Mark Stokes and Dr. Thomas Clayson: Restructuring the spacecraft industry with Magdrive Ltd.
Top 10 Most Influential CEOs to Watch Out in 2021 Vol - I
Inspired by sci-fi movies and realizing the potential in the
field to innovate new and better things, Mark Stokes and Dr. Thomas Clayson
co-founded Magdrive to open the land of new opportunities.
Mark adds, “Our imagination was so much further ahead, but it
all felt doable! When Thomas and I started bouncing ideas off each other at
Imperial, we wanted to solve the biggest bottleneck in space-propulsion, to
enable an entirely new existence in space.”
Behind the curtains
Being inspired by the Star Trek movies, Thomas understood
the potential of the spacecraft industry. He felt that there were a lot of
things left to invent, and with the proper technology, they can explore the
vast boundaries of space.
He completed his undergraduate and Ph.D. at Imperial in plasma
physics. Following his Ph.D., he worked at First Light Fusion, where he helped
design and build their flagship fusion research machine, the largest pulsed
power machine in Europe. He adds, “My greatest personal achievement is
definitely my Ph.D. It was a four-year test of determination, but an amazing
experience that shaped me as a person.”
Mark first studied Classics at university, and he was struck
by the achievements of people who lived 2000 years ago that still affect the
modern-day. While completing his engineering, he realized the gap between the
things left to invent and the ones that were invented. With the spirit to
transform the industry and mark his presence, he collaborated with Thomas and
co-founded Magdrive.
Learning lessons and structuring their way
Both state that they dabbled in a few side hustles in the
past whilst working in their main day jobs. However, they learned very quickly
that to invent something in transforming, they have to commit all their time
and resources to their prime aim.
Thomas worked on the theory of an electrical rocket large
enough for manned transport, but he kept facing technological hurdles. With
Mark, he found a partner to bounce off ideas.
Mark suggested to dream a little bit smaller first and
design a thruster for satellites, which was a perfect industry for them to
start with due to its current size and forecasted growth.
Both felt more comfortable with jumping off the deep end,
quitting their jobs, and setting up Magdrive. They state, “It has been an
incredible 12 months since we incorporated. We’ve managed to secure investment
much quicker than anticipated, build a core team and move to a proper lab. We
now have all the resources we need to develop a prototype that will work in
space!”
Bringing a change in the industry with Magdrive
As satellites are evolving to be smaller and agile, the
development of non-chemical propulsion technology to serve them effectively has
not kept up.
From a total of 385 small satellites launched in 2019, it is
expected that over 6000 will be launched in 2023, including SpaceX’s Starlink
and Amazon’s Project Kuiper. There will be exponential growth in satellites
orbiting the Earth, which leads to the big issue of space junk and collisions.
This is escalating the risk of potential collisions.
Even with the collision detector, the system will soon
become overwhelmed by the huge increase in traffic, and the number of last-minute
collision detections will rise.
Both states, “Current propulsion systems cannot achieve the
high thrusts needed for a last-minute avoidance, and doing this often means
that a lot of fuel is used up just on avoiding junk. A Magdrive will be able to
perform this maneuver, time and time again when needed.”
Magdrive’s miniature thruster burns 100 times hotter than
existing rockets that are contained by a unique magnetic field topology that
confines a high-density plasma.
Its thrust and efficiency ratios are a technological leap
ahead of any other existing electrical thrusters, which opens up the satellite
industry to completely new types of space missions that were not possible
before without resorting to much larger, expensive, and heavier chemical
thrusters.
Mark and Thomas express, “The space industry is a closely-knit
group, of which we are already embedded in. We’re continuing to making steps to
further integrate with the community’s sphere of influence. This involves
building our presence in the community by being visible at events and
conferences and building an ongoing relationship with the media and our future
customers.”
Life as CTO and CEO for Thomas and Mark
Being the CTO of the company, Thomas oversees the technology
development. He states, “As we’ve expanded, this has changed from doing
everything myself to instead facilitating and supporting our incredibly
talented engineers. A lot of my time is focused on company building, growing
the team, securing funding, acquiring equipment, and interacting with future
customers.”
As the CEO of the company, Mark has a hold on everything
that is not related to technology. He adds, “I make sure we get things done
according to our overall roadmap, talking to potential investors, seeking
funding through grants, and finding potential customers. I’m also working to
raise Magdrive’s profile wherever I can with publications, articles, podcasts.
I’m still an engineer at heart, so I like to get back into the technical work
when I can!”
Both of them take their employees as a well-knitted team.
They allow them to work in their own space and contribute to the vision of the
company in the best possible ways. They want this to be the last job for
everyone because eventually, no one will know more about the Megdrive than the
foundational team who got it into space.
Achieving work-life balance together
Mark and Thomas believe that to achieve new heights and
build a transforming technology, they have to invest a lot of time in the work
with their team. Still, they understand the need for off-time and motivate each
other to take a rest on the weekends.
This off-time allows them to recharge their batteries and
take the upcoming challenges with positive energy. With COVID restriction, they
work from their home, connect with their teams to get feedback, and help each
other with their issues.
Future plans for Magdrive
Both the co-founders state, “Just as the jet engine
transformed aviation, Magdrive will be the catalyst for a new space age.
Building a presence in the satellite industry is our first phase. Our next
phase will be scaling up the technology for much larger manned spacecraft with
performances that are comparable to chemical and nuclear thrusters, but without
the hazardous drawbacks that chemical and nuclear options have as we are a
renewable and electrical solution.”
They are targeting to build a technology that will enable
new missions in space that aren’t possible right now with existing propulsion.
They aim at transforming space for the benefit of people on Earth.