Jeff Bezos wants to build permanent outposts on the moon and colonize space. Richard Branson wants to make spaceflight as commonplace as air travel. Elon Musk wants to settle Mars to make humanity multiplanetary.
IBX’s Kam Ghaffarian wants to go even further: the stars.
“There’s this common denominator of combining altruism, to do something purposeful and good, and combine it with capitalism to make a positive impact,” he told CNBC’s Morgan Brennan at the Space Symposium in Colorado Springs. “The vision for IBX is protecting our home, our planet, and then finding new homes and stars and everything involved to do that. So, on the space side, if we say that the ultimate destiny for humanity is interstellar travel, and going to the stars, then we need to take a lot of intermediary steps to do that.”
It might sound farfetched if it wasn’t for his track record. Ghaffarian has been instrumental in ushering in the new space economy, having co-founded and invested in a cadre of commercial space ventures.
Publicly traded Intuitive Machines, where Ghaffarian is co-founder and executive chairman, recently made history when its Odysseus spacecraft successfully landed on the moon, becoming the first commercial lander to do so.
Ghaffarian is also the co-founder and chairman of Axiom Space, which now regularly sends private astronauts on commercial missions to the International Space Station — the first company allowed to connect modules and provide full-service missions to the ISS — as it works to build its own space station.
With Quantum Space, where he’s also the executive chairman, the focus is on deep space commerce and communication through a superhighway of satellites stretching from earth orbit to the moon and beyond; X-Energy, which he founded, has developed operating nuclear reactors that it says are “designed to be intrinsically safe,” as well as nuclear propulsion capabilities.
His family office, IBX (which stands for “Imagine, Believe, Execute”) sits at the center of this space exploration constellation.
“We’ve got to do all the intermediate steps. I’m with Elon [Musk] and Jeff [Bezos], both my dear friends, to be able to first do the LEO [low earth orbit], be able to go to the moon and Mars, because we’ve got to do those before we can go interstellar,” Ghaffarian explained on CNBC’s Manifest Space podcast.
Follow and listen to CNBC’s “Manifest Space” podcast, hosted by Morgan Brennan, wherever you get your podcasts.
Unlike other high-profile billionaires building commercial space companies, Ghaffarian made his fortune through the space industry, and rather than focusing on access to space, he’s leveraging those falling costs to build out infrastructure and business activities in space.
The Iran-born entrepreneur, who emigrated to the U.S. some four and a half decades ago, co-founded a government services company called Stinger Ghaffarian Technologies that became a top contractor for NASA before KBR acquired it in 2018.
“If you create a company that is fantastic, and you develop unbelievable technologies, but nobody wants to buy it, or there is no business case, then you will have not made any difference,” Ghaffarian said. “How do you create a business model where you are purposeful, you’re making a difference, but also … can provide return to the investors in a massive way?”
Ghaffarian believes the space economy will be worth trillions of dollars — and sooner than many realize. He sees the technological leaps forward in artificial intelligence and quantum computing as crucial to unlocking the full potential of space.
He said microgravity-based pharmaceutical research and industrial manufacturing, sustainable propulsion and energy sources, and the building out of lunar infrastructure will be some of the capabilities and services in greater demand in the coming years.
“It’s normal for people to not quite appreciate it. …. When did people appreciate the AI revolution — 10 years ago? Not really, right? And all of a sudden, now we have this herd mentality that everybody’s jumping in” said Ghaffarian, who also cited the early days of Alphabet, Amazon, Apple, Tesla and SpaceX, even air travel, as templates for the space world. “I think we are in the beginning of that in this space exploration and space ecosystem, space economy, and it’s still not there, but my belief is that it is taking off and it’s going to grow rapidly, and I truly believe that they’re underestimating the size of the market.”
As investors catch on, the space billionaire’s ventures will continue to shoot for the stars.
On today’s test-acular episode of Quick Charge, it’s a new day and a new Chinese ADAS test for Tesla to conquer – but this one’s got a LOT more pedestrian carnage to parse through! We’ve also got some great e-bike deals from Retrospec and a bladder-busting Hyundai.
Today’s episode is brought to you by Retrospec – the makers of sleek, powerful e-bikes and outdoor gear built for everyday adventure! To that end, we’ve got a pair of Retrospec e-bike reviews followed up by the updated Hyundai IONIQ 6 with nearly 350 miles of range from its updated long-range battery. With that, Hyundai now has the longest range Korean EV on the market, while Texas is adding megawatts of battery energy storage to beef up its troubled grid, and it’s doing so faster and cheaper than ever before.
