![]() Even if some of these projects fail, there will still likely be tens of thousands more objects in space by the end of the decade. Of course, SpaceX is not the only company with plans to establish a megaconstellation in orbit. While only 9% of debris from that test is still in orbit, it posed the largest overall risk to Starlink satellites, the filing said. Of the 25,000 maneuvers, over 1,300 of those were to avoid debris generated from Russia’s November 2021 anti-satellite weapon demonstration test. The number of collision avoidance moves tracks alongside the growth of the Starlink constellation: For this most recent period, SpaceX reported adding 457 satellites to orbit. Nevertheless, this is double the number of avoidance maneuvers that Starlink satellites made in the previous reporting period. SpaceX’s satellites move when the probability of a collision is greater than 1 in 100,000, while NASA and other industry firms use a threshold of 1 in 10,000. The company explained that it uses a threshold for maneuvering that is “an order of magnitude” more stringent than industry standard. SpaceX’s orbital communication satellites performed maneuvers just over 25,000 times in the six-month period between December 1, 2022, and May 21, 2023, the company told the Federal Communications Commission in a recent filing. Plus, it’s interesting to decide to take on the additional investment risk of having outside investors, especially given today’s rough climate.Starlink satellites are making thousands of avoidance maneuvers as low Earth orbit becomes more crowded, feeding worries that a catastrophic impact is inevitable. ![]() While Suffolk Technologies isn’t the first fund with CVC roots to raise outside capital, it’s still uncommon. Chin said that once the portfolio started showing momentum, they departed from the usual CVC route and started raising external capital. “That was really the genesis of Suffolk Technologies, but we invested from 2019 onward as we tested out our investment thesis.”ĭuring that time, the company backed 30 companies. “We saw the potential, we saw the strategic value for us going in and decided to start investing in early 2019,” Chin told TechCrunch+. Jit Kee Chin, the fund’s co-founder and managing partner, said Suffolk Construction started investing off its balance sheet a few years ago after it began to notice a couple of trends: All of the interesting innovation in construction was coming from startups, and venture capitalists seemed eager to back those companies. While the fund shares some of its parent’s resources, like marketing, the firm mainly raised capital from external investors and is operating as a stand-alone fund. Suffolk Technologies this week launched its debut $110 million fund to back construction tech startups across stages. Suffolk Technologies, Boston-based construction giant Suffolk Construction’s new VC arm, hopes to offer its portfolio companies the best of both - and reap the benefits of both, too. ![]() While venture capitalists are better equipped to help startups land their next funding round or make their next hire, CVCs can ask their corporate overlords to serve as early product testers or customers. Suffolk Technologies wants to have its cake and eat it, too.Ĭorporate VCs and traditional investors help startups in different ways. ![]()
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