Private space raised nearly $1 billion the first quarter of 2018
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar to the right or below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Capitalism in space: A survey of the money raised in the first quarter of 2018 has found that commercial space has raised nearly $1 billion, all from non-government sources.
The April 10 report by Space Angels, a fund that invests in early-stage space companies, concluded that there was $975.8 million in non-government equity investment in space companies in the first quarter of 2018. That would put the industry on a pace for nearly $4 billion for the year, a figure similar to the estimate made by Space Angels for investment in the industry in 2017.
Just over half of that total for the first quarter, though, came from a single investment identified by Space Angels: a $500 million investment in SpaceX led by Fidelity Investments. That investment is intended “to drive development of their satellite communications network, Starlink,” the report stated.
It appears from the article that the bulk of the investment capital went, not to launch rocket projects, but to satellite proposals. Even so, those satellites will have to get launched, so investment in private rockets is sure to go up in the coming years.
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar to the right or below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Capitalism in space: A survey of the money raised in the first quarter of 2018 has found that commercial space has raised nearly $1 billion, all from non-government sources.
The April 10 report by Space Angels, a fund that invests in early-stage space companies, concluded that there was $975.8 million in non-government equity investment in space companies in the first quarter of 2018. That would put the industry on a pace for nearly $4 billion for the year, a figure similar to the estimate made by Space Angels for investment in the industry in 2017.
Just over half of that total for the first quarter, though, came from a single investment identified by Space Angels: a $500 million investment in SpaceX led by Fidelity Investments. That investment is intended “to drive development of their satellite communications network, Starlink,” the report stated.
It appears from the article that the bulk of the investment capital went, not to launch rocket projects, but to satellite proposals. Even so, those satellites will have to get launched, so investment in private rockets is sure to go up in the coming years.
The zero interest rate policy that has concentrated trillions of dollars to the already rich, at least has the good consequence that some of these central bank billionaires are crazy enough to wanna go to space. Much better than if the same trillions had been concentrated to the politicians, who all completely lack imagination.