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Steve Jurvetson is one of the commercial space industry's most successful investors. He is a partner of Draper Fisher Jurvetson, where he serves on the boards of Planet Labs, SpaceX, Synthetic Genomics and Tesla Motors.

NASA's Smartphone Nanosatellite

NASA's PhoneSat project will demonstrate the ability to launch the lowest-cost and easiest to build satellites ever flown in space - capabilities enabled by using off-the-shelf consumer smartphones to build spacecraft

When the Fast, Affordable, Science and Technology SATellite (FASTSAT) went on orbit Nov. 19, 2010, the planned mission was for 12 months. FASTSAT, developed by Dynetics in partnership with NASA's Marshall Space Flight Center (MSFC) and the Von Braun Center for Science and Innovation (VCSI), has exceeded expectations and completed 17 months of mission operations on orbit, demonstrating capabilities of an affordable ESPA class satellite. The mission has been extended through at least October 2012.