So everyone has been talking about commercial space. We’ve been thinking about how to frame the future space economy, in a way that makes sense for investors and entrepreneurs alike. Our new framework is based on “Geographies”. There are three geographical regions – Terrestrial, In-Space, and Planetary:
- Terrestrial businesses are those which create value on Earth. This is the largest and most mature region, and includes industries like Satellites and Launchers & Landers. We’ve seen near exponential growth in this region, and we anticipate this growth to continue. Companies like Planet (formerly Planet Labs) are monetizing Earth Observation today, serviced by companies like Vector building dedicated launch services for small satellites.
- In-Space businesses have products and services that are creating value in the region of space. This includes in-space manufacturing, refueling and servicing of satellites, habitat construction, and space suit design. We anticipate that these markets will drive significant growth in the coming decade, and already encompass companies like Accion Systems, Bigelow Aerospace, and Made in Space.
- The Planetary region include businesses that are adding value in the same way as other regions, but near or on the surface of a planet or moon. In other words, the products and services of these businesses get consumed on a surface other than Earth. For example: cargo to the Moon or Mars, in-situ agriculture, prospecting and mining resources. Currently, NASA is paving the technological pathway to achieve such visionary goals, but businesses like SpaceX and Astrobotic have similar ambitions and are already generating revenue along the way.
Today, space investing has evolved from a high-risk passion play for a few visionary investors, it’s part of a sophisticated and deliberate investment thesis by more of the world’s leading investors. Space Angels Network has experienced 100% year on year growth in investor membership for the past three years, recently surpassing 200 members from 24 countries.
This boom is not from one or two space companies raising a billion dollars, like we’ve seen in the late 90’s. It’s now hundreds of companies across all of the segments of the space economy, fueled by private capital. This suggests a robust and lasting foundation for growth.
There’s never been a better time to get involved in commercial space. If you’re ready to start investing in private space companies, we invite you to apply for membership to Space Angels.