The space billionaire is rushing to land on the moon before China

by time news

Cam Gaffarian was only 11 years old when he was excited by the Apollo 11 mission. Ghafarian later immigrated to the United States from his native Iran at the age of 18 and later became a part of several initiatives that were critical to the field of space science. Today, Gaffarian’s Houston-based company, Inductive Machines, is competing with China for a mission to the moon. Gaffarian’s company has been awarded a contract by NASA to build a probe to land on the moon again after the Apollo era.

Kam Ghafarian owns a $1 billion stake in nuclear reactor design company XEnergy. Ghafarian is the co-founder of Axiom Space, a company that transports private individuals to the International Space Station. Axiom Space is now trying to build its own space station.

Ghafarian is worth $3.8 billion, according to Bloomberg’s Billionaires List. He has been compared to Elon Musk and Jeff Bezos in the space industry. These three people have invested the money earned from other fields in the space industry.

Gaffarian’s early company, Stringer Gaffarian Technologies, was the second largest provider of engineering services to NASA. The annual revenue of the company was around 50 crores. In 2018, he sold this company for 35.5 million dollars. Ghaffar’s main asset is its long-term partnership with government agencies.

Quantum Space is Gaffarian’s fourth startup venture. It is a company that launches artificial satellites into the region between the Earth and the Moon. Last December, the company received an investment of 1.5 crore dollars. In a January 2022 interview, Ghafarian said, “I don’t know if I’m a millionaire or not.” But if I can do something for the progress of human culture, I am proud of it. Gaffarian can certainly be proud to have once dreamed of a man going to the moon. Because the second US mission after the hiatus will land on the moon will be a probe built by Gaffarian’s company.

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English Summary: Kam Ghaffarian: A Space Billionaire Who Is Racing To Land On Moon Before China

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