Investment in commercial space zooms
The competition heats up: According to a new report, venture capitalists invested twice as much money last year in commercial space startups than they had in the previous fifteen years combined.
From 2000 through 2015, space startups reeled in $13.3 billion in investment cash, including $2.9 billion in venture capital. A full $1.8 billion—or roughly two-thirds—of that venture capital was invested last year alone. The influx of all that VC cash suggests a shifting perception among investors, Christensen says.
Investment in space-related startups was once largely dominated by “advocacy investors” passionate about space travel (think Elon Musk) and corporations with strategic interests in Earth orbit (telecoms, satellite TV providers, etc.). Now, thanks to a handful of very visible successes from companies like SpaceX, a broader base of investors are looking at space startups as more traditional tech investments—the kind that rapidly bring a product to market and generate revenue in the relatively near term. Those products and revenues generally have less to do with space and more to do with information, Christensen says.
Combine this with the much less significant story yesterday about how NASA received a record 18,000 applicants for a mere 14 astronaut positions and it sure appears that western society is becoming increasingly space happy.
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The competition heats up: According to a new report, venture capitalists invested twice as much money last year in commercial space startups than they had in the previous fifteen years combined.
From 2000 through 2015, space startups reeled in $13.3 billion in investment cash, including $2.9 billion in venture capital. A full $1.8 billion—or roughly two-thirds—of that venture capital was invested last year alone. The influx of all that VC cash suggests a shifting perception among investors, Christensen says.
Investment in space-related startups was once largely dominated by “advocacy investors” passionate about space travel (think Elon Musk) and corporations with strategic interests in Earth orbit (telecoms, satellite TV providers, etc.). Now, thanks to a handful of very visible successes from companies like SpaceX, a broader base of investors are looking at space startups as more traditional tech investments—the kind that rapidly bring a product to market and generate revenue in the relatively near term. Those products and revenues generally have less to do with space and more to do with information, Christensen says.
Combine this with the much less significant story yesterday about how NASA received a record 18,000 applicants for a mere 14 astronaut positions and it sure appears that western society is becoming increasingly space happy.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Maybe we’ve finally reached that hoped-for tipping point where space-travel becomes commonplace, affordable, and most important: profitable, just like air-travel did after it’s infancy.
It’s been predicted to be just around the corner for years, has it arrived?
I should have said commercial space and air instead of space or air travel.
Wasn’t it cargo and mail, not passengers that finally made airplanes commercially viable?