Woman-led venture capital firm funds early-stage mission driven space technologies, leveraging unique technical and due diligence expertise in the aerospace sector.
PALO ALTO, Calif. (Stellar Ventures PR) — Stellar Ventures launched its first fund, SV Andromeda Fund LP, which recently held its final closing with over $23M in capital commitments and the mission to invest in the future of space technology. Drawing on the extensive network and technical expertise of aerospace engineering partner Stellar Solutions, Inc., Stellar Ventures is uniquely positioned to identify leading terrestrial and orbital space technology companies in early growth stages.
Investing in space start-ups reached nearly $15-billion in 2021 (Bryce Tech, 2022). The roughly $350-billion global space market could surge to over $1 trillion by 2040 according to Morgan Stanley’s Space Team estimate with strategic public-private partnerships producing innovative, integrated solutions.
by Josef Aschbacher Director General European Space Agency
There is no need to point out the importance of commercialisation in the space sector. It has been implemented and visibly demonstrated in all corners of the world. The commercialisation of space has entered a new dimension with the digital sector massively investing in the space sector, giving it the attention, credibility, funding and even celebrity the American space industry needed to grow colossally and at a very quick pace. Its success set off a ripple effect overseas, encouraging similar investments in space industries in Japan, China, India, UAE, to name a few. Around the globe, countries have been further encouraged to heavily invest in space after being woken up to the great economic, societal and strategic benefit potential the sector promises.
Certainly, the US has led the way more than a decade ago, but today basically every country puts a huge emphasis on putting the commercial sector into the driving seat for “NewSpace” projects, however you may wish to define NewSpace.
PARIS (ESA PR) — ESA will give the most promising European space applications, services and technologies the chance to access a substantial new source of venture capital finance.
ESA has signed an agreement with the £83 million (€116 million) Seraphim Space & Special Situations Fund to work alongside ESA’s Advanced Research in Telecommunications Systems (ARTES) Applications programme. The Fund will also back other space-related investment opportunities beyond ESA.
Venture capital fund backs business opportunities from space ESA Press Release
Aug. 23, 2010
Two start-up companies offering a computer game to compete live with real racing drivers and communication handset for outdoor enthusiasts, both made possible thanks to space technology, are the first to receive funds from ESAâ€™s new Open Sky Technologies Fund.
Space Angels Network, LLC, a national network of seed- and early-stage investors focused on aerospace-related ventures, announced today its initial group of â€œFounding Membersâ€â€”individual accredited investors with significant experience in aerospace ventures.
â€œSince our Founding Members form the core of our organization by actively helping with strategic advice, deal flow, and membership recruitment, we sought individuals with extensive experience in both angel investing and also aerospace ventures,â€ said Guillermo SÃ¶hnlein, founder and managing director of Space Angels Network. â€œThey play a critical leadership role in screening deals, conducting due diligence, and negotiating terms. We value their time and commitment, and we look forward to working with them as we grow our community of aerospace-focused accredited investors.â€
Although much money has been invested in start-up commercial space companies, the industry has yet to attract the mainstream venture capitalists who fueled the development of computers and the Internet, Investor’s Business Daily reports.
However, experts believe that the time isn’t too far off when venture capitalists will put serious money into the field.
“The investment community has very much a herd mentality, and what we need is a Netscape event,” said X-Prize founder Peter Diamandis, referring to the Internet pioneer’s initial public offering. “Until then, (this industry) will rely on private benefactors who are very passionate about space.”
National Space Society Executive Director George Whitesides, who also is a consultant for Virgin Galactic, agreed. “We’re at a dynamic moment in space history. We have a handful of very credible players who very soon will start launching things and people into space,” he said.
Imaginova Corp. and Esther Dyson of EDventure announced today that they will jointly present Flight School 2008:Where the Rubber Meets the Clouds. The intensive three-day workshop allows participants to identify and address the major challenges facing entrepreneurs in private aviation and commercial space. Flight School 2008 will take place June 4 to 6 at the St. Julien Hotel in Boulder, Colorado.
Flight School 2008 participants will include entrepreneurs, marketers, equipment manufacturers, aircraft and facilities operators as well as analysts, investors and regulators. They will come together to share experiences, refine strategies and better understand each other’s common pursuits and competitive positions.
“Personal spaceflight and private aviation start-ups are transforming the establishment in an exciting way,” said Dyson, creator of the Flight School workshops, chairman of EDventure and former host of PC Forum. “Years ago, I watched the Internet and the PC transform information technology from a world of scientists and government-funded high priests into a vibrant, innovative sector of commercially energized and fearless start-ups who have changed the world. Flight School2008 is assembling the pioneers who will lead a similar transformation in air and space.”
Planned discussion topics for Flight School 2008 include:
The air traffic control challenge: Growing up around an old model
Air taxis: What have we learned so far?
Air charter economics: Can they last?
Safety, reliability and innovation
Environmental issues: Facing the facts
Finance: Where the money meets the clouds
Insurance and legal issues
Sizing the commercial space market
The aftermarket: Hotels, tours and training
Flight School 2008 workshop sessions will be moderated by Dyson; Lon Rains, Editor-in-Chief of Space Newsand Christian Kjelgaard, Senior Editor of Aviation.com.