Former Air Force Colonel Burton Catledge is developing a $600 million commercial spaceport in the Dominican Republic to address the bottleneck in satellite launches. With 100,000 satellites expected by 2030, the US needs more launch sites. The project also counters China's growing space infrastructure in Latin America.
The space industry is booming, expected to exceed $1 trillion by 2030, with massive demand for satellite launches. This benefits major tech and space companies listed on the Nasdaq.
David Weston
Introduces the space segment: booming business in launches, long waiting lists for satellites, and competition with China in Latin America.
Burton Catledge
The space industry is about $650 billion and expected to exceed $1 trillion by 2030. The US needs more spaceports to relieve the bottleneck.
Ryan Brukart
The US is in a position of extreme opportunity in the space economy, but infrastructure is stretched. There's a huge backlog of US companies wanting to launch.
Burton Catledge
There are currently 14,000 satellites in orbit, and the FCC expects over 100,000 by 2030. That requires many more launches.
David Weston
Asks about safety concerns and competition with SpaceX.
Burton Catledge
We are not competitors to rocket customers; we are enablers. We can issue a license in 45 days vs. the statutory 6 months. There's large appetite for space investment.
David Weston
Discusses China's aggressive investments in Latin American space infrastructure and the US-China rivalry.
Burton Catledge
China is making partnerships in Latin America and the Caribbean for aerospace applications, including military components. The US needs to double down.
Kari Bingen
Over 80% of satellites on orbit today are commercial systems. China wants to be the world's space power and is using Latin America for access and influence.
Burton Catledge
We estimate generating $8 billion by the 10-year point after full operations. This will be the first private revenue-generating spaceport in the world.