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He quit his banking job to start a space startup called Transcelestial

Rohit Jha, 36, is the co-founder and CEO of Transcelestial.

Courtesy of Rohit Jha

Rohit Jha calls himself a ‘nerd’.

He developed a deep love for computers, space, and ultimately science fiction in his early years.

Jha spent much of his childhood and adolescence programming games on a used computer, stargazing through a telescope on the roof of his school, and reading the works of science fiction writer Isaac Asimov.

Today, the 36-year-old is the co-founder and CEO of Transcelestial, a space technology and communications startup that aims to make the Internet more accessible by developing and deploying a network of lasers between cell towers, street-level poles, and more. A fiber-like communications network.

Rohit Jha with Transcelestial team members.

Courtesy of Rohit Jha

To date, the company has raised about $24 million, and is backed by names like Airbus Ventures, Wavemaker, and In-Q-Tel.

For the love of science fiction

A trip to fix the Internet

After graduating from university in 2011, Jha went into banking and worked in high-frequency trading at the Royal Bank of Canada. While working in banking, Jha discovered a problem.

“I finally realized why the Internet failed banking,” he said. “As part of my role in electronic trading, you’re really looking to improve latency between global trading centres. It’s huge how quickly you can get from New York to Chicago, from Chicago to London… and who has the fastest latency.”

He discovered that most of the world’s Internet comes from a vast network of fiber-optic cables laid across the ocean floor, which transmit data between continents globally. He said that laying these cables under the sea can cost billions of dollars, and they often lead to bottlenecks and breakage as a result of ocean activity.

In particular, because the process of getting the Internet to people can be very expensive, companies responsible for getting connectivity into people’s hands are often motivated “to invest only in those cities where they have a high enough chance of making a return on investment,” as He said. .

“So it boils down to an economic game, and incentives are wildly inconsistent across the board,” Jha said. While “tier one” cities like San Francisco or New York City get priority, less developed markets or outlying villages may not get the same access.

“There will never be a future where the Internet never exists unless we are eliminated…data will always grow,” meaning the gap between the haves and have-nots will also continue to widen, unless there is a change in how the Internet is provided, he said. .

Banking on the same

Big goals

In 2024, the company deployed its lasers at the Coachella and Stagecoach music festivals through its shoebox-sized device called Centauri, providing enhanced internet access to T-Mobile users attending the festivals, according to the company. statement.

In addition to its terrestrial communications business, Transcelestial has its sights set on a bigger goal: space.

The company aims to develop “a constellation of small satellites positioned in low Earth orbit, which will allow this.” [its] The laser network not only broadcasts across cities, but upwards to connect continents globally,” according to the company statement.

“What we can do is drop a fiber cable from orbit using a laser. So instead of a cable, there will be a laser coming down into the city, and that will become the backbone of the entire city,” Jha said.

Jha and his team are ultimately looking to build the next frontier.

“As humanity expands, we need high-speed communications and connectivity in deep space,” he said. Transcelestial is working to “expand into deep space and build the infrastructure needed…for automation and perhaps even for human settlements in the next two decades.”

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2025-01-12 23:33:00

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