INSUBCONTINENT EXCLUSIVE:
A new space race is forming globally, energized by venture capital and the hype around companies like Elon Musk SpaceX and Jeff Bezos& Blue
The privately-funded space industry is still in its infancy, but there has been an explosion of startups and investors in the sector, and
the fever has, in the last few years, spread to Europe
The development of SpaceTech startups will be crucial to the advancement of services we have come to rely on in our daily lives, be it
navigation, delivery services or more.
For the past ten years, the SpaceTech sector has seen over $9 billion invested in it, roughly 60% of
the space industry investments
This is in part because the ‘delivery& mechanisms (basically, rockets) are now delivering enough capacity to meet demand
So what you put up in the sky and what you ‘get out of the sky& is now the new focus of the industry
And in Europe, the European Space Agency has been increasingly effective at providing significant amounts of grant funding to innovative
startups, even as venture capital ramps up its own interest.
STRUCTURE OF THE INDUSTRY
The European SpaceTech industry has structured
itself across two main sectors
The first is the components manufacturers (thrusters, antennas, sensors, etc)
The second is the huge and booming area of the data analytics market which is the underlying value of satellites.
