NewSpace is a movement of firebrand entrepreneurs starting companies around the world targeting commercial opportunities for innovative space products/services. They are being backed mainly by private risk capital (mostly venture firms) with an expectation that the innovation pursued by these entrepreneurs will integrate into the economy here on the Earth, creating value towards a meaningful exit.
NewSpace – Changing the ecosystem slowly, but surely!
Today, NewSpace companies are springing up almost on a weekly basis and there is a strong reason to believe that today there are over 1000 NewSpace companies around the world. They are embedding themselves across the value chain from upstream to downstream, with each of them trying to bring a new layer of innovation by different methods (e.g.… Click here to read the complete article