How Max Polyakov's Contribution To The NewSpace Impacted The Industry

Covid-19 has increased the space industries' expectations, and this article is about Dr. Max Polyakov's contribution to the new space.

The situation of Covid-19 could not break the space industries and agencies even though the budget has been reduced significantly at the start of 2020. Still, the number of launches was decent, filling the gap in this lockdown crisis. These launches have tied the space agencies' partnership with the space industries even more assertive on the bright side. Endeavors like SpaceX and OneWeb are focusing more on the upcoming quarter, which is the third quarter in 2020, and the investments are concentrated in a more incredible amount. The number might reach up to 3 billion USD. Here is what Mr. Max Polyakov has to say.

The Alignment

A crucial planetary alignment occurs once every 26 months has resulted in the space agencies to target the moon and mars this summer. Agencies like NASA, UAESA, and China national space administration had taken advantage of this alignment to deploy the rover and an orbiter towards the red planet.

Despite all COVID 19 challenges, NASA has launched the Artemis program. Based on that, the lunar exploration necessity arises for which NASA has secured a 628 million dollars fund for human landing systems, which are supposed to include the rovers and spacecraft to transport over the surface. Whereas during October 2, stages of Firefly Aerospace rocket were supposed to be launched whose function was to have the highest payloads with the lowest costs. But due to the COVID issues, the launch was postponed. It was supposed to be held in early 2020. However, the Firefly CEO still has a positive response as the setback was not for a longer duration of time.

A Fresh Start

Companies like Rocket lab did not have a good start as its thirteenth launch malfunctioned on the orbital way. However, the CEO of the company intends to learn from the previous mistake and rectify it onwards. This positive response led to a successful fourteenth launch in late august. A few companies, such as OneWeb, Vector Launch, which was already having a hard time before 2020, were pushed to its limits during the COVID19 and lockdown. This problem for OneWeb seemed to be sorted out as two investors, with a total of 1 billion USD, planned to invest in this company.

To avoid such troubles, Dr. Max Polyakov, founder of Noosphere ventures, suggested a company to be full fledged rather than focusing on only a single product. He said that only focusing on one single area can significantly impact, and one would have to pay for it. Also, Max Polyakov has been very vocal about his support for the cloud-based testing and cross-channel optimization solution so that the brand can improve its revenue. 

Conclusion

Not everything turned out to be right even for the launches due to the effect of the imposed lockdown. Without any vaccine, many multinational companies are suffering from delays and extreme termination as well. But it is believed that the post-pandemic period shall bring a new era for the companies, which would lead the first step to the red planet and transportation on the moon.