10+ can't miss Houston business and innovation events for July

WHERE TO BE

Don't miss these July events — from meetups to hackathons. Photo via Getty Images

From networking meetups to expert speaker summits, July is filled with opportunities for Houston innovators.

Here's a roundup of events you won't want to miss out on so mark your calendars and register accordingly.

Note: This post may be updated to add more events.

July 4 — Houston Blockchain Alliance Monthly Meetup

Check out the Houston Blockchain Alliance Monthly Meetup at The Cannon, in partnership with Lucrisma, Event Horizon Capital, and CryptoEQ. This in-person event is a great opportunity to connect with fellow blockchain enthusiasts in the Houston area. Whether you're a beginner or an expert, come and engage in lively discussions, share insights, and network with like-minded individuals.

This event is Thursday, July 4, from 5:30 to 7:30 pm at The Cannon. Click here to register.

July 9 — Software Day at the Ion: An Intro to Central Texas Seed Stage VCs

Over the course of 2-hours, first-time entrepreneurs looking for guidance or seasoned founders needing help tackling tough challenges will have access to a group of curated mentors from the Mercury network and gain insights and guidance tailored to their needs. Speakers on the panel "An Intro to Central Texas Seed Stage VCs” include: Eric Engineer, S3 Ventures; Rajiv Bala, Clutch Ventures; Cat Dizon, Active Capital; Mike Marcantonio, LiveOak; and moderator Aziz Gilani, Mercury.

This event is Tuesday, July 9, from 3:30 to 7 pm at The Ion. Click here to register.

July 9 — Tech+Tequila Talk: The Future of Tokenization and Capital Raising

Guest speaker, Ed Nwokedi, the Founder and CEO of RedSwan CRE Marketplace will unpack the process of converting ownership rights in an asset into digital tokens on a blockchain, how tokenization allows for fractional ownership, and the impact these innovations can have on capital raising and asset management.

This event is Tuesday, July 9, from 8 to 8 pm at Esperson Building. Click here to register.

July 11 — Out in Tech Mixer

Out in Tech Houston provides an inclusive networking space for LGBTQ+ people and allies working in tech. Check out this relaxed, social-mixer event, hosted on the second Thursday of every month.

This event is Thursday, July 11, from 7 to 8:30 pm at Second Draught. Click here to register.

July 15 — 2024 Young Leaders Institute: Renewable Energy and Climate Solutions

Asia Society Texas' Young Leaders Institute (YLI) is a week-long summer program for high school students that promotes global competence, elevates leadership skills, and connects students from across diverse backgrounds and experiences. The Institute invites students to explore some of the most timely, relevant global issues for young leaders today.

This event starts Monday, July 15, from 8:30 am to 12:30 pm at the Asia Society Texas Center. Click here to register.

July 17 — Open Project Night at Impact Hub Houston

A chance to work on solutions for some of Houston’s most pressing issues, the theme of this month's meeting will be gender equality. Network and workshop pitching materials with likeminded entrepreneurs.

This event is Wednesday, July 17, from 5:30 to 8 pm at 808 Travis St. Click here to register.

July 18 — First of a Kind (FOAK) Networking Lunch

Inspired by the recent FOAK Roundtable hosted by Deanna Zhang, the Energy Underground team of professionals are diving deep into the world of innovative initiatives. Whether you're a seasoned professional or just dipping your toes into the realm of groundbreaking projects, this lunch is for you. The Energy Underground is a group of professionals in the Greater Houston area that are accelerating the Energy Transition.

This event is Thursday, July 18, from 12 to 1 pm at The Cannon West Houston. Click here to register.

July 20 — FIONA: 5th Annual HACKATHON

Get ready for a day filled with coding challenges, teamwork, and innovation. Whether you're a seasoned coder or just starting out, this event is great for anyone passionate about technology and creativity. Go in person a day of brainstorming, coding, and presenting your projects to a panel of judges. Collaborate with fellow hackers, learn new skills, and showcase your talents.

This event is Saturday, July 20, from 11 am to 2 pm at 15500 Voss Rd. Click here to register.

July 24 — Houston Methodist Clinician Speaker Series

Dr. Desai, Vice President, Chief Operating Officer, and Chief Medical Officer & Chief Quality Officer at Houston Methodist Cypress Hospital, will discuss the plans for Houston Methodist's ninth hospital which is scheduled to open in early 2025.

Agenda:

4:30pm - Arrival & Registration

5:00pm - Presentation by Dr. Desai

5:30pm - Audience discussion

6:00pm - Event concludes

This event is Wednesday, July 24, from 4:30 to 6 pm at The Ion. Click here to register.

July 25 — DivInc Demo Day: Sports Tech Spring 2024

The Spring 2024 Sports Tech Demo Day will be a celebration and showcase of the growth of founders using technology to enhance human performance, fan experience, fantasy sports & betting, future of media, NIL innovation (i.e. Name, Image, Likeness), and stadium & venue innovation.

This event is Thursday, July 25, from 6:30 to 7:30 pm at The Ion. Click here to register.

July 30 — Texas Small Business Expo

Texas Small Business Expo is a trade show, educational business to business conference, exhibition & networking event for entrepreneurs, start-ups and anyone who owns a business. Network, build new business relationships, and learn from industry experts on how to enhance your business.

This event is Tuesday, July 30, from 4 to 9 pm at Wakefield Crowbar. Click here to register.


Ad Placement 300x100
Ad Placement 300x600

CultureMap Emails are Awesome

Property Showcase

SpaceX IPO set to be biggest ever and could make Elon Musk a trillionaire

IPO News

SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire.

The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The estimated proceeds would easily top the $26 billion raised by oil giant Saudi Aramco in 2019. The offering would also give SpaceX a market value of $1.77 trillion. Only six companies in the S&P 500 are currently worth more, with Nvidia tops at $5.2 trillion.

Besides the size of the offering and the expected proceeds, SpaceX's amended prospectus updates details about how much control of the company Musk will have. As SpaceX's CEO, chief technical officer and chairman, Musk's voting power will come primarily through his ownership of 5.22 billion Class B shares, which give the holder 10 votes for every share held. According to the filing, Musk would have 82.4% of the voting power in the company.

Forbes currently values Musk's net worth at $826 billion and his stake in SpaceX at $542 billion. The estimated value of his SpaceX holdings was based on an overall value for the company of $1.25 trillion. Based on those numbers, a $1.77 trillion valuation for SpaceX would boost Musk's net worth by $223 billion, making him a trillionaire. However, much of Musk's worth is in stock that he has yet to cash in.

Even as it makes a bid for a blockbuster market debut, SpaceX is currently losing billions of dollars a year. The filing shows that the company lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up at the start of this year, too.

Fantastical plans

Time will tell how SpaceX fares on the market. Musk's plans for the company are as fantastical as the money he hopes raise in the sale.

Colorful, even frightening in parts, the IPO document strikes a contrast with the typically dry, technical prose in IPO documents, detailing plans to use proceeds from the sale to help put men on the moon again and perhaps even Mars. In one section, it talks of a need to build "a permanent human colony" on the red planet with "at least one million inhabitants" as existential threats loom that could consign man to "the same fate as the dinosaurs."

Musk has almost equally ambitious plans for his other publicly traded company, Tesla. His goal is to transform the maker of electric vehicles into a producer of robotaxis and humanoid robots. Dan Ives of Wedbush Securities wrote in a research note that he expects Tesla and SpaceX to merge next year.

AI plays a key role

Key to the success of both companies — and any merged entity — is artificial intelligence. In its IPO filing, SpaceX says it sees potential revenue from AI of up to $26.5 trillion. But that depends on another lofty Musk ambition — putting data centers in space, which is not technologically possible at the moment.

Transforming his space company into a primarily AI-focused company will be a challenge for Musk, who started xAI in 2023 with 11 other co-founders who have all since left. Some were recruited away by rivals.

Its main AI product, the chatbot Grok, is "less impressive than anything that we see from any other major player in the space, whether that's OpenAI, or Anthropic, or (Google's) Gemini," said IDC analyst Arnal Dayaratna.

Dayaratna said that doesn't mean SpaceX doesn't have potential as a major AI player, thanks in part to its computing partnership with Anthropic and Musk's recent deal that gave SpaceX the rights to buy AI coding tool Cursor for $60 billion later this year. Folding in Cursor's capabilities would give SpaceX access to the coveted business customers now using Anthropic's Claude or OpenAI's ChatGPT.

SpaceX plans to use the net proceeds from the IPO to fund the expansion of infrastructure for its AI and rocket businesses, and to beef up the constellation of satellites that power Starlink Mobile, among other investments.

The company plans to list on the Nasdaq under the symbol "SPCX" and could begin trading as soon as the end of next week.

And SpaceX isn't the only colossal market debut investors are now bracing for. Earlier this week, Anthropic submitted a confidential filing with the U.S. Securities and Exchange Commission to officially start its own IPO clock.

OpenAI has not yet reported filing the initial SEC paperwork, but an IPO from the ChatGPT maker is widely expected.

"This listing represents the first major test for public markets after years of muted IPO activity with SpaceX paving the way for AI giants Anthropic and OpenAI to follow soon after," Ives wrote.

___

Associated Press Technology Writer Matt O'Brien contributed.

New UH survey reveals concerns over AI data center growth in Houston

data findings

A new report out of the University of Houston shows that area residents remain wary of the long-term effects of operating data centers.

The recent survey from the University of Houston’s latest SPACE City Panel, conducted by the Center for Public Policy at the Hobby School of Public Affairs, shows that while 85 percent of Houston-area residents use AI, nearly 63 percent oppose the construction of AI data centers within 1 mile of their homes.

Respondents’ concerns centered around data centers’ high energy demand and the area’s power grid reliability. According to the survey, 32 percent of residents who oppose local data center projects would be more likely to support the centers if they relied on renewable energy over fossil fuels.

“Respondents understand that AI can bring economic and educational benefits, but they are also concerned about the physical infrastructure needed to fuel AI, especially data centers,” Soran Mohtadi, post-doctoral fellow at the Hobby School and a researcher on the report, said in a news release. “This physical infrastructure demands more electricity and water, leading to environmental impacts.”

Experts estimate that 6.5 gigawatts of data center capacity will be added to the Texas grid by 2030. And Houston’s data center capacity is predicted to more than double by 2028.

The Electric Reliability Council of Texas also projects electricity demand could reach 218 gigawatts by 2031, which would be more than double the record peak set in August 2023. Data centers are expected to account for 86 gigawatts of that new demand.

Survey respondents also said they are concerned about the state's future water supply, given the large amounts of water that data centers need to stay cool.

In terms of who’s responsible for that issue, 57.6 percent of respondents said they put the onus on Texas lawmakers, while 31.5 percent say tech companies should be responsible.

Additionally, more than 75 percent of respondents believed that data center developers and technology companies—not residents—should bear the cost of infrastructure upgrades to support data centers.

“Every decision legislators make has implications on residents’ everyday lives and local infrastructure now and in the future,” Maria P. Perez Arguelles, lead researcher on the report and research assistant professor at the Hobby School, added in the news release. “This issue is going to become more important in years to come, so this is just the beginning.”

Read the full report here.

Houston-born Cemvita makes breakthrough in sustainable fuel production

clean fuels

Houston-based biotech company Cemvita announced that it recently reached a critical milestone in the development of its FermOil product, which can be used to create Sustainable Aviation Fuel (SAF) and other renewable fuels at industrial scale.

The company shared in a news release that it completed a 75,000-liter industrial fermentation run at Belgium's Bio Base Europe Pilot Plant.

The campaign achieved target technical metrics for the production of FermOil, Cemvita’s renewable natural oil (RNO). FermOil is produced from industrial crude glycerin, an industrial byproduct, as opposed to traditional sugar-based feedstocks used in many bio-oil fermentation processes. It's designed to be a drop-in feedstock for creating SAFs.

Cemvita had previously advanced its FermOil production process through multiple scale-up stages before successfully reaching the 75,000-liter demonstration campaign, according to the company.

“This is not just a fermentation milestone,” Moji Karimi, CEO at Cemvita, said in the release. “It is a blueprint for how existing industrial infrastructure can evolve into circular bioeconomy infrastructure. Every biodiesel plant generating crude glycerin is a potential platform for renewable natural oil production.”

The milestone also supports the deployment of Cemvita’s industrial biomanufacturing platform, FermWorks, which integrates with existing energy and industrial infrastructure to turn waste carbon streams into SAFs and other materials. According to the release, Cemvita plans to move forward with commercial deployment discussions with partners in Brazil, Europe and in the UK. Cemvita already has a partnership with the Brazilian sustainable research institution REMA.

“We are proud to support innovative companies like Cemvita in scaling breakthrough industrial biotechnology solutions,” Hendrik Waegeman, head of business operations at Bio Base Europe Pilot Plant, added in the release. “Successfully operating at the 75,000-liter scale using a feedstock such as crude glycerin highlights both the maturity of the technology and the quality of the scale-up execution achieved by the Cemvita team.”

---

This article originally appeared on our sister site, EnergyCapitalHTX.com.

View All Listings