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Business Model for Precipice Space, LLC (Non-Profit) Recruitment Posting
- Precipice Space LLC, a non-profit organisation, aspires to make the prospect of space travel accessible and sustainable to the public. The company has announced a comprehensive plan to develop an educational programme, provide logistic support to space agencies, introduce collaborative research and development opportunities and make grants available to students interested in pursuing space research across disciplines including engineering, physics, biology, law and medicine. Through its reinvestment model, it intends to drive innovation in the space travel sector.
- The leading services that Precipice Space will offer include technical support such as on-ground engineering, IT support and mission management, spacecraft staffing consisting of operational, safety and technical staff members, and collaborations with space agencies for joint research initiatives. Precipice Space’s partnerships with universities will offer accredited BS, MS and PhD degrees in space science and industry certification for students interested in science, engineering, space law and space medicine.
- In addition to these, Precipice Space is expected to operate under a non-profit model, yet generate revenue from various sources such as service contracts with space agencies and private companies, tuition from accredited programmes, licensing technologies developed in-house for space travel, crowdfunding and public donations.
- The company intends to attract highly skilled workers from different scientific, engineering, educational and managerial backgrounds by offering competitive salaries, full-benefits packages and opportunities for training and skill development. It has announced plans to partner with renowned professors and industry professionals to teach space science programmes.
- Precipice Space aims to make space travel accessible to the public and will be targeting space enthusiasts, aspiring scientists and engineers, and corporate sponsors as its primary audiences. It intends to achieve this through a range of methods, including media, documentaries, social media, word of mouth and public outreach campaigns.
- Precipice Space has ambitious scaling plans which involve expanding its research collaborations and partnerships with private companies, universities and space agencies; launching full-scale degree programmes aboard long-term space missions; and expanding its operations to international markets. Its revenue and expense projections reveal an expected revenue of $50m in five years from service contracts, $25m from tuition and sponsored degrees and $15m from public donations, sponsorships and fundraising events.
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