BY TUSHAR MEHTA
The future of humankind’s space endeavors is promising, with various private agencies taking humans into outer space or planning to take humans into space soon. But besides taking humans for a glorified taxi ride in a craft that flies extra high, many space-tech companies have also been attracting investors, garnering roughly $7.7 billion in investments from venture capitalists in 2021 according to PitchBook — a number that has gone up 50% over the previous year.
Among the ventures that have intrigued investors is Inversion Space, a Torrance, California-based company that aims to utilize the Earth’s orbit to store containers that can stay up for a period of up to five years. The company also envisions using the space surrounding the Earth for hyper-fast deliveries by propelling items into the space and then making them fall back into the atmosphere with the help of a parachute, The New York Times reports.
Inversion Space’s founders, Austin Briggs and Justin Fiaschetti, are betting on the possibility of space travel becoming more economical. As it becomes cheaper and easier to reach space — and humans identify ways to facilitate lodging in space, more companies might want to send to as well as bring objects back from the Earth’s orbit.
Continue reading… “Why This Start-Up Thinks Storing Containers In Space Is The Future”
