Private space raised nearly $1 billion the first quarter of 2018
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.
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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.
In order to remain completely independent and honest in my writing, I accept no sponsorships from big space companies or any political organizations. Nor do I depend on ads.
Instead, I rely entirely on the generosity of readers to keep Behind the Black running. You can either make a one time donation for whatever amount you wish, or you sign up for a monthly subscription ranging from $2 to $15 through Paypal, or $3 to $50 through Patreon, or any amount through Zelle.
The best method to donate or subscribe is by using Zelle through your internet bank account, since it charges no fees to you or I. You will need to give my name and email address (found at the bottom of the "About" page). What you donate is what I get.
To use Patreon, go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
For PayPal click one of the following buttons:
If these electronic payment methods don't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
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.