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Exodus orbitals v4.4_practice

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Pitch deck summary.

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Exodus orbitals v4.4_practice

  1. 1. “Satellite-as-a-service” AKA “Uber AWS in Space” https://www.exodusorbitals.com contact@exodusorbitals.com
  2. 2. Team Intro Dennis Silin Cofounder Edmond Tasellari Cofounder Executive director and technical leader • BSc Computer Science/MSc Astronautics and Space Engineering • 10 years of Software Dev/DevOps experience, covering multiple domains: from webdev to Boeing 777X avionics • https://www.linkedin.com/in/dennis-silin-9399853/ Finance and business leader • BComm, Finance, CFA, CMA, FRM • 10+ years of finance industry experience: Thomson Reuters, OSFI, Refinitiv • https://www.linkedin.com/in/edmondtasellari/ All of us: https://exodusorbitals.com/team.html
  3. 3. Opportunity in space industry: nanosatellites • Under 100 cubesats launched up to year 2010 in total – over 200 in 2018 alone! • Rest of the satellite industry grows only in single percentages: 3% in 2016- 2017 • Space industry is $269B market and satellite services is a $129B one Smaller is cheaper, faster and often better – mirroring the IT industry history lessons
  4. 4. Problem: the growth potential is still limited • Space is hard – many possible failure modes have to be accounted for • Mission design can only be proven successful through in-space demos • Much of the effort is spent on domain-specific software development First, it’s development complexity • Even for the smallest satellites, it can be years before concept and launch • Even for the smallest satellites, total build and launch costs are in $100,000s • Even for the smallest satellites, there are elaborate regulations and red tape Second, it’s time, cost and regulations
  5. 5. Your mission software will be uploaded and executed on our satellite Virtualization Solution Our Solution: Software-Defined Satellite Users Satellite Ground stationTest and validation server Our solution prototype is complete– to be flight-tested late 2019! User App 1 User App 1 Satellite Platform User Apps Supervisory Software
  6. 6. Business: “Satellite-as-a-service” Business model – similar to “cloud computing” providers • Each satellite can be shared by multiple tenants • Tenants are using satellite on per-orbit basis • Each orbit is around 90 minutes (5800 orbits per year) • Price range is $XXX per orbit • Allows multiple pricing tiers (community, academic, pro) Who would pay and how we will reach them? • Initial customer groups are academia and space enthusiasts • Cranfield and Ryerson universities are potential first clients • Kickstarter planned to reach out to the community • Next clients are SMEs in space industry doing R&D work • Specialized marketing agency for space industry identified • Professional networks and industry events will be leveraged • Telecom, oil & gas, agriculture, aviation and maritime sectors • Industry media and marketing agencies will be used
  7. 7. Applications •Secure storage and cryptographic key distributionCryptography •In-space image recognition and data analytics using ML algorithms •Just-in-time delivery of georeferenced and annotated maps to mobile devices. Geographic Information Systems •ADS-B and AIS (aviation and maritime traffic tracking) •IoT/M2M and other SDR applicationsCommunications •Autonomous decision-making software for space debris collision avoidance •Robotics software testbed for in-orbit manufacturing and service applicationsArtificial Intelligence •Inter-satellite communication link software •Application of terrestrial Internet protocols to space communicationsData Networks
  8. 8. Competitors • Vector Space System: in Chapter 11 • Virtualization approach (GSky-1) • European Space Agency: launch late 2019 • Software based solution (OPS-SAT) • Lockheed Martin: launch late 2019 • Virtualization approach (Pony Express and Linus) • Loft Orbital: launch early 2020 • Shared platform for customer payloads Other players • We will use OPS-SAT as development platform • Allows risk and cost reductions • Allows to gain operational experience • Allows to move faster than larger players • Allows synergy with competing approaches Our advantage
  9. 9. Scaling Up • Rent existing ground station networks – Amazon provides one! (per-per-use) • Build up own ground station network (some upfront hardware cost) • Use inter-satellite network to assist data transfers (StarLink and Iridium solution) Communications window is only half an hour per day • Scale up the satellite – performance per cost will improve up to a point • One app can utilize multiple satellites via distributed approach Limited satellite capabilities • Use larger constellation to reduce single point of failure impact • Build a fault-tolerant platform architecture for transparent app failover Environment factors and customer errors
  10. 10. Timeline Jan 2019 – Project development started Jun 2019 – Cooperation with European Space Agency initiated July 2019 – Prototype software development is complete Sep 2019 – First round of qualification tests passed at ESOC, Darmstadt >>>>>>>>>>>WE ARE HERE <<<<<<<<<<< Nov 2019 – Final round of integration tests at ESOC expected Dec 2019 – ESA mission launch expected Jan 2020 – Flight operations on ESA OPS-SAT mission: concept validation Dec 2020 – Launch of our own satellite for a full range of applications Jan 2021 – Start of full-scale commercial operations
  11. 11. Financials & Funding Valuation • Enterprise Value(EV) at Years 1-2 = Cash + IP • Enterprise Value(EV) at Years 3-5 = Cash + IP + EV Multiple* EBIT • 2017 Earnings Before Interest and Taxes Multiple (EBIT) is listed at 17.51 Seed Round • Up to X of funding • Open for investors! Notes 1. http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/vebitda.html FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Revenue 0 0 0 0 0 Expenses 0 0 0 0 0 EBIT 0 0 0 0 0 Cash at hand 0 0 0 0 0 IP 0 0 0 0 0 Valuation 0 0 0 0 0

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