Elon Musk and Jeff Bezos are the names that come to mind when words like ‘business’ and ‘space’ appear in the same sentence. Indeed, true space enthusiasts, and billionaires to that matter, have put their fortunes on the line to pursue their space dreams. Before them, only governments and established corporations could associate themselves with space industry.
What about now? Are hundreds of millions still required to cross the high entry barrier? Do you still need your government to support you in building a satellite? Is it still as hard as rocket science is?
Well, yes. It is still rocket science. However, what SpaceX and Bezos’ Blue Origin are actually doing is turning the romanticism of the unknown worlds into the economic feasibility of space exploration. The new gold rush of space is seeing dozens and dozens of companies striving to commercialize the Moon, asteroids and Low Earth Orbit (LEO). A recently updated map of space companies by Seraphim Capital describes space start-up community as a well-established scene with its own market segments, ecosystem, and access to capital.
A few years ago,
The value of U.S. public funding received by entrepreneurial space companies from 2000 through 2018 was $7.2B across 67 companies. Even mainstream enterprise are space-driven and actively promote their activities. In June this year, Amazon held a “golden age of information” conference
Space domain provides one true benefit, which is not available in any other industry. Once you are in orbit, you are immediately able to serve the whole population of the world – our Globe is at your fingertips. Observe, discover, analyze, plan and communicate across all the boundaries. Newly developed standards, abundance and competitive nature of the supply chain provide resources for companies to execute new business ideas in space with unprecedented ease.
If you are thinking of launching a space venture — we are here to help and navigate. Precious Payload will be featuring stories of bright entrepreneurs from the industry. Our new series of interviews with successful space start-ups
More food for thought can be found here: