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Spire Global

Spire Global – A Data Analytics Company Harnessing The Power Of Satellite Technology. 

Founded in 2012, Spire Global is a data and analytics company that is known for tracking global data and using satellite technology for weather forecasting and other aviation patterns. The founders of the company are Peter Platzer, Joel Spark, and Jeroen Cappaert. Spire Global currently has around 250 employees who are serving customers from across the world. The headquarters of the company is based in San Francisco, California. Apart from San Francisco, Spire Global has offices in Boulder, Luxembourg, Washington DC, Cambridge, Singapore, and Glasgow. 

Early Days

When Spire Global was founded, its original name was NanoSatisfi Inc. The three founders of company are International Space University graduates and they founded the company as a part of the project, ArduSat. This project aimed toward democratizing access to space. Testing of the early prototypes was financially backed through crowdfunding a Kickstarter. Through this crowdfunding, Spire Global was able to raise $106,330. In November 2012, the company signed an agreement with NanoRacks for the deployment of satellites. The deployment of these two satellites became famous because it was the first US Commercial Satellite Deployment from the International Space Station. 

Spire Global required a massive amount of capital for building those satellites. For this reason, the company incubated with Lemnos Labs, and Spire raised $1.5 million in a seed funding round. The main investors were E-merge, Shasta Ventures, Lemnos Labs, Grishin Robotics, and Beamonte Investments. After one year of working in partnership with NanoRacks, the company was successfully able to release ArduSat-1 and ArduSat-X (1U CubeSats). After their release from the ISS, Spire Global quickly started transmitting data to the company’s servers.

Spire Global
Image source: spire.com

Growth and Expansion

After 1U CubeSats, the experts at Spire Global took interest in 3U nanosatellites so that they can start porting more complex payloads. Within seven months, the company transitioned from 1U to 3U and launched the first prototype in 2014. In July of the same year, the company hosted a Series A funding round and was able to raise $25 million. This funding round was led by Will Porteous from RRE Ventures and was also backed by Emerge, Mitsui & Co. Global Investment, and Mousse Partners Capital. ArduSat was a spin-off from the company as it decided to focus exclusively on educational technology. By the end of 2014 ended, Spire opened a  new office in Singapore and eventually started expanding the network. 

In 2015, the Series B funding round took place where the company was able to raise $40 million and the round was led by Promus Ventures. As the company was expanding, it was getting pressure to mass-produce satellites but space became the main constraint. So, the company opened a new office in Glasglow which also marked its entry into the European market. Spire Global became a publicly-traded company in 2021 and had a market value of $1.6 million. But recently the company is going through a rough patch due to rising losses and the close of the SPAC merger. 

Peter Platzer – CEO of Spire Global

Peter Platzer is the co-founder and CEO of Spire Global. His vision behind founding Spire Global was to provide satellite-powered data from any point on Earth. In 2013, Platzer was named White House Champion of Change for his idea to launch small form-factor satellites into space. Peter also worked at CERN and Max Planck Institute. His research was based on high frequency and high accuracy data in space and he also interned at NASA Ames’ Space Portal. He is currently a part of Harvard Business School as a career coach. 

WOW Air – The Success Story of the Ultra Low-Cost Airline

Travelling by air is leisure. The comfort it provides is ultimate in nature but this leisure comes at a pocket-emptying cost. Leisure flights’ tickets often come at a quite high-cost, disturbing one’s travel budgets. WOW Air was an Icelandic carrier service and a perfect solution to high-cost flights. It was an ultra-low-cost service that operated services across continents. Sadly, the company ceased its operations on 28th March 2019 due to some operational issues.

WOW Air was founded by Skúli Mogensen, an entrepreneur with an experience of years in the field. Mogensen was born on 18th September 1968 in Iceland and spent most of his childhood in Sweden with his father. He was an exchange student in San Diego in California, then studied philosophy at the University of Iceland. During his college time, he co-founded his first business ‘OZ.com.’ He dropped his college studies as soon as his business flourished.

