Luke Nosek is leaving Founders Fund, the venture capital firm he co-founded more than a decade ago with Peter Thiel, Axios reported. Luke was previously a founding exec at PayPal.
UPDATE – The Nextbigfuture article was read by Luke Nosek and he provided the correction to the previously inaccurate information.
Nosek categorized the aerospace industry as stale for decades. He pointed to entrenched supply chains, overwhelming costs, and only a handful of companies being allowed to operate in space. He even repeated Musk’s favorite mantra about what truly kept things from progressing.
“The old companies were so entrenched that there was no innovation—maybe even negative innovation—for years and years,” he said. “A number of things caused this, but it was mostly how the US government did its contracting—it worked on a cost-plus. Imagine if data centers worked this way: ‘go build it, we’ll pay you whatever you spend plus give you more money.’ That’s how the aerospace industry worked, and then comes Elon. He knows it’s important for humanity to get to space, sees that technology is moving backwards, and knew it had to be for human reasons.”
In 2008, Elon Musk told Nusek he wanted to reduce cost launch by a factor of ten.
Spacex is working to complete new Boca Chica, Texas launch facilities in 2019.
Boca Chica is not and will not be a priority until both of SpaceX’s East coast pads, LC-40 and LC-39A, are respectively reactivated and upgraded for Falcon Heavy and Commercial Crew launches.
Elon Musk is scheduled to provide an update on SpaceX’s Mars colonization strategy in exactly two weeks.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.