Space Telescope Business
We are designing and building the first commercial space telescope. This satellite will generate significant revenue as soon as it is launched, addressing both the astronomical and Earth observation markets. We plan to build and launch many more satellites for these markets as well as other markets. We want to be the largest provider of on-demand space telescope services, so that everyone can afford access to powerful multi-purpose space telescopes for personal, educational, and commercial use.
Waypoint Space Telescope
We will leverage our space telescope technologies to extend into asteroid mining and exponential space manufacturing businesses. Pushing the frontier has always led to prosperity and new innovations. Our asteroid mining plan is much different from other asteroid mining companies who plan to mine water. Rather than water, we are focused on mining metal. An entire manufacturing industry, leading up to Exponential Space Manufacturing, can be constructed in space using asteroid metal. The first mission in our exponential space manufacturing plan is to send a satellite to a metal asteroid, mine and refine metal at the asteroid, and return material back to Earth. We believe that the returned material could be valuable enough to pay for the cost of the mission.
Our spacecraft engineering director and also a co-founder of SpaceFab.US, is Sean League. He is an astrophysicist, an optical networking engineer, and is experienced in observatory and telescope sales and design. He has worked at nLight on anti-missle laser systems, and at MCI Worldcom and Nortel on optical networking.
Our Journey So Far
Letter from Randy Chung to Potential Investors
August 17, 2017
My first job after graduating from college was working on a communications satellite, but I spent most of my career designing computer chips. Throughout my career, I've seen the changes in the electronics and semiconductor industries, starting with the advent of six transistor radios from Sony, on to computer processor chips from Intel, and now smartphones from Apple. The innovation has been amazing. Transistors started out costing five dollars each, and now you can buy an Arduino computer board with 5 billion transistors for the same five dollars. The exponential growth in processing power along with the exponential reduction in electronics cost has revolutionized our lives. In space technology, we are at a point similar to that of the six transistor radio. We've come a long way, yet we can go much farther, much faster.
Let's talk about building things for space. The industry currently doesn't manufacture anything in space. Instead, we manufacture on the ground and then launch into space. That greatly limits what we can build, because everything has to fit on top of a rocket. When we look at the International Space Station, it's a Tetris puzzle of rocket pieces. Once we are able to manufacture in space, we can start building structures as large or larger than the International Space Station. This opens the realm to construction projects such as power satellites and habitats for astronauts.
At Spacefab.US, our long term plan is to build tools which can make bigger tools and progressively build machinery for factories to make finished goods useful in space. Our asteroid mining and manufacturing approach is to focus on metal asteroids, because metal is necessary to build an industrial base in space.
The raw metal at a metal asteroid is essentially free, and can be used with a minimum amount of refining to make all kinds of manufacturing tooling. As space manufacturing capacity grows exponentially, the cost of space manufacturing will go down exponentially, just as it has happened with the semiconductor industry. The exponential cost reduction over time means that it will be less expensive to manufacture most things in space than to manufacture them on Earth.
The first step in implementing our big audacious goal is with a space telescope satellite business, because all the technologies we use for space telescopes can also be used for our space manufacturing satellites. This allows us to develop and refine our technology while bringing in revenue. All investors will receive time on our space telescope satellite to take beautiful pictures of the Earth or stars and galaxies. This time can be for yourself or the time can be donated to your favorite school.
When we are excited by a scalable idea, we often say "the sky's the limit". We have taken this to the next level and live by "the sky is unlimited!" We are calling on space enthusiasts around the world to invest in the future of SpaceFab.US, to invest in an exciting future for all mankind.
- Randy Chung