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The Black Lives Matter mural in D.C. from space. Photo: ©2020 Maxar Technologies

As protests against police brutality and violence erupted around the world, space companies have spoken out in support of those taking to the streets.

Why it matters: These statements suggest that the industry at large is trying to engage with what's happening on the ground and how it affects its employees.

Driving the news: Blue Origin, Axiom Space, Virgin Orbit and others released public statements.

  • The Planetary Society's statement commits the organization to fight racism and find concrete ways to make its portion of the industry more inclusive and diverse.
  • For All Moonkind, a nonprofit, is sponsoring a "Race in Space" webinar on June 18 to bring the conversation about race in the industry to a wide audience.
  • Phase Four — a company focusing on building a new kind of thruster — put out a statement explicitly in support of the Black Lives Matter movement and donated to ACCE Action as well.

Yes, but: It's not yet clear whether these statements of support will translate into specific action focused on bringing more diversity to the industry.

  • 87.5% of aerospace industry workers identify as white and 5.6% identify as black or African American, according to 2019 numbers from the U.S. Bureau of Labor Statistics.

Go deeper

Dion Rabouin, author of Markets
Sep 2, 2020 - Economy & Business

Hotels warn: "Our industry is in crisis"

Data: AHLA; Chart: Axios Visuals

Congress will return from its late summer recess soon and the hotel industry is pushing for new economic relief, warning that six months into the coronavirus pandemic in the U.S. it "remains on the brink of collapse."

What it means: A new report from the American Hotel and Lodging Association finds that heading into Labor Day weekend, which would normally be a boom time for the industry, 14% of hotels are booked, compared to 41% in 2019, and overall demand remains well below normal levels.

Miriam Kramer, author of Space
Sep 1, 2020 - Science

Rocket scientist Tory Bruno's vision of the future

Aïda Amer/Axios. Photo: NASA

United Launch Alliance CEO Tory Bruno believes humanity's push to explore the solar system could one day reduce poverty on Earth.

Why it matters: ULA is the workhorse of the space industry, with a high rate of success for the rockets it flies and big government and commercial contracts. It is well-positioned to one day act as the ride for companies and nations hoping to push farther into deep space.

Dan Primack, author of Pro Rata
13 mins ago - Economy & Business

IPOs keep rolling despite stock market volatility

Illustration: Aïda Amer/Axios

Stock market volatility is supposed to be kryptonite for IPOs, causing issuers to hide out in their private market caves.

Yes, but: This is 2020, when nothing matters.