Neil here.

Not too long ago, the idea of going to outer space was something reserved for sci-fi novels and the Jetsons.

But 2021 has ushered in the age of commercial space travel… And between companies like Virgin Galactic, SpaceX, and Blue Origin, space tourism is an activity set to become even more accessible over just the next decade. We’ve already seen it this year…

Earlier in the summer, billionaires Jeff Bezos and Richard Branson launched into space, and this week, billionaire Jared Issacman (and three other civilians) will make the journey.

But there’s a problem. As space travel becomes more frequent, we’re also facing a massive threat to our national security and safety – one that could be catastrophic if we don’t do something to fix it right away. I’m talking about space junk (or, orbital debris).

As we speak, NASA is tracking more than 27,000 pieces of orbital debris circling Earth’s atmosphere, made up of items like old satellites, spacecraft parts, and more.

Some of these pieces are only around the size of a softball – but given that they travel at almost 18,000 miles per hour, even a small piece of space junk could do serious damage to any satellite or spacecraft currently in orbit.

And that’s just what NASA can track. There are hundreds of millions of orbital debris pieces around one millimeter or larger that still pose a similar threat – but that are difficult to pick up on any currently available tracking devices.

The consequences of damage to one or more of our satellites could change our way of life forever. Satellites are what allow us to watch television, access the internet, track severe weather events, navigate aircrafts, use our credit cards, and more. And as the number of satellites orbiting Earth continues to grow dramatically every year – Elon Musk, for example, plans to launch a whopping 42,000 from SpaceX alone – the need to clear a safe path has become more necessary than ever.

That’s what got me interested in Launchspace Technologies Corporation, a startup raising right now on Netcapital with a minimum investment of $100.26.

They’re developing Low Earth Orbit (LEO) sensors that can detect, track, and remove orbital debris for government, civil, and commercial customers.

Amazingly, these sensors can track debris smaller than what NASA is currently able to detect. And with technology that unique, it’s no surprise Launchspace has already penned contracts with some of the biggest names in the space game.

Launchspace has signed a contract with Airbus, a multinational aerospace company, to test its tech on one of the International Space Station platforms. Airbus has contributed $5.24 million to the project.

They’ve also signed a NASA Space Act Agreement, where NASA will design customized materials for Launchspace’s products. Additionally, they’ve developed strategic relationships with the Pentagon, the Space Force, and the ISS National Lab (which awarded Launchspace a $214,500 grant for their mission). Ultimately, Launchspace plans to expand to commercial sector sales as space travel becomes more popular.

These kinds of partnerships are what really piqued my interest about this startup. One of the most solid indicators of a startup company’s growth potential lies with their network – and a company with the right combination of connections in its corner is in a much better position to succeed.

In Launchspace’s case, they’ve got the government on their side, with plans to expand into the commercial sector. But companies can use more than just the government to get a clear leg up in the startup game. For me, any startup that attracts the attention of a major corporation, government organization, or even celebrity endorser has a clearer path to success than most.

And these startups can come from any sector. In fact, one of the coolest startups I’ve seen in a long time comes from the world of digital gaming tech.

They’re in talks with (or have already penned exclusive licensing deals with) massive names like Disney, Hasbro, LucasFilm, Mattel, and more. They even have one of the world’s most famous primetime TV stars on their board as a celebrity investor and advisor.

Better yet – like Launchspace, this company has developed a produc that doesn’t currently exist in its market yet. That makes these guys a prime acquisition target for a larger company (think Netflix or Amazon Prime) looking to get their hands on new technology that will give them a leg up in the fierce streaming service competition.

Learn all about this company by clicking here, and I’ll be back soon with another update.

Until next time,

Neil Patel