Advancements in technology are making it much cheaper to launch vehicles into space, driving new interest in an industry that has long been dominated by federal backing. The global space industry could top $1.1 trillion by 2040, according to Morgan Stanley analysts. Companies like OneWeb, for exa...
Over the last decade, Chad Andersen, founder of investment firm Space Capital, credits SpaceX for spurring the industry on. "The only reason that we're speaking about space as an investment category today is because of SpaceX," he says. "A little over 10 years ago, before their first co...
comments: “We welcome this report and our space industry partners’ shared vision to accelerate the development of our innovation programmes, technology capabilities and services in the UK. The window of opportunity for the UK to capture global market share, especially in t...
UKspace President Alice Bunn said, "We must learn to move away from a reliance on grants to instead think about strategic investment that can drive a national capability to enable us to lead in the emerging space markets of the future."Laurence Russell...
Investing in space technology now may be similar to buying Microsoft shares two decades ago: highly profitable. It seems the next industry area to experience an economic boom will be the exploration of space and space tourism. Last month, the first ESA Investment Forum took place at the Europea...
During the two-day event, European institutional decision-makers, CEOs from industry and representatives of academia and civil society discussed the development of a European Space Strategy and the 2019 Roadmap of the European Space Agency (ESA) in order to better serve the EU citizens, society ...
The analysis reveals just how important a role the government still plays in the private space industry. It found that early public investment can sometimes be the difference between life and death for a company. “I think it’s really important for people to recognize that it isn’t just ...
Venture capital (VC) investments in the space sector have grown substantially over the past decade as investors have come to appreciate the long-term commercial potential of the industry. The many active VC investors in the space sector include Andreessen Horowitz, Fou...
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Virgin Group said the deal could also lead to "the possibility to develop a space-centric entertainment industry" in Saudi Arabia. The deal was announced during the Future Investment Initiative taking place in Riyadh this week, which has drawn together a large number of prominent business leaders...