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Charter is building the unified operating system for spacecraft program management.
pitch_v1_importLos AngelesFounded 2021
AerospaceSupply Chain & LogisticsProductivity & Performance
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Charter is building the unified operating system for spacecraft program management.
pitch_v1_importCharter is building software-for-hardware with the unified OS for space program management, to solve a $15B+ problem for the $54B space manufacturing industry, and become the foundational layer on which the entire $546B space economy runs, grows, and thrives. Charter's collaborative engineering management platform supports the development of spacecraft and complex systems from cradle to grave. Charter streamlines systems engineering by up to 60%, and supports teams with managing multi-national regulatory compliance. Charter's automated data warehousing and reporting product enables, expedites, and simplifies the process of obtaining space insurance. As the only company capable of enabling asset insurance for small-to-mid-size spacecraft, Charter is unlocking a massive greenfield opportunity with compounding network effects, starting with an existing $38B+ of asset exposure.
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The bottleneck in spacecraft manufacturing now is now friction in logistics and operations processes. Even as the hardware side of space activity gets cheaper and easier, capitalizing on these advancements has remained difficult because of the tools to support the 'human factor' has not kept up, and that's resulted in the relative difficulty (and corresponding cost) of managing a space mission's operational and logistical elements now eclipsing the difficulty of actually constructing spacecraft. So much of the space industry runs on analog processes and excel that engineering teams are left with long timelines and endless back-and-forths with suppliers, with a lot of avoidable mistakes and wasted time incurred because of inefficiency. 60% of engineering hours in the industry are wasted because of this inefficiency, resulting in thousands of hours and millions of dollars wasted per mission. This loss of productivity, the cost incurred by delays, and the big-ticket losses of missions failing have led to an annual $44.5B drain across the entire space industry. That drain is what Charter is here to solve.