The final frontier is proving to be rich with opportunity. Commercialising space has unleashed the power of creative capitalism… ⬇️
The global space economy is racing towards a $1 trillion+ industry. What once was a domain limited to super powers is now accessible to start ups. The speed of innovation, slashing of launch costs and democratisation of the final frontier is making space a prime sector for investment opportunities.
Beaten Zone Venture Partners founder and CEO Steve Baxter was quoted in a The Courier-Mail article reporting on the rapid expansion of Australia’s domestic space sector and why Beaten Zone is investing in start ups like HEO and Zendir:
“Space now is where the internet was in 1995, 14.4k modems and Windows 3.11. The barriers are falling, founders are moving fast, and Australia has a real chance to build world-leading companies in this space. We’re investing not because it’s speculative, but because it’s becoming inevitable.”
If you needed any reinforcement of potential of investment in the space sector we point you towards one Gilmour Space Technologies – Australia’s first space unicorn! This week’s announcement of Gilmour Space Technologies series E raising and unicorn status shows the interest from both public and private capital in space sector start up plays. Forbes reports on Queensland’s space success story:
“Gilmour Space Technologies has pulled off Australia’s largest space-industry capital raise, a $217 million Series E, catapulting the Queensland company into unicorn territory and bringing its total public and private raisings to more than $400 million. The round, led with $75 million from the taxpayer funded National Reconstruction Fund Corporation and $75 million from one of Australia’s largest super funds, Hostplus, reflects a surge of global capital chasing launch capability.”
Australia has the opportunity to leverage our unique geography for space launches. Couple this natural advantage with smart public-private investment and we can foster sovereign space capability. Space based technology has huge potential in Defence, Emergency Response, Agriculture, Mining, Insurance and many other industries. Let’s see Gimour Space be the first of many Australian space unicorns!
📷 via ARS Technica / Gilmour Space