TAMPA, Fla. — The UK Space Agency has picked health care veteran Paul Bate to be its next CEO starting Sept. 6.
Bate is currently vice president of commercial at Babylon Health, responsible for sales around the world for the U.K.-based virtual health care services company.
Prior to Babylon he was on the board of the U.K.’s Care Quality Commission, which regulates health and social care services in England.
Bate, who has a Ph.D. in particle physics, was also the U.K. prime minister’s policy adviser for health and adult care between 2011 and 2013.
Paul Bate, incoming UK Space Agency CEO. Credit: UK Space Agency
The British government said Babylon grew 40-fold to its current $4.2 billion valuation during the five years Bate has been at the company.
News of the UK Space Agency’s incoming CEO comes shortly after Babylon announced plans to merge with Alkuri Global Acquisition Corp., a special-purpose acquisition company (SPAC).
Like the SPAC mergers that have recently swept across the space industry, the deal gives Babylon a significant capital infusion as it catapults to the public market.
A SPAC merger that quantum technology encryption venture Arqit announced May 12 made it the first space company unicorn ...