To investors,
SpaceX successfully conducted the first civilian spacewalk in history this morning. There have been plenty of astronauts who have gone outside the International Space Station, walked on the moon, or participated in a variety of spacewalks, but we have never had a civilian experience the magic of space in this way.
If you watch this short clip of the first of two civilians to enter space, it looks very similar to an astronaut from NASA doing the spacewalk.
If you stop and think for a second, it is almost surreal what we are witnessing. A private company, SpaceX, has been able to create reusable rockets that are now empowering civilians to go into space.
It may not feel like a big deal that 2 civilians out of more than 8 billion humans on earth are doing this, but it signals a major milestone on a much larger trend — eventually millions of people will walk and live in space.
Does that mean humans will live on Mars? Maybe. Does that mean humans will live on the moon? Maybe. Does that mean humans will live in modern versions of the International Space Station? Maybe.
It is difficult to predict the future with any degree of accuracy.
But we can see the direction of progress. Innovation is reducing the friction for us to launch people and things into space. Naturally, a private company will follow the economic incentives to grow their revenue and enterprise value.
This means SpaceX, and their competitors, will keep expanding opportunities for humans to participate. Today it is 4 civilians on the first non-government spacewalk. Eventually it will be many more.
On top of human spacewalks, there is rapid innovation happening in other areas of space — take Varda Space Industries as an example. The company has successfully manufactured a drug in space and returned it back down to earth. Their thesis is drug development has advantages when conducted in space rather than on earth.
If you allow your mind to imagine with the excitement of a child, it is not hard to see a future where economic and leisure activities are being conducted on land and in space. That seemed like a pipe dream two decades ago when SpaceX was founded, but we inch closer to it becoming reality with each passing day.
It is hard to see the spacewalk this morning and not be inspired to help push progress forward. Go bigger. Take more risk. Solve meaningful problems.
Progress only happens when humans have the courage to act.
Hope you all have a great day. I’ll talk to everyone tomorrow.
-Anthony Pompliano
Founder & CEO, Professional Capital Management
🚨🚨 Reader Note: BUILD Summit, our annual conference in NYC for founders, is coming up next month on September 26th.
The event will provide top tier speakers, networking opportunities, and insightful business discussions on raising capital, scaling businesses, and building products.
Current speakers include angel investor Balaji Srinivasan, Khosla Ventures’ Keith Rabois, Perplexity CEO Aravind Srinivas, Eight Sleep Founders Matteo Franceschetti & Alexandra Zatarain, and Passes CEO Lucy Guo.
The event is free to attend and will be full of insights on how to operate a company at world-class level.
Polina Pompliano, Author of ‘Hidden Genius’ and Founder of The Profile, and Anthony Pompliano, CEO of Professional Capital Management, discuss what is going on with bitcoin, future catalyst, and price outlook into bull market, we break down the OnlyFans business, shocking revenue share breakdown, SpaceX, Starlink, Elon Musk, and predictions for the Presidential debate.
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Anthony & Polina Pompliano Discuss Bitcoin, Presidential Debate, OnlyFans Financials, and Elon Musk’s Starlink
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