The space tech market is at a significant inflection point. Launch costs are plummeting, and will continue to with innovations in materials science and the arrival of new launchers such as Starship.
With the emergence of the “New Space” economy, the market is changing more rapidly than it has in decades. There is a growing demand for comprehensive, accurate, and real-time market and data intelligence to navigate the complexities of the space industry, particularly when it comes to identifying synergies between current business capabilities and the space industry’s requirements.
It is becoming clear that cultivating collaboration among an international community that includes commercial, government, and academic stakeholders will be the most effective way for all parties to meet their respective and collective goals.
Shelli Brunswick, CEO and Founder of SB Global LLC, former COO of Space Foundation, and retired U.S. Air Force officer explains, “In the vast expanse of the cosmos, the space tech industry has long faced a chasm – not of distance, but of connection and understanding. My journey has shown me the critical gaps in market intelligence, community engagement, and the seamless integration between government, academia, and commercial stakeholders.”
The Solution
How do we develop a more collaborative and inclusive approach to accelerate and optimise the development of the space sector? The answer is nuanced and will require solutions that can be implemented quickly along with systemic changes made by public and private entities.
“Given that we are in the midst of a race towards a dynamic space economy, keeping up with the rapid introductions of new technologies and companies poses a formidable challenge, even for industry insiders. We are lacking a single, trustworthy source that is up to date with the latest data and industry trends,” says Cody Moore, Vice President, Caruso Ventures.
Our solution? The Space Impulse Market Intelligence Platform – a resource that will enable you to strategically interrogate the industry ecosystem by providing exhaustive and up-to-date data and information on the “Space Tech” markets.
Users have access to the world’s largest database of space-related entities including technological details such as spaceflight heritage, partnerships, funding rounds, government funding – and the latest insights on industry, government, and academic stakeholders.
Platform Use Cases
The rising commercialization of space exploration is expected to rapidly expand the global space economy. For companies operating in the space industry, the platform provides valuable information about market trends, competitors, and investment and business development opportunities. It also assists in identifying potential partnerships and vendors while helping to navigate the regulatory landscape, enabling informed business decisions.
Government agencies can leverage the comprehensive and up-to-date space industry data to inform the development of policies, laws and regulations and enable collaboration with commercial and academic organizations.
Investors have access to the most comprehensive market intelligence tool for the Space industry, enabling them to filter for potential targets based on a proprietary taxonomy and detailed tagging. “We used to be investors ourselves, looking for insights and investment opportunities in the Space industry – but struggled to effectively navigate this complex and convoluted sector. This tool addresses the challenges we experienced and streamlines the process”, says Space Impulse Director Robin Sie-Verbruggen.
The platform can also enrich academic programs, foster research collaborations, and inspire students to explore new frontiers in space technology.
“The Space Impulse Market Intelligence Platform is a beacon in this uncharted territory, designed to illuminate the path forward with comprehensive insights and forge unprecedented connections. It is more than a platform; it is a mission to optimise the efficiencies that will propel us toward a more unified and innovative future in space exploration and development.” Shelli Brunswick
Space Impulse Market Intelligence Platform 2024 Q1 Update
The first quarter of 2024 saw robust financing activity in the Space industry, despite macroeconomic uncertainty and a broader “VC slowdown.” Total funding amounted to $3.2 billion, a big jump in comparison to the first quarter of last year, 2023 which totalled $2.2 billion (+41% YoY).
While a significant increase, levels are not quite back to the “boom years” of 2021-2022, when the first quarters saw fundraises between around $4-5 billion.
It should be noted that there are many ways to measure funding – the Space Impulse Platform is taking into account publicly announced debt financing rounds including but not limited to venture debt, mezzanine, convertible, and post-IPO. This means that “upstream” Manufacturing and Launch companies will naturally be some of the largest funding activities.
Some large tickets skewed funding:
🔵 Shanghai Spacecom Satellite Technology (SSST) raised $933 million for its mega LEO constellation, led by the Chinese National Manufacturing Transformation and Upgrading Fund (NMTUF).
🔵 Rocket Lab closed $355m convertible senior notes (capped call), plus $120 million in equipment financing from Trinity Capital following a $515 million contract with the SDA.
🔵 Kratos Defense and Security Solutions raised $288 million in net proceeds from a public offering.
There is no denying the space industry is ramping up, but it has become clear that there is much work to be done to ensure the momentum is not wasted. Critical choices need to be made today, to set the industry up for long-term success. The Space Impulse Market Intelligence Platform is laying the foundation to remove and reduce information barriers, update architecture to keep pace with innovative technology, and enable inclusive conversations that are based on accurate information.
Want to see the detailed breakdown? Get in touch with our team ([email protected]) for access to the world’s largest, curated dataset on the Space industry – all the way back to 1987!
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