In this episode of Commercial Space Transformers SpaceNews Senior Staff Writer Jason Rainbow speaks with Martijn Blanken, CEO, Neo Space Group (NSG).
In the conversation, Blanken discussed the company’s recent acquisitions and the role of sovereign wealth funds like Saudi Arabia’s Public Investment Fund (PIF) in shaping the global commercial space industry. NSG was created last year by Saudi Arabia’s PIF.
NSG’s strategy involves a mix of acquisitions, partnerships, and organic development across geospatial services, communications, navigation, and IoT. The company plans to lease satellite capacity initially and eventually own its own constellations. Sovereign wealth funds, like PIF, play a crucial role in providing capital and fostering innovation. NSG aims to balance global market reach with regional investments, leveraging partnerships and acquisitions to enhance capabilities. The company also focuses on workforce development, particularly in Saudi Arabia, through university partnerships and recruiting local talent.
The SpaceNews Commercial Space Transformers video series gives viewers a behind-the-scenes look at the people and companies driving the space industry’s commercial transformation. The weekly series features 15-minute down-to-Earth interviews with key players in space, ranging from the executives at the helm of some of the market’s biggest disruptors to the bankers and investors helping to finance their journey. Join SpaceNews Senior Staff Writer Jason Rainbow as he embarks on a mission to learn where the fast-evolving space industry is heading next.
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