Plus: Quick Charge listeners can get an extra 10% off the price of their next awesome e-bike by using code ELECTREK10 at retrospec.com!
New episodes of Quick Charge are recorded, usually, Monday through Thursday (most weeks, anyway). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.
Got news? Let us know! Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.
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Although many were disappointed to hear that GM was moving away from Apple CarPlay and Android Auto, it appears that it will continue to offer them in at least some overseas markets. Cadillac plans to continue offering the popular feature in EVs sold in Australia and New Zealand.
Cadillac EVs keep Apple CarPlay, Android in Australia
Only two GM electric vehicles remain on sale in the US with CarPlay and Android Auto: the GMC Hummer EV and the Cadillac Lyriq. However, that will soon change.
GM is phasing out the popular connectivity tech in favor of its own Google-based infotainment system. The company argues that an in-house system will offer drivers more control in future EVs. GM, like many automakers, also plans to offer upgrades and subscription-based features.
In at least a few overseas markets, it’s taking a different route. Cadillac announced it will launch a new Connected Services system later this year, featuring Google built-in, for EVs sold in Australia and New Zealand.
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The Cadillac Connected Services offers a suite of connectivity features, including a mobile app and over-the-air (OTA) updates.
Cadillac Connected Services for EVs sold in Australia and New Zealand (Source: Cadillac)
Managing Director of GM Australia and New Zealand, Jess Bala, said that “The inclusion of our new Connected Infotainment experience also means that Cadillac owners will have the very latest in Google’s class-leading services, from Google Maps to the Google Assistant.”
Cadillac’s new mobile app enables drivers to check the battery level, precondition the cabin, run vehicle diagnostics, and more.
2026 Cadillac Vistiq electric SUV (Source: GM)
Despite the new service, a GM spokesperson told CarExpert that “All Cadillac Lyriq, Lyriq-V, Vistiq and Optiq vehicles coming to Australia and New Zealand will offer Cadillac Connected Services as well as wireless smartphone projection,” meaning Apple CarPlay and Android Auto.
2025 Cadillac LYRIQ luxury trim (Source: Cadillac)
The new service will roll out later this year, starting with the Lyriq. All 2026 Cadillac Lyriq buyers will receive an eight-year subscription to the new Connected Services.
Those who have already taken delivery, or do so before the service rolls out, will be offered a free upgrade from a service location.
Next year, Cadillac will launch the entry-level Optiq and three-row Vistiq. The high-performance Lyriq-V is also set to join the lineup.
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Tesla is considering building a smaller pickup truck after the Cybertruck has officially become a complete commercial flop.
When first unveiling the Cybertruck and its polarizing design, CEO Elon Musk did mention that if the controversial truck proves unsuccessful, Tesla would build a different, less polarizing one. He even suggested that Tesla already had a plan B ready to go.
The Cybertruck is now officially unsuccessful.
Tesla planned for a production of 250,000 units per year, and Musk said that it could ramp up to 500,000 units a year.
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Yet, the automaker is currently selling the Cybertruck at a rate of about 20,000 units per year. It’s a commercial flop.
The vehicle program is selling at approximately 10% of the installed production capacity.
Despite the failure, Tesla has not yet greenlit a replacement, but Tesla VP of vehicle engineering, Lars Moravy, recently discussed the potential of Tesla making a “smaller pickup”:
“We always talked about making a smaller pickup. I think in the future, as more and more of the robotaxi comes into the world, we look at those options and we think about, OK, that kind of service is useful not just for people, but also for goods. [..] We’ve definitely been churning in the design studio about what we might do to serve that need for sure.”
It’s unclear whether Moravy is explicitly referring to a smaller Cybertruck or a smaller pickup designed for cargo.
One thing is clear from the executive comment: Tesla’s priority is “robotaxi”.
Electrek’s Take
This autonomy thing is truly ruining Tesla. They are putting everything through the lens of autonomy, even this comment about making a smaller pickup truck includes “as more of the robotaxi comes into the world”.
The result is that in the last 5 years, Tesla has released a single new vehicle: the Cybertruck.
Tesla should have launched five new vehicle programs during that time, but instead, it focused only on autonomy and failed to deliver it. By now, Tesla should have two cheaper vehicle programs, a real full-size third-row SUV, the next-generation Roadster, and a minivan.
Now, Tesla finds itself having given up its lead in electric vehicles for a fake lead in autonomy, which won’t deliver real value for likely another 5 years, while competition from Waymo, Baidu, and others is pulling ahead.
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