• Building the Space Industry's Tow Truck | Luc Piguet @ ClearSpace

  • Jan 31 2025
  • Length: 57 mins
  • Podcast

Building the Space Industry's Tow Truck | Luc Piguet @ ClearSpace

  • Summary

  • Luc Piguet is the co-founder and CEO of ClearSpace, a pioneering company developing technology to capture and remove satellites from orbit, making space more sustainable.In this episode of Rockets & Radars, Luc shares the journey from a research project at EPFL to winning an €86 million ESA mission, making ClearSpace the first European company to attempt satellite removal from orbit.Get intro to Luc: https://brdg.app/s/l5odpn-----------------------------------------------Timestamps

    (00:00) The Need for Space Debris Management

    (03:10) ClearSpace: A Vision for the Future

    (06:03) Challenges in the Space Industry

    (08:58) Public Interest and Policy Changes

    (11:55) The Origins of ClearSpace

    (15:05) Building a Business Model for Space Cleanup

    (17:58) The Role of ESA and Initial Funding

    (28:13) The Sacrifices of Startup Life

    30:10) Navigating the Challenges of Fundraising

    (32:12) Strategic Timing and Market Readiness

    (34:35) Collaborative Innovation in Space Missions

    (36:30) Building a Competent Team

    (39:58) Securing the ESA Contract

    (41:01) Funding Strategies and Investor Relations

    (44:00) The Journey to Series A Funding

    (46:14) The European Space Landscape

    (49:21) Future Aspirations for ClearSpace

    (52:31) Rapid Fire Insights and Challenges for Founders-----------------------------------------------In this episode, we discuss:1. Space Sustainability: Why servicing capabilities are crucial for sustainable space operations2. Clear Space Origins: From EPFL research project to winning an 86 million euro ESA mission3. Team Building: Creating a weekend "Space Club" to attract top engineering talent before having funding4. Funding Journey: From ESA BIC support to raising 26 million euros in Series A5. Personal Sacrifices: Moving from lakeside apartment to two-bedroom flat with family of six6. ESA Contract Success: Securing major mission through strategic partnerships7. Market Timing: Anticipating policy changes around 2025-20268. Technical Innovation: Developing new approaches while working within ESA standards9. European Space Industry: Challenges and opportunities for deep-tech companies10. Future Vision: Plans to increase mission frequency from yearly to monthly launches

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