Skúli Mogensen
Image Source: independent.ie

Mogensen founded OZ.com, a software company which provides consumer mobile messaging solutions, in 1991. The service involves various telecommunication benefits for the consumer, including social networking, e-mail solutions, instant messaging communities. It has strategic partnerships with America Online, Inc., Microsoft, and Yahoo!. The company’s name was later changed to OZ Communications. Mogensen sold the company to Nokia Corp. on November 4, 2008.

Skúli also co-founded ‘Scandif hf’ and ‘Arctic Ventures’. He also led a buyout of MP Bank. After selling OZ Communication, Skúli had thought to retire. A few years into his retirement made him miserable, and he decided to return back to his entrepreneurship days. “I was a failure at retirement. I wanted to use technology and disrupt the market, and the airline industry is a good sector for that,” said Mogensen ensuring his return to the business market.

In 2011, Mogensen founded WOW Air. It had its first inaugural flight on May 31st, 2012 to Paris. The air service was surprisingly very cheap with fares as low as $99 from select US cities to Iceland and Europe. The fair provided the most basic seats and services.

In 2012, Mogensen took over the company as the CEO. In October of the same year, WOW Air acquired Iceland Express’s operations and network. At the end of the year, WOW Air expanded its services to Berlin, Kaunas, Salzburg and Warsaw. Flight frequencies to Gatwick and Copenhagen also saw an increase. A year later, in October 2013, the airline was awarded the Air Operator’s certificate (AOC) by the Icelandic Transport Authority.

The service rapidly became popular in Iceland and all over Europe. In 2013, it carried over 400,000 passengers and was the most punctual airline in Iceland. In December 2014, the company achieved a milestone by reaching its one-millionth passenger. In 2015, WOW Air expanded to North America and Canada the following year. Its annual passenger count increased from 740,000 in 2015 to 1.6 million in 2016. The airline went on to grow its annual passenger number to 3.5 million in 2018.

Mogensen spoke, “I often say it was a moment of insanity. When I started, everyone thought I was completely crazy and wanted to stay far away from me. I chose to go all in on my own,” on the success of the airline service.

In late 2018, Icelandair Group decided that it would acquire the entire share capital of WOW Air with both airlines operating under separate names. However, the conditions of the deal were unlikely to be met and Icelandair abandoned the deal. Indigo Partners, on the same day as the abandoning of the deal with Icelandair Group, reached a preliminary deal to buy WOW Air. The airline cut down its working staff, cancelled flight routes to Delhi, San Francisco, Los Angeles and Vancouver. The deal again was cancelled as Indigo Partners withdrew their offer to buy the company. The airline fell into multiple cancellations, technical failures and more knock-on effects. On 28th March 2019, WOW Air announced that they will be ceasing all the operations. The action left many passengers stranded as they were advised to book flights from other airline services.

Skúli wrote to his employees, expressing his regret for not acting sooner to stabilize the airline’s finances. “I will never be able to forgive myself for not taking action earlier, as it is obvious that WOW was an incredible airline, and we were on the right track to do great things again.”

In an interview with Business Insider, Mogensen said, “One of the mistakes that we made in the last 18 months, was that we were moving away from the low-cost model. Most significantly we made our fleet structure unnecessarily complex with the addition of the wide-body A330 to our fleet.”

However, Skúli is speculated to enter the airline industry soon with another brilliant idea. He was awarded Iceland’s Businessman of the Year in 2011 and 2016. The story of Skúli Mogensen speaks that failures are a part of the journey but can be avoided if suitable action is taken sooner.

Lilium Unveils Five-seater Air Taxi Prototype After it Successfully Completes its First Test Flight

The German aviation startup company, founded in 2016, has been working towards attaining the comfort for the people with its on-demand air taxis, and now, it announced that it has successfully completed the first test for its full-scale air taxi. The taxi is a prototype of the company’s taxi air crafts, that holds the capacity of carrying five passengers at a time, and is all electric.

lilium five-seater air craft
Image Source: techcrunch.com

The new five-seater aircraft is the company’s one of the all-electric vertical take-off and landing (VTOL) device, the first of which was a two-seater aircraft, successfully tested by the company about two years ago. But in the case of the two-seater aircraft, the prototype test had gone well. But when it came to the full-scale Lilium jet demonstration, after the take-off of the aircraft, the shift from vertical to forward flight was not as smooth as it was expected to be.

