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Techstars and Starburst Aerospace are launching a space industry accelerator in Los Angeles

With the help of NASA’s Jet Propulsion Lab, the U.S. Air Force, Lockheed Martin, Maxar Technologies, SAIC and the Israel Aerospace Industries company, Techstars and Starburst Aerospace are launching an accelerator focused on the space industry in Los Angeles.
Already a major hub for the space and aerospace startup industry, with companies like SpaceX, Relativity Space, Virgin Orbit, Rocket Lab, Phase Four, and others calling Los Angeles home, the new accelerator will provide another booster for LA’s growing startup scene.
The new aerospace program, called the Techstars Starburst Space Accelerator, will be managed by longtime Techstars managing director, Matt Kozlov, who previously helmed Techstars’ efforts at its health-focused accelerator done in partnership with Cedars Sinai.
Van Espahbodi, the co-founder and managing director of Starburst Aerospace, a multinational aerospace investor and consultant, will be advising Kozlov on the program and bringing his firm’s expertise with government partners to the table.
Corporate sponsors for this program include, NASA’s Jet Propulsion Laboratory, Lockheed Martin, Maxar Technologies, SAIC and Israel Aerospace Industries, and the U.S. Air Force.
Investments in space and aerospace technologies are picking up, thanks in part to estimates like the one from Bank of America Merrill Lynch, which put the size of the space economy at roughly $3 trillion by 2045.
Even if those estimates are overblown, investor have already backed companies developing reusable rockets, 3D printing technologies, advanced materials, miniature satellites and other space-related technologies to the tune of at least $2.3 billion over the last year.

2018 ushered in ‘a potential space renaissance’
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