Editor’s Note: This is the first in an occasional series of profiles of people helping to lead the commercial space industry, which NASA Deputy Administrator Pam Melroy has called “the envy of the world.” Everyone knows who Elon Musk and Jeff Bezos are. But there are many other people working to usher in a future in which spaceflight is sustainable and economic activity in space is profitable. These are some of their stories.
Dylan Taylor seemed almost in shock when we spoke by telephone in late October.
“This,” he said, his voice breaking, “has been a dream of mine for almost my entire life.”
Taylor had called to say the crew lineup for the third human flight of Blue Origin’s New Shepard flight had been finalized, and he was among four paying passengers. The flight, launching on Saturday from West Texas, will include higher-profile crew members. Notably, Good Morning America co-anchor Michael Strahan and Laura Shepard Churchley, the eldest daughter of Alan Shepard, are both flying as guests alongside Taylor, Evan Dick, Lane Bess, and Cameron Bess.
But for commercial space, Taylor is one of the most consequential space entrepreneurs yet to go to space, perhaps second only to Blue Origin founder Jeff Bezos and Virgin Galactic’s Sir Richard Branson, who both flew earlier this summer.
Flying on New Shepard this week is an important step in Taylor’s personal journey, and he hopes to share the experience with others. In 2017, he founded Space For Humanity, which is buying seats on New Shepard and Virgin Galactic’s VSS Unity spacecraft to create opportunities for “citizen astronauts.” The goal is to sponsor people from all over the world to go to space, experience the overview effect, and return to Earth to share it with their communities.
But his impact goes far beyond simply spreading awareness of spaceflight. In recent years, Taylor has had an increasingly important, if quiet, influence on the development of commercial space. He is chairman and founder of Voyager Space Holdings, which has built a portfolio of new space companies. One small Voyager company, Nanoracks, recently won a $160 million contract from NASA to begin developing a commercial space station in low Earth orbit.
For Taylor, this marked a hugely validating moment. He counts himself as one of “Gerry’s kids,” a cohort of idealistic space cadets who believe humans should settle space and that the best place to do so is in massive O’Neill cylinders—first theorized by physicist Gerry O’Neill—orbiting Earth and the Moon. Privately developed space stations represent a concrete first step toward this goal.
“I’m a true believer,” Taylor, 51, said. “If the end state is O’Neillian, the way my brain works is—what are the obstacles and what are the constraints, and how do we overcome them?”
There are already plenty of companies building rockets, he believes. So the biggest constraint now is the development of economic activity in space, giving humans a purpose to go there.
His answer ultimately has come in the form of Voyager, which he describes as a “sustainable and benevolent” operating company. It seeks to acquire promising small space companies focusing on in-space activities, such as habitats, mitigating orbital debris, and satellite servicing. Taylor looks at the new space industry and sees a lot of companies struggling, even though they have good ideas. Maybe they have capital constraints or can’t scale easily.
Through Voyager, Taylor wants space entrepreneurs to do what they do best: innovate. So Voyager acquires their companies, provides the funding they need to scale, and helps with the business side of things. In this way, Taylor might best be seen as someone who helps promising new space companies survive the “valley of death” most startups go through.
Getting into business
Taylor grew up in Idaho and is the son of a metallurgical engineering professor at the University of Idaho. He was an avid baseball player and enjoyed the social side of school more than academics. Still, he got good enough grades to go to almost any school in the country, eventually choosing the University of Arizona because he liked the sunshine. Taylor followed in his father’s footsteps and studied engineering, but he knew he wanted to eventually become a lawyer or businessman.
After graduating from college in 1993, Taylor took a job with a Switzerland-based electronics company, Saia-Burgess, in Chicago. He got in at the right time as just one of a handful of employees in North America. Seven years later, Taylor was a general manager at a company with a few thousand people in the United States. By the turn of the century, he was not yet 30 years old, and he was already a sharp young engineer who had earned an MBA and understood the fundamentals of global business.
At the time, Saia-Burgess moved its North American operations to Troy, Michigan, to be closer to its automotive customers. Taylor disliked the new location and moved back to Chicago to be with his friends and a girlfriend who became his wife. He took a job with LaSalle Partners, which offered investment banking and real estate services. Taylor received several promotions and eventually hired on with Colliers International, a private equity firm in Toronto, in 2009.
Again, he caught a company on the upswing. Over the next six years, Colliers’ annual revenue increased from $400 million to about $3 billion. Taylor also rose to become CEO of the Americas. In 2015, the company went public, and Taylor owned “a significant part” of it. “That was a pretty life-changing event for me,” he said.
But then, in 2019, Colliers fired Taylor for “insider trading.” He was working as CEO of its real estate services division. This could have been another life-changing event, albeit not in a good way. A subsequent investigation, however, found there had been no improper dealings. “Long story short, I had decided to leave,” Taylor said. “And then as I was leaving, there was a disagreement that was completely resolved.” Taylor and Colliers issued a joint statement, amicably settling the matter.
Taylor had wanted to leave Colliers after about a quarter-century in the business world because he was increasingly interested and passionate about spaceflight. He had first started to engage in space as far back as 2007, when he met Space Adventurers co-founder Eric Anderson at the World Economic Forum in Davos, Switzerland.
By then, Taylor was already financially set for life. “I’m sitting at the World Economic Forum, and supposedly you’re king of the world,” he said. “You have more money than you need. Yet, you’re not feeling fulfilled. I started to think about my purpose.” Taylor soon realized that his purpose was to help humanity extend its reach into space to become a spacefaring species. Taylor ended up investing in Anderson’s ventures, and the aerospace engineer began introducing Taylor to his network.