In this week's exclusive interview for the the Voice of Business, the CEO of Italy's biggest aerospace company, AVIO, Giulio Ranzo joins us again to speak with Gigi Stone Woods about the Rome-based rocket company's new Vega-C rocket and the company's plans to build the 1st stage propulsion systems for the next generation of the European Space Agency's Ariane program. In this wide-ranging interview, Ranzo also discusses their upcoming launches of an array of telecommunication satellites for Amazon, their unique SPAC business model, the importance of preparing for a future of servicing aerospace assets already in space, and much more. In this accompanying article below, Alexis Christoforous brings us her analysis and key takeaways from the interview. |
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By Alexis Christoforous Italian rocket maker Avio is hiring more engineers and expanding its facilities as it gears up to support Amazon in the largest-ever commercial satellite launch. The five-year agreement includes 18 heavy-lift Ariane 6 rockets, each of which uses two or four of Avio’s P120 engines as strap-on boosters. “We are committed to deliver 18 launches to lift about 600 of their satellites to space in a very short period of time,” Avio’s CEO Giulio Ranzo told The Voice of Business. Amazon is spending billions on putting together a satellite constellation to beam broadband internet that will rival Elon Musk-owned SpaceX's Starlink. |
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Avio’s P120 also serves as the first stage of Europe’s next-generation small launch vehicle Vega C, which had a successful maiden launch in July. Ranzo says it was able to lift up to 60% more payload compared to the company’s current version, but at the same cost. “The reality of things is that in the past five years, a real space race has emerged in the business of launching objects to space,” he says. “SpaceX has definitely been a tremendous success with their technology of reusable rockets, and other companies have come up, like Rocket Lab and Firefly in the US. So we ought to be able to provide something that is equally attractive in terms of cost-competitiveness and reliability, and these are the reasons why we have invested money over the last five years to improve our technology and provide more payload capacity for the same cost.” |
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Avio got an added boost recently from the Italian government, which awarded the company contracts worth over $300 million to jumpstart the country’s space industry and liquid propulsion expertise. “The Italian government has decided to devote substantial resources to the space sector,” says Ranzo. “This will help my company a great deal to develop into the future, towards the next decade with more and more competitive solutions for customers to satisfy their more stringent requirements.” Ranzo says most people may be surprised to learn that Italy was at the forefront of space launch more than five decades ago. “It so happened that in the early '60s, Italy developed a unique partnership with the US, resulting in Italy being the third country in the world to ever launch an artificial satellite to space in 1961,” he says. “So from the very beginning of this industry, Italy has invested time, money, resources and capability to be at the forefront of technology innovation.” |
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Avio is currently working on a liquid oxygen-methane engine, dubbed the M10, which Ranzo says was recently tested successfully on the ground. “This is the first European liquid oxygen-methane engine to be tested in Europe,” he says. “There's no handbook to make this work, and we are very glad that our design has resulted in very early success in the testing phases. So we think it will be a very important building block for the future.” Ranzo says he’s readying Avio to not only launch objects into space, but to also service assets already in space, the so-called in-space transportation. For all of the progress Europe, and Italy in particular, has made in the space industry, Ranzo says more needs to be done. “One thing where Europe needs to probably have more ambition is how much resources are actually dedicated to the sector from a financial standpoint, both from the public sector and the private sector,” he says. “But Europe is definitely headed in the right direction.” |
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And...In case you missed earlier articles and interviews from Season 2 you can find them here! |
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CEO of Italy’s Premiere Business Daily: “Crisis is Always an Opportunity”The Voice of Business visits the 4th Estate in an insightful interview with Mirjia Cartia, CEO of Il Sole 24 Ore, one of Italy’s oldest and most trusted newspapers. In her discussion with Gigi Stone Woods, Cartia offers her vision of what it means to be a 21st century multimedia news outlet and how… |
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How this Leading Italian University is Building the Business Leaders of TomorrowBy Alexis Christoforous Over the last decade, entrepreneurship has emerged as a popular major at universities around the world. For Italy's LUISS University, entrepreneurship has been a tentpole of its curriculum long before it became a trend. "Entrepreneurship is really a core element of this university," Raffaele Marchetti, deputy rector of international affairs at LUISS University, told The Voice of Business. |
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CEO of Newest Corp on Making Italy an Investment DestinationBy Alexis Christoforous Food. Furniture. Fashion. Fast cars. These four iconic industries are what Italy is known for the world over, but according to Italian businessman Fernando Napolitano, they only scratch the surface when it comes to Italian industry and ingenuity. "These industries are a small percentage of our GDP," Napolitano tells The Voice of Business. |
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VC Firm in Rome Has Global Vision For Startup Accelerator Focused On Green Tech & AIBy Alexis Christoforous When serial entrepreneur and angel investor, Luigi Capello, founded the venture capital firm LVenture Group in 2012, he wanted to help develop the best startups in Italy and scale them globally. Fast forward ten years and LVenture Group is a holding company listed on the Italian Stock Exchange (MTA) with over 90 companies in its portfolio. |
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CEO of Italy's Enel X on the Future of EnergyBy Alexis Christoforous As one of the world's largest utilities, the Italian energy giant Enel provides energy to half a billion people every day. Enel X is the advanced energy services global business line of Enel. |
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Tech Entrepreneur Wants to Make Italy the Next Silicon ValleyAs a serial entrepreneur, Fabrizio Capobianco has successfully founded and sold at least half a dozen tech companies in his decades long career. Now, at 51-years old, he is ready to prime the next generation of entrepreneurs in his home country of Italy. "I want to do something for the country," Capobianco told The Voice of Business. |
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Master Brand Designer On Why Italy Needs a 'Ministry of Beauty'Maurizio di Robilant, President & CEO of Robilant Associati speaks with Alexis Christoforous about his firm's quest to find each company's essence and soul, the importance of having an empathic relationship with his clients, the challenges of selling the idea of Italy to Italians, and his belief that there is a unique competitive identity which gives every country a marketing edge. |
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The CEO of Engineering on How the Metaverse Will Revolutionize work and PlayBy Alexis Christoforous The metaverse may be in its infancy, but Maximo Ibarra, CEO of the Rome, Italy-based digital technology company Engineering is preparing for the future with immersive virtual apps. Ibarra tells The Voice of Business that Engineering is pouring resources into innovative technologies in the world of healthcare, finance, fashion, and retail to guide its clients through their journey into "the digital business transformation." |
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Enel X Way Charges Up EVs for Big Business Partners in the USBy Alexis Christoforous Enel X Way is making a big push to expand its network of electric vehicle charging stations across North America. The global smart e-mobility platform of Italy's Enel Group has partnered with U.S.-based Stable Software to provide businesses and cities with information on where charging stations are needed most. |
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Female CEO Steers Italian E-Mobility Firm from Start-up to Motor Valley LeaderBy Alexis Christoforous In the heart of Italy's Motor Valley, nestled among auto legends Ferrari, Maserati, and Lamborghini, is the electric motorcycle company Energica. One of the world's leading EV motorcycle manufacturers, Energica recently sold a 70% stake in the family-run business to the U-S based electric vehicle company, Ideanomics (IDEX). |
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See you next week! Fernando Napolitano, Founder and CEO Newest Media |
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