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Mikhail Kokorich

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In this name that follows Eastern Slavic naming customs, the patronymic is Valeryevich and the family name is Kokorich.
Mikhail Kokorich
Born
Mikhail Valeryevich Kokorich

(1976-10-11) 11 October 1976 (age 48)
Aginskoye, Chita Oblast, Soviet Union
NationalityRussian
CitizenshipRussia (Until 2024)
Alma materNovosibirsk State University
OccupationBusinessman
Known forFounder at Momentus (MNTS), developer of Vigoride, CEO at Destinus
Children2

Mikhail Valeryevich Kokorich (Russian: Михаил Валерьевич Кокорич, born 11 October 1976) is a Russian physicist and entrepreneur. He has founded, in Russia, the United States, and Europe, several companies active in aerospace technologies. He is best known as a CEO and founder of Destinus, developing a high-speed aircraft, a hybrid between an airplane and a rocket, in cargo delivery purpose. Previously, Mikhail Kokorich has founded and developed several companies in the space industry, including Momentus, which was listed on the NASDAQ in the summer of 2021.

Early life and education

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Kokorich grew up in Siberia. He studied in the Specialized Educational Scientific Center and the Department of Physics of NSU.[1] He finished Stanford Executive Program, and he holds an MBA degree from the Moscow School of Management.

Career

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He founded his first company, Dauria, as a student in 1997. Dauria provided mining and construction companies with blasting services and supplied chemical reagents for power, water treatment, and wood processing.[2][3] Later, he started founding companies that were focused on space and technology, such as Dauria Aerospace, Astro Digital, Momentus Space and Destinus.[4]

In 2004, Kokorich founded Chudodom, a domestic merchandise retail stores chain. In 2009 Chudodom merged with Lipetsk-based competitor Yuterra, forming the largest domestic merchandise company in Eastern Europe. In 2013, Kokorich sold his shares in the merged company to other shareholders.[5]

In 2010, Kokorich bought Technosila, one of the largest electronics and household appliance chains, after the 2008 crisis. In 2012, after financial recovery and restructuring, Kokorich sold Technosila to develop his new company, Dauria Aerospace[6]

In 2011, Kokorich founded Dauria Aerospace, with headquarters in Munich and subsidiaries in Mountain View and Moscow. In 2013, the company raised $20 million from the I2BF Global Ventures. Between 2014 and 2017, the company launched five satellites. In 2015, all of Dauria Aerospace's activities outside of Russia were halted due to the deteriorating investment climate and the geopolitical situation. Kokorich left Dauria Aerospace in the same year and co-founded Astro Digital, developing satellites for DARPA and commercial clients.

The aerospace adventure

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Momentus Space

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In 2017, Kokorich founded space transportation company Momentus in Santa Clara, California, and he has authored many of the company's patents.[7][8][9] Momentus became one of Y Combinator's most successful alumni, winning NASA iTech Prize in 2019.[10][11] Momentus raised privately $143 million and went public in August 2021, raising $247 million in an IPO.

In January 2021, Momentus Space tried to go public on the NASDAQ exchange,[12] but the IPO of Momentus Space was delayed due to a conflict with U.S. regulators: Mikhail Kokorich and Lev Hasis, being citizens of Russia, which is a "geopolitical rival", and under the U.S. national security law they are prohibited access to the technology used by Momentus, despite the fact that Kokorich is the developer of most of them.[13][14]

In January 2021, Kokorich was forced to resign as CEO and member of Momentus' board due to pressure from the U.S. Department of Defense because of his Russian nationality. [15]

In August 2021, the SEC accused the company and managers, including Kokorich, of misleading investors. Kokorich disagreed with the accusations and stated that he was a victim of the misapplication of US policy against Russian entrepreneurs. The new CEO of Momentus Space was succeeded by John Rood, former U.S. defense official.[16][17]

Destinus

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In 2021, Kokorich moved to Switzerland and founded Destinus to develop hydrogen-powered hyperplanes - hybrids between a rocket and an airplane for cargo transportation between continents. Destinus is headquartered in the canton of Vaud and has offices in Munich, Madrid, and Toulouse. In November 2021, first prototype – "Jungfrau30" - made its maiden flight. The purpose of this test was to see how the hypersonic flight geometry would perform at low speeds during the critical takeoff and landing phases.[18]

Political positions

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In 2022 Kokorich condemned the Russian invasion of Ukraine, he is one of the prominent Russians constituting the Anti-War Committee.[19][20] In January 2024, Kokorich announced that he had renounced Russian citizenship due to fundamental disagreement with government policies.[21]

References

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  1. ^ "Новосибирский государственный университет - Истории успеха". www.nsu.ru (in Russian). Retrieved 23 July 2022.
  2. ^ "Михайло Кокорич виростив космічного єдинорога, але американські урядовці побачили в ньому загрозу. Чому так складно будувати бізнес в космосі — Forbes.ua". forbes.ua (in Ukrainian). 21 December 2021. Retrieved 29 December 2021.
  3. ^ Varadarajan, Tunku (7 August 2020). "Opinion | The New 'Gold Rush in Space'". Wall Street Journal. ISSN 0099-9660. Retrieved 29 December 2021.
  4. ^ "DoD space agency launching experiments in preparation for 2022 satellite deployments". SpaceNews. 11 February 2021. Retrieved 23 July 2022.
  5. ^ "Михаил Кокорич построит спутники вместо магазинов". Ведомости (in Russian). Retrieved 23 July 2022.
  6. ^ "Владелец «Техносилы» Кокорич планирует продать бизнес и заняться космосом". Forbes.ru (in Russian). Retrieved 23 July 2022.
  7. ^ Все сначала в 45. Кокорич про SpaceX, миллиард в космосе и проблемы с военными США, retrieved 29 December 2021
  8. ^ Липанова, Лиана (16 August 2021). ""Хотел сделать хищника, а не травоядного": Михаил Кокорич об истории Momentus Space, проблемах в США и новом бизнесе — Будущее на vc.ru". vc.ru. Retrieved 29 December 2021.
  9. ^ Michaels, Dave (25 July 2021). "A Space Company's Wall Street Launch Misfires". Wall Street Journal. ISSN 0099-9660. Retrieved 29 December 2021.
  10. ^ Varadarajan, Tunku (7 August 2020). "Opinion | The New 'Gold Rush in Space'". Wall Street Journal. ISSN 0099-9660. Retrieved 23 July 2022.
  11. ^ Hall, Loura (12 July 2019). "NASA iTech Winners Impress with Tech Ideas for use in Space, on Earth". NASA. Retrieved 23 July 2022.
  12. ^ "Space startup Momentus hires former U.S. defense official as CEO". Reuters. 14 July 2021. Retrieved 29 December 2021.
  13. ^ Култаева, Дарья. "Глава Momentus Михаил Кокорич не имеет права работать с технологиями своей компании в США" (in Russian). Retrieved 29 December 2021.
  14. ^ "Как Momentus Space оказалась на бирже NASDAQ и стоит ли покупать ее акции". Forbes.ru (in Russian). Retrieved 29 December 2021.
  15. ^ "Momentus CEO resigns amid U.S. government concerns". SpaceNews. 26 January 2021. Retrieved 23 July 2022.
  16. ^ "Space startup Momentus hires former U.S. defense official as CEO". Reuters. 14 July 2021. Retrieved 30 December 2021.
  17. ^ "«Для этого нужно крылья иметь, а не погоны». Предприниматель Михаил Кокорич — об истории своего космического стартапа в США". The Bell (in Russian). 16 August 2021. Retrieved 23 July 2022.
  18. ^ "Switzerland's hypersonic aircraft to use hydrogen to fly around the Earth in 90 minutes - Green Hydrogen News". 24 August 2022. Retrieved 29 September 2022.
  19. ^ Kokorich, Mikhail (7 March 2022). "Opinion | Some of Putin's Refugees Are Russian". Wall Street Journal. ISSN 0099-9660. Retrieved 23 July 2022.
  20. ^ "To hurt Putin, steal his top students". POLITICO. 3 March 2022. Retrieved 23 July 2022.
  21. ^ "Бывший владелец «Техносилы» отказался от российского гражданства". RBC (in Russian). 14 January 2024.


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