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Space Angels began publishing a quarterly update on space startup and investment activity in 2017, which coined the 2010s as the entrepreneurial space age.<ref>{{cite web|url=https://social.techcrunch.com/2020/01/16/space-angels-chad-anderson-on-entering-a-new-decade-in-the-entrepreneurial-space-age/|title=Space Angels’ Chad Anderson on entering a new decade in the ‘entrepreneurial space age’}}</ref><ref>{{cite web|url=https://www.cnbc.com/2017/11/01/space-angels-space-has-attracted-over-2-billion-this-year.html|title=Space companies are receiving billions from venture backