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

WHERE TO BE

Check out these workshops, networking events, conferences, and other goings on in Houston this month. Photo via Getty Images

From networking meetups to startup showcases, August has a smorgasbord of 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.


August 1— Microsoft Lunch Event: The Business Case for Generative OpenAI

This event delves into the power of artificial intelligence, specifically OpenAI, and its potential to reshape the business landscape. This event aims to guide and inform professionals seeking to understand, adapt, and integrate AI into their business models.

The agenda:

9:30 to 10:00 am - Networking and coffee

10:00 am to 12:30 pm - Session starts

12:30 to 1:30 pm - Networking and lunch

This event is Tuesday, August 1, from 9:30 am to 1:30 pm at Microsoft Technology Center. Click here to register.

August 1 — Exploring Energy Investments: A Panel Discussion

In this panel-style discussion, experts will dive deep into the opportunities and challenges of investing in the future of energy. You’ll have the opportunity to discover the latest trends and innovations that are revolutionizing the renewable and nonrenewable energy landscape. From solar and wind to hydro and geothermal to oil, natural gas, and others, gain a comprehensive understanding of various energy sources and their impact on the environment, society, and your investment portfolio. After the presentation, in-person attendees will have the opportunity to pitch any deals they have to the audience.

This event is Tuesday, August 1, from 6 to 8:30 pm at Quest Trust. Click here to register.

August 2 — Solar Switch Houston Q&A Social Hour

Solar Switch Houston, a group buy program for rooftop solar panels and optional batteries offered for Houston-area residents, is offering a discussion panel to help homeowners and small businesses learn about installing rooftop solar and battery storage. Come for a question and answer social hour about Solar Switch Houston to get your solar questions answered. Appetizers and beverages will be provided.

This event is Wednesday, August 2, from 5 - 6 pm at United Way. Click here to register.

August 2 — Tenth Annual Bayou Startup Showcase

This annual event is a celebration of entrepreneurship, the newest startups and small businesses from Rice University and University of Houston accelerators, and the community supporting them. The showcase features 25 ventures from four accelerators: RED Labs, OwlSpark, RED Launch and BlueLaunch. You will be able to engage with these businesses, sign up for pre-orders, and buy products at their booths. Teams have recorded their pitches for you to learn about them in advance, watch during the event, or review afterward. RSVP now to receive updates and get early access to pitch videos, and confirm your spot at the event.

This event is Wednesday, August 2, from 5 to 8 pm at Saint Arnold Brewing Company. Click here to register.

August 3 — Side Project Society: August 2023 Meeting

Side Project Society, a community for those with technical or non-technical side projects, is hosting their monthly meeting, giving opportunities for casual networking and connecting. Guest speaker Daniel Cohen, founder of RedShift Strategists, will also share his experiences building a startup around brand positioning and content strategy.

This event is Thursday, August 3, from 6 to 8 pm at Improving. Click here to register.

August 8 — Tech + Tequila Talk - Edtech

Blue People, a software consulting services firm, is hosting a happy hour for innovators and people who are passionate about technology. Mabast Ahmad, director of technology, will discuss his experience with full stack software development and how he uses his knowledge to help entrepreneurs raised MVP.

The agenda:

5:50 pm - Sign-in and registration

6 pm - Tequila tasting

6:30 pm - Tech talk

7:00 pm - Networking and tequilas

This event is Tuesday, August 8, from 6 to 8 pm at the Ion. Click here to register.

August 10 — Executive Angel: Economic Power of Diverse Founders

Join Executive Council Network and DivInc for an informative event focused on the Economic Power of diverse Founders. Research has shown that underrepresented founders face unique challenges in accessing funding and support, which can limit their ability to scale and grow their businesses.

This event will explore the economic power of diverse founders, discussing how they are driving innovation, creating jobs, and contributing to economic growth. DivInc’s expert speakers will share their experiences and insights on the economic power of underrepresented founders, discussing topics such as how to overcome the funding gap for diverse founders, the importance of mentorship and networking, and the role of diversity and inclusion in driving innovation and growth.

The agenda:

4 to 5 pm - Welcome and networking

5 to 6 pm - Fireside chat

6 to 6:30 pm - Closing and networking

This event is Thursday, August 10, from 4 - 6:30 pm at the Ion. Click here to register.

August 10 — GROW Community Meeting

Sponsored by Green Resources & Opportunities Workforce, this community meeting is opening a discussion about green economy resources & opportunities for disadvantaged groups to engage in the energy transition and climate action.

This event is Thursday, August 10, from 11am to 1 pm at Hiram Clarke Multi-Service Center. Click here to register.

August 16-22 — Texas & Gulf Coast Science Entrepreneurs: A Guide to the Activate Fellowship 

Activate, a hardtech-focused program, recently expanded into Houston looking to build upon the region’s energy leadership with a focus on enabling a low-carbon future.

Learn about the two-year Activate Fellowship, which provides early-stage science entrepreneurs with funding, technical resources, and support from a network of scientists, engineers, technologists, and fellow entrepreneurs. Join via Zoom to get an early opportunity to learn more about the Activate Fellowship, their plans for Texas, and get your questions answered.

This online event starts Wednesday, August 16 from 11 am to noon and goes through August 22. Click here to register.

August 18 — Asian Chamber of Commerce Business Conference and Lender Matchmaking 2023

The Asian Chamber of Commerce is hosting their annual business conference, educating local business owners and entrepreneurs through resources in expanding capacity, growing operations, and building a footprint in Houston. Come listen to speakers share best practices on remaining competitive in today’s market. There will also be a lender matchmaking session administered by the SBA with over 15 approved SBA lenders for local small business owners.

The agenda:

8:30am - 9:00am Registration

9:00am - 12:00pm Business Conference

12:30pm - 3:00pm Lender Matchmaking

This event is Friday, August 18, from 8:30 am to 3 pm at Houston Community College. Click here to register.

August 28-30 — Industrial Immersive Week

The ultimate gathering of 500+ industrial, energy and engineering leaders from around the globe where the key challenges & solutions are addressed for the real-world industrial metaverse, including XR, 3D, AI, Reality Capture, Spatial Computing & Digital Twins.

The event is Monday, August 28, through Wednesday, August 30, at Omni Houston. Click here to register.

August 30 — Angel Investing in the Energy Sector

This event is sponsored by the Houston Angel Network and co-sponsored by Rice Alliance. There will be three panel sessions exploring what the energy sector needs from angel investors, including: The Greening of Conventional Oil, Gas & Power Generation; Challenges Faced by Energy Storage and Distribution; Angel Investment Considerations in the Energy Sector. There will also be four 10-minute presentations by startups in the energy sector. Admission is $100.

This event is Wednesday, August 30, from 8 am to 3 pm at Shell Auditorium. Click here to register.

August 30 — 2023 Energy Research Day

Energy Research Day will be a showcase of outstanding energy-related research by University of Houston graduate and post-doctoral students. Sponsored by the Division of Research and Graduate School, the event gives industries in the Greater Houston area a chance to see UH research up close and network with future collaborators.

This event is Wednesday, August 30, from 4 to 8 pm at the University of Houston in the Student Center South Ballroom. Click here to register.

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Elon Musk's SpaceX is about to make its debut on Wall Street

Money Moves

Elon Musk's rocket company SpaceX will make its debut on Wall Street Friday, June 12, and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. Musk, already the world's richest man, could become its first trillionaire.

SpaceX is likely to become the biggest IPO ever, with proceeds of around $75 billion. SpaceX hopes to become the first company to send people to Mars. In fact, part of Musk’s future compensation depends on SpaceX eventually establishing a colony of at least 1 million people on the red planet.

Why SpaceX is going public now

In a video conference on Musk's social media platform X, he told JPMorgan CEO Jamie Dimon that people have suggested for the last 10 years that he take SpaceX public. He's doing it now because the company plans to put 100,000 next-generation Starlink satellites into orbit. Deploying AI data centers in space is a “massive new growth base and you need capital for that,” he said.

Going public provides access to the capital that SpaceX needs. But it also exposes it to more scrutiny from shareholders and more regulatory oversight. That includes filing quarterly financial reports, which critics say incentivizes short-term thinking over longer-term planning and creates unnecessary costs for a company. Securities regulators are currently soliciting public comment on a proposal to require public companies to file the financial reports only twice every year.

How the IPO impacts the company

Musk will hold the majority of a special class of shares, giving him control over decisions related to company strategy, finances and personnel. On the latter, because of his ownership of most of these Class B shares, the only person who can fire Musk as CEO is Musk.

The company credits Musk with being the “driving force” behind its growth, innovation and success. But what happens if Musk is no longer in the picture? SpaceX warns that the loss of Musk could disrupt its ability to execute its strategy as well as hurt its “reputation and relationships with customers, partners and other stakeholders.”

The company also warns that finding a replacement with the same skills and experience as Musk would be time-consuming, if not nearly impossible. As Wedbush Securities analyst Dan Ives wrote Wednesday, “At the end of the day Musk is SpaceX and SpaceX is Musk.”

What could make or break SpaceX

Currently in the test phase, the gigantic reusable Starship rocket is key to SpaceX realizing Musk's ambitions. Much of the commercial space business hinges on SpaceX developing Starship’s capability to be fully reusable and hearty enough for a quick turnaround between flights. If that doesn't happen, SpaceX warns that putting data centers and satellites in space will take longer and cost more money, meaning it risks customers bailing on the company.

Analysts say that by pioneering reusable rockets, SpaceX has established a clear lead on competitors such as Blue Origin, led by Amazon founder Jeff Bezos. The Starlink satellite business competes with, among others, AST SpaceMobile – which is relying on a SpaceX rocket to send its latest generation of satellites into orbit next week.

