Denver-Boulder area stakes a claim in space with a burgeoning aerospace industry

  • 📰 CNBC
  • ⏱ Reading Time:
  • 63 sec. here
  • 22 min. at publisher
  • 📊 Quality Score:
  • News: 94%
  • Publisher: 72%

Business News

Aerospace And Defense Industry,Aerospace Technology,Boulder

The area boasts easy access to industry partnerships as well as Colorado's robust military presence.

The aerospace industry has grown 88% over the past two decades in the Denver and Boulder metro areas, according to a CNBC analysis.

It might not be obvious to someone driving around Denver and Boulder that there are hundreds of companies actively working on some of America's most complex national security needs and building innovative products like those that might be seen in a sci-fi film. "I think aerospace has become a fulcrum of our whole economy now," said U.S. Sen. John Hickenlooper, D-Colo., who previously served as Colorado's governor and before that as mayor of Denver.

For Taylor, who has been to space himself after a trip on Blue Origin's New Shepard, the Denver-Boulder space story extends beyond Voyager too. He's spent years investing in the sector personally, as an early backer in more than 50 startups, including Orbit Fab.Backed by neighboring Lockheed Martin and Northrop Grumman, Orbit Fab moved into a roughly 60,000-square-foot manufacturing facility after relocating from California in 2021.

"If you ran out of fuel on a highway, AAA can come and deliver you fuel. That's actually the typical way that we'll do it in space," Faber said. The startup recently revealed a refueling port — or gas cap — that's been flight qualified and is commercially available for $30,000 per unit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Record levels of funding propel Denver-Boulder to the top of the life sciences marketDenver-Boulder is rapidly becoming a life sciences hub thanks to a surge in funding, research collaborations and lab space.
Source: NBCLA - 🏆 319. / 59 Read more »