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Martijn Blanken, Neo Space Group

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. About Commercial Space Transformers 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. Commercial Space Transformers https://spacenews.com/commercial-spac... Time Markers 00:16 - Introduction 00:54 - How do you ultimately see NSG's future businesses split between geospatial services, communications, navigation and Internet of Things, monitoring networks? 02:57 - In communications, I know, NSG plans to start out by leasing multi-orbit satellite capacity, but aims to own its own constellations eventually. W hat's the strategy behind this phased approach, and what are the signs that will tell you it's time to shift from leasing to to ownership? 05:20 - What role do you see sovereign wealth funds playing in helping shape the global commercial space industry? 06:58 - With increasing activity from countries like the UAE and Qatar in space, what then sets Saudi Arabia apart in its approach to space Investment and development? 09:17 - What specific capabilities or regions perhaps you are targeting for these acquisitions to strengthen your market capabilities? And what infrastructure, like spaceports, satellite manufacturing facilities or ground stations Is NSG prioritizing to ensure the Middle East becomes this global space hub? 12:20 - Many established satellite operators are burdened with debts or declining revenues because of legacy broadcast services and so on. How does NSG clean slate, as it were, allow it to compete differently against more established players out there? 14:49 - Building a space industry requires significant human capital, how is NSG investing in workforce development and inspiring the next generation of Saudi engineers and scientists? I'm looking for your take on how do you balance just acquiring cutting edge technology with building internal capabilities for a more sustainable business? Sign up for a SpaceNews newsletter https://spacenews.com/newsletters/