In short, space technology is everywhere in our daily lives and has the potential to boost our economy and society in the future. The growth of this industry is not just about new technology but also about making sure it matches our values and benefits everyone.
Living and Working in Space
Q: Are humans going to live, eat, and work in Space someday?
A: Absolutely, yes. And I am not just talking about space tourism. It is much more than that because as we build space-based infrastructures and move towards a self-sustaining space economy, we will need people to work and live there, even though a lot of it will be automated. We will see whole new job profiles emerge. So, we’re going to have to redefine access to space, space stations, habitats – just to name a few.
Recent Advancements in Space Technology
When asked about recent advancements or breakthroughs in space technology, Matthias Spott highlighted an exciting development from POLARIS Spaceplanes, a company based in Bremen, Northern Germany. Spott, who is an investor in POLARIS, shared that they are pioneering the future of space transportation.
POLARIS Spaceplanes are developing horizontal take-off and landing space planes that will function just like today’s airlines, operating from regular airports. These space planes will be 100% reusable and capable of carrying cargo and passengers up and down. This innovation will significantly lower the barriers to space travel and offer sovereign access to space for many countries. Additionally, it will play a crucial role in enabling a space and lunar economy. Spott pointed out that while rockets rely on technologies that are 70-80 years old and serve as a one-way street, spaceplanes represent an entirely new technology curve, bringing fresh possibilities to space exploration and transportation.
Conclusion
Matthias Spott’s insights highlight the transformative potential of space technology and its expanding role in our daily lives and future economies. At InnoQube Switzerland, we are excited to be at the forefront of this revolution, working alongside visionaries like Matthias to shape the future of space exploration. As we continue to push the boundaries of what’s possible, we remain committed to fostering an ecosystem that upholds our values and drives innovation for a better tomorrow.
Contact us at info@innoqube.swiss for more information.
Interviewed by Lisa Niggli, Communications Manager at InnoQube Switzerland
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