The prospectus filed last week says SpaceX’s biggest potential market is the sale of business-oriented artificial intelligence products designed to transform how people get work done. It’s an opportunity SpaceX predicts would be worth $22.7 trillion if it could somehow dominate rivals like Anthropic, OpenAI and Microsoft in a highly competitive industry. But the prospectus shows no clear path to profitability for the xAI business, which merged with SpaceX earlier this year.

Why Wall Street is paying attention

If the SpaceX IPO is as successful, the stock could quickly join the Nasdaq 100, a widely followed index that tracks the 100 largest non-financial companies in the composite. That's important because some popular funds, such as the $460 billion QQQ exchange-traded fund, mimic the index and will automatically buy whatever is listed in the index.

Nasdaq recently changed its rules to allow select companies to enter the Nasdaq 100 after just 15 trading days.

S&P Dow Jones Indices, on the other hand, is sticking to established and more traditional thresholds that will not allow SpaceX or other companies with gargantuan IPOs faster entry into its S&P 500 index. That means even high-profile companies will still need to wait for their stocks to trade a full 12 months before they can enter the index.

Companies want to be in the S&P 500 in particular because it's arguably the most important index on Wall Street, with trillions of dollars either mimicking it exactly or benchmarked against it. Vanguard's VOO fund that tracks the S&P 500 has roughly $950 billion invested in it, for example.

NASA unveils Artemis III astronauts at Johnson Space Center in Houston

To the moon

NASA on Tuesday, June 9, revealed the crew for its Artemis III mission, the next step in the space agency's plan to eventually land astronauts on the moon.

The announcement came two months after Artemis II's record-breaking trip around the moon that surpassed the distance record of Apollo 13.

NASA's Randy Bresnik, Frank Rubio, Andre Douglas and the European Space Agency's Luca Parmitano won't fly to the moon or land on the surface. Instead, they’ll orbit Earth while practicing docking their Orion capsule with two lunar landers.

“To the Artemis III crew, we wish you Godspeed on the journey ahead,” said NASA administrator Jared Isaacman.

Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin are racing to deliver the lunar landers. The two-week demo is targeted for 2027. Blue Origin suffered a recent setback when its massive rocket exploded during an engine-firing test on the launch pad in Florida, shaking nearby homes and illuminating the sky with an orange fireball.

NASA's Jeremy Parsons said the setback is a learning opportunity and that the space agency is confident Blue Origin's rocket will be ready in time.

NASA's Artemis program aims to return astronauts to the moon's surface for the first time since the 1970s. A recent revamp of the program announced by Isaacman aims to fast-track it similarly to the Apollo era, adding the upcoming spaceflight around Earth before eyeing a lunar landing in 2028.

“We are certainly humbled as a crew to be able to be your crew that executes this Artemis III mission in space,” said Bresnik, Artemis III commander.

Added Douglas, mission specialist: “My brain — it is going a mile a minute right now. But my heart, it is so warm. It is so full."

In May, NASA awarded hundreds of millions of dollars in contracts to four companies, including Blue Origin, to build landers, rovers and drones for a future moon base. Isaacman said the goal of the moon base is to lay the foundation for a Mars expedition.

Meta to bring $115 million AI data center training initiative to Houston

ai workforce

Meta and Associated Builders and Contractors have entered into a partnership to invest $115 million in training programs for the construction of AI data centers, with a portion of the project launching in Houston.

The companies announced June 8 that they would open America’s Workforce Academies at ABC chapter training centers in Houston; Indianapolis; Baton Rouge, Louisiana; and Columbus, Ohio.

The academies will offer career readiness and safety training, plus five weeks of hands-on education. Participants who complete the program will be granted a job offer from contractors working on Meta projects.

“The AI revolution is bringing change but also historic opportunities,” Dina Powell McCormick, Meta president and vice-chairman, said in a news release. “Skilled workers electrified rural America one pole at a time. They manned the factories that built the arsenal that won World War II. Now a new generation will pour the foundations and lay the fiber that secures American strength in this new age.”

Overall, the Meta and ABC aim for the academies to build a more sustainable pipeline of skilled construction workers and ensure safety and job readiness for the surging number of data center projects underway.

“This new program is an innovative talent solution that is a critical part of addressing the construction industry’s ongoing workforce shortage and creates an accelerated, new-entrant strategy for job seekers ... The sustained demand for data center construction technicians means the industry needs an all-of-the-above approach to address this shortage and grow the construction talent pool,” Michael Bellaman, ABC president and CEO, added in the release.

In Texas, Meta, the parent company of Facebook and Instagram, has launched or broken ground on data centers in El Paso, Fort Worth and Temple. The company announced in March that it planned to grow its El Paso Data center by 1 gigawatt, representing more than a $10 billion investment.

Apart from Meta, Texas has attracted data center development to power other giants like Google and Amazon in recent years. In turn, Texas has been predicted to become the biggest data center market. Commercial real estate services provider JLL reported this spring that the state could topple Northern Virginia as the world’s largest data-center market by 2030. Similarly, CBRE predicted that Houston's data center capacity could double by 2028. Read more here.

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