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Blast Your Career Into Orbit!
Work in the space industry and help shape the final frontier!
In this week’s newsletter:
🔥 Special Message: The Planet Needs Your Green Skills
📈 Pulse of the Job Market
🪐 The Final Frontier Needs Your Skills!
🔭 Space Resources
🔗 Interesting Finds
🔥 Special Message: The Planet Needs Your Green Skills
Smoke blown into NYC from Canadian wildfires in the eastern provinces of Nova Scotia, Quebec and parts of Ontario
Canada is on course for its worst-ever wildfire season on record, with about 3.3 million hectares (8.2 million acres) burned so far this year, according official data. With climate change effects, a warmer atmosphere is more efficient at pulling moisture out of soils, a factor that increases fire risk.
If you want to know how to find work in Climate Tech, check out our previous post The Need for Green - How Green Tech Skills Can Help Save the Planet.
📈 Pulse of the Job Market
Notable Headlines:
Nearly 4,000 Jobs Were Lost to AI Last Month - Gizmodo
“IBM CEO Arvind Krishna said last month that the company is planning to pause or slow hiring in the coming years for roles in which AI could replace humans.” [link]
If the Economy Is So Bad, Why Is the Labor Market So Good? - Washington Post [link]
“The paradox that currently defines the US and global economies goes something like this: If business is mediocre, why do firms keep hiring more workers? And if US workers are doing less, why do bosses want more of them?”
Stats & Trends:
Employers added a whopping 339,000 jobs in May, with job gains accelerating and broadening across multiple industries. 🚀
However, the unemployment rate spiked 0.3 points to 3.7%, with more people reporting being unemployed in May. 😕
Don't worry though, when the two surveys disagree, it's best to wait for confirmation of any new trends in additional months of data. Let's keep our fingers crossed for a brighter future! 🤞
🎧 Listen While You Read
🪐 The Final Frontier Needs Your Skills!
The space industry has experienced significant growth in recent years, with several key areas showing promising trends for tech professionals looking to find jobs in this sector:
Workforce Growth: The American space workforce has seen consistent growth over the last six years, reaching its highest level since 2009, with over 155,000 jobs in the private sector and an additional 45,000 jobs in NASA and space-related military personnel. There is a 1% annual growth rate in select workforce categories, despite a tight job market. The growth is most prominent in 10 U.S. states that have deep aerospace roots and are adapting to meet the needs of fast-moving space startups.
Strong Federal Spending: A significant portion of the industry's growth can be attributed to robust U.S. federal spending on civil and military space programs. NASA is requesting more than $27 billion for 2024, including $8 billion for Moon to Mars programs and the related 2024 lunar flyby of Artemis II astronauts. The Pentagon is planning to spend over $30 billion on space programs in the same year.
Healthy Investment Activity: In Q1 of 2023 alone, there were 12 space-related acquisitions/buyouts and 28 minority venture/private equity financings, which raised approximately $681 million in funds. Additionally, five public equity-related transactions raised $78 million in gross proceeds.
Spaceport Development: The demand for space launch has led to a 48% increase in the number of planned spaceports globally over the past four years (A spaceport or cosmodrome is a site for launching or receiving spacecraft). This trend highlights an expanding infrastructure for the space industry, likely leading to more opportunities in the future.
Emerging Sectors: The space industry has branched out into ten distinct sectors, including:
Satellite Launch
Space Tourism
Lunar Landing
Earth Observation
Asteroid Mining
Satellite Internet (The satellite internet sector is predicted to be a major driver of the space market in the medium-term future)
Space Research
Space Debris
Manufacturing
Deep Space Exploration
Leading Companies: The top space companies in the world offer a wide range of job opportunities, from designing and manufacturing advanced rockets and spacecraft, to developing satellite internet services, and even making space tourism possible. Below are links to each of their job boards:
Overall, the global space industry is experiencing a renaissance of sorts, driven by continuous growth in the workforce, robust funding, innovative startups, and the rise of space tourism.
Despite facing some challenges, the industry's future looks promising, with high levels of investment and technological advancement creating a vibrant ecosystem for both existing players and new entrants. The sky is no longer the limit – it's just the beginning.
🔭 Space Resources
Now that your career in space in clearly in demand, here are some places to get you started:
Rocket Crew
Discover over 4797+ Space jobs and Aerospace Jobs. Find a Space career and aerospace career in engineering, software development, marketing, and more. Connect with the Space companies that shape the future of humanity beyond Earth.
Space Individuals
Europe’s best space-focused job board.
Space Force
While it’s nearly impossible not to think of Steve Carell as General Mark Naird on the Netflix series, Space Force might be something worth considering. You don’t need to enlist in order to find work here as they have civilian job postings as well. Did I mention you’ll get to protect Earth when an interstellar species comes looking for resources?!
🔗 Interesting Finds
Your Career is Not a Ladder [link]
“Steady upward progress is far from the only way to achieve great things in your career.”
Students in Japan are getting job-market ready with lessons on how to smile again without masks [link]
“Demand for ‘Smile instructor’ classes has increased fourfold in the last year.”
Half of finance workers would quit if their bosses required them to spend more time in the office [link]
“Four days a week or more [in the office], a lot of people will pick their head up and at least look around and see what their options are”
A WARN (Worker Adjustment and Retraining Notification) notice is a notice required by the federal WARN Act in the United States, which mandates that employers with 100 or more employees provide at least 60 days advance written notice of a plant closing or mass layoff affecting 50 or more employees.
WARNtracker.com tracks these and conveniently displays them in a database. They have also recently launched a new job board with 16,000+ jobs from over 300 companies! [website]
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