This Young Entrepreneur Is Fueling The Space Industry By Building Celestial Gas Stations | Forbes

Jeremy Schiel’s Colorado-based aerospace startup has raised more than $14 million from investors including Lockheed Martin and Northrop Grumman to build celestial gas stations. “The space industry lacks the cheap energy source to allow people and companies to move goods and services,” says Schiel, who cofounded Orbit Fab with Daniel Faber in 2018. He’s developing orbiting tanks and refueling shuttles to fill up satellites running low on the propellants required to maneuver in space. In October, he signed a $13 million contract with the government to deliver hydrazine fuel to Space Force satellites in 2025.

Subscribe to FORBES: https://www.youtube.com/user/Forbes?s...

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter:   / forbes  
Forbes Video on Instagram:   / forbes  
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.