The new five-seater Lilium taxi has an egg-shaped cabin, having five passengers’ seats, which is mounted over the landing gear. It has the unique pair of parallel, asymmetrical tilt-rotor wings, that holds the 36 all-electric jet engines. Those electric jet engines enable the aircraft to take off and land in a vertical plane. Though the flight takes off and lands vertically, it renders “remarkably efficient horizontal or cruise flight”.

The company has been carrying out extensive tests with its latest five-seater air taxi, and the results are remarkable in every aspect. The company has released a video that shows how the aircraft takes off vertically, and after hovering for a small time in the air, the aircraft lands smoothly on the ground.

The company claims that after the final product is ready, it will be able to achieve a speed of 300 km/hour (186 mph). According to the Lilium’s chief compliance officer, Remo Gerber, the speed it can achieve is way more than that of the speed attained by its rival air crafts. The reason being, the aircraft uses only 10 per cent of its maximum 2,000 horsepower during the cruise flight.

But on the other hand, the electric air taxi works better with fuel, as the batteries that are available in the market are not powerful enough. For the air taxis, the battery power has to be in a proper ratio with the weight of the aircraft. So when fuel is used in the aircraft, it provides up to 43 per cent better performance.

Since the company is still carrying out tests on its five-seater flying taxi, the possibility of it coming into operation must not be expected before 2025. Also, the company will be launching a full-fledged app for people, so that they will be able to book the taxis through it.

After JetBlue, Delta Air Lines to Provide Free WiFi to its Passengers

delta air lines
Image Source: fortune.com

The internet has become quite essential for every human being, and when they have to fly, the extra cost they have to pay for the WiFi becomes out of their interest. Though if required, many do not mind spending the money. But what if one gets it for free? Pretty cool. Right?

On Thursday, Delta Air Lines announced that starting from 13th May, the company will start testing free WiFi on its aircraft for a period of two weeks. There will be 55 of the Delta domestic aircraft which will get to test the free WiFi, and the crew will notify the passengers onboard if their flight is also a part of the test.

The company has said that the test includes getting the feedback from the passengers, see how the free WiFi works, and to test the strain on the system. Providing free WiFi on the flight can be a bit of a difficult task, as the number of the users will automatically increase and handling such a big number of passengers in the air will be a challenge. It may also stress the plane’s bandwidth.

According to the Wallstreet Journal, the Delta passengers will be able to read articles and open their emails through the free WiFi, but not stream online videos. Delta is already providing free movies and video streaming on the plane partnering with the other media companies.

Gogo is the WiFi network provider for Delta Air Lines, and according to Gogo, currently, only 12 per cent of the passengers use the paid WiFi. Gogo has also expressed the concern that if WiFi is offered free for the passengers, there can be issues with the bandwidth of the plane itself.

The test will require Gogo to increase the bandwidth of the network it provides, and this will lead to more expenditure on the WiFi from Delta. Though it is beneficial for Gogo only, it depends on the company if it is ready to provide such large bandwidth to the airline or not. If not, Delta is free to move on to other options. Currently, JetBlue is the only airlines in the U.S. offering free WiFi to its passengers. Now we need to see how the tests turn out to be after two weeks for Delta Air Lines.

The Boeing Company: 100 Years of Aviation Pioneering

The Boeing Company is one of the biggest names in the pioneering of aero products. The company derived its name from the surname of its founder William Edward Boeing, who was an American timber businessman. The company has an old history, as it was founded almost 102 years ago, on 15 July 1916, in Seattle, Washington, U.S. The founder and the former CEO of the company, William Boeing, had an immense interest in the aircrafts, which he developed when he first time saw a manned flying machine during the Alaska-Yukon-Pacific Exposition, in Seattle, in 1909.

After the incident, Boeing himself joined the Glenn L. Martin Flying School in Los Angeles to learn flying. He even purchased a plane for himself from Martin’s. The idea of manufacturing his first plane hit his mind when he was unable to get the replacement for the damaged parts of his newly purchased aircraft from Martin’s. Hence with the help of his friend Cdr. George Conrad Westervelt, he built an amphibian biplane, the B & W Seaplane.

In 1910, William Boeing bought Heath’s shipyard in Seattle, where he founded The Boeing Company, his first aeroplane factory, on July 15, 1916, with the name Pacific Aero Products Co. Before founding the company, William owned business of timber. So his experience with the wood helped him a lot in the Airplane manufacturing business.

boeing
Image Source: almasdarnews.com

On 9 May 1917, the company was rebranded as Boeing Airplane Company. In the same year, it shipped its first 50 aeroplanes built for the US Navy for the first world war and moved its operations to its Boeing Plant1 located in the Washington state.

In 1919, the company manufactured the Boeing B-1 flying boat, which could carry two more passengers along with the pilot. The aircraft served as the international airmail from Seattle to Victoria, British Columbia, for eight long years. By the time, Boeing started manufacturing fighter planes for the U.S. Army Air Service. The early models of its fighter planes were PW-9 fighter and the Boeing P-12/F4B fighter.

Soon, Boeing’s Model 40 mail plane started operating between San Francisco and Chicago for the U.S. government, under the U.S. Post Office’s contract. In 1927, the company launched an airline named Boeing Air Transport and manufactured its first passenger plane Boeing 80 that took its first flight on 27 July 1928. The same year, the company went through a merger with the Pacific Air Transport.

In the early 30’s Boeing emerged as a leader in the all-metal aircraft construction and built a low-wing monoplane, named as Monomail, to carry mails. The Mononmail also became the basis of the Boeing YB-9 architecture. In 1932, the company brought the first all-metal monoplane fighter, Model 248, and in the next year Model 247, a standard passenger plane.

In 1938, the company built the largest passengers airliner, the Boeing 314 Clipper, to fly on transoceanic routes, under an agreement with Pan American World Airways. The plane had a capacity of 90 passengers in the day flight and of 40 passengers in the night flight. It took its first flight in June 1938 and started operating for regular passenger service from the U.S. to the U.K.

During the world II, Boeing won a contract to build the fighter planes for the U.S. Air Force. Almost all of the aircraft manufacturing companies cooperated at building them. They hired the family members of the soldiers who had gone to the war and built a large number of B-17 and B-29 bombers. The production had gone to a level that almost 350 planes were made in every month.

In 1947, Boeing built its first jet aircraft XB-47 followed by the successful launching of B-47 and B-52 bombers. It also started building the military jets, including the B-47 Stratojet and B-52 Stratofortress, in the decade of 50s. Soon Boeing entered into the manufacturing of the intercontinental missile, using the short-range missile technology.

In the mid-50s, the company started the manufacturing of the small turbine engines and became a leader in the same. Boeing built 2,461 engines before production ceased in April 1968.

The decade of the 50s and 60s were the decades of manufacturing jetliners for Boeing. It launched the 707, 720 as well as 727 commercial jetliners in those years. The 727 was the first commercial jetliner to reach 1,000 sales. Boeing’s twin-engine 737, become the best-selling commercial jet aircraft of all times.

In the 70s, the company faced a simultaneous decline and recession in the market. But by the mid of the 80s, the economic condition of the company started to improve, and it introduced new passenger airliners, the single-aisle 757, the larger, twin-aisle 767, and upgraded versions of the 737, with larger seating capacity.

Having been a part of the Apollo project, it also participated in other space programs and became the first contractor for the International Space Station program. In 1994, Boeing came up with the most modern, i.e., typical three-class layout aircraft, the twin-engine 777, with a seating capacity of 300-370 passengers.

In early 2000, the company purchased Hughes Electronics, in order to expand into the aerospace field. Boeing became the largest provider of rocket launch services to the U.S. government, through its joint venture, United Launch Alliance, with Lockheed Martin, in late 2006. Boeing also became the prime contractors in the U.S. military’s Future Combat Systems program.

Boeing revealed its Q4 profit of the year 2013 in January 2014, that was estimated to be about US$1.23 billion. In 2017, the company had 140,800 and made a revenue of US$93,392 million.

Herb Kelleher : The Founder & Former CEO of Southwest Airlines

An aspiring journalist, who eventually became a lawyer and then a successful entrepreneur- Herb Kelleher, also wanted to live the lavish life that he had been seeing people living in his surrounding, and with the help of the right business plan and with the help of right people, he not only started one of the best airlines of America but also became one of the best CEOs of the country. Under his leadership, the airlines not only became the most preferred one by the consumers but was also voted Fortune magazine’s Best Place to Work in America

Early Life

Kelleher was born on 12 March 1931, to Harry Kelleher and Ruth Moore, in Camden, New Jersey. His father worked as the general manager at the Campbell’s Soup factory. He used to work at the same factory after school and also in the summer breaks, as a part-timer. He completed his high school education from Haddon Heights High School. He was a bright student and was also active in sports. He was in the Football team of the school and was a letterman in basketball and track. Later, he joined the Wesleyan University, to pursue a bachelor’s degree in English and Philosophy, in 1953. He was a member of Delta Kappa Epsilon fraternity at the university. Influenced by a Wesleyan trustee, he then went to study law at New York University as a Root-Tilden Scholar and earned a graduate degree in the same.

herb
Image Source: experience.hsm.com

Career

In 1956, Kelleher started working as a clerk at the New Jersey Supreme Court. In 1959, he joined the Newark, New Jersey, firm of Lum, Biunno and Tompkins, where he practised law for two years. In 1961, he moved to Texas and became a partner in the law firm of Matthews, Nowlin, Macfarlane & Barrett.

Founding Southwest Airlines

While living in Texas, Kelleher got influenced by the lifestyle of the local people and started looking for something challenging that could help him be like one of them. He wanted to start his own law firm or any other business. In 1966, he joined the Texas businessman Rollin King as his outside counsel. One evening in a meeting with a client, an air charter service owner, in the St. Anthony’s Club in San Antonio, they sketched out a plan on a napkin.

King and his banker, John Parker wanted to launch an affordable airline between Dallas, Houston, and San Antonio. Kelleher joined hands with the two, and on 15 March 1967, with a seed money of $500,000, they launched the Southwest Airlines Co. Kelleher managed to buy a 1.8 per cent stake in the newly started airline company and was appointed as its first CEO. But due to some legalities, the airline kept from flying for a four-long year and had its first flight on 18 June 1971. The low prices of the flights, and other facilities like eliminating unnecessary services, made the airline an instant hit.

As the CEO of the company, Keheller brought a better working culture, making the employees work more passionately. In 1974, Southwest became the first airline to offer a profit-sharing plan, according to which employees owned 13 per cent of the company’s common stock. Southwest Airlines has constantly maintained its name in the top five Most Admired Corporations in America, in the Fortune magazine’s annual poll.

In 1982, Kelleher was assigned the post of the chairman and the president of the company, remaining on the position of the CEO. In 2003, the airlines had 33000 employees, and operated 2800 flights between 30 airports, with a total annual revenue of $6 billion and net profits of $442 million.

On 21 May 2008, Kelleher resigned as the chairman of Southwest Airlines.

Personal Life

Kelleher met his future wife, Joan Negley when he was in college and married her in 1955 when he was still studying law at the New York University. Fortune has also called him perhaps the best CEO in America. Kelleher was inducted into the Junior Achievement U.S. Business Hall of Fame in 2004. He was named the CEO of the Year from Chief Executive magazine in 1999 and also from the Fortune magazine in 2001. In 1990, the Financial World named him as the CEO of the Decade in the Airline Industry and was also named as the CEO of the Century by Texas Monthly in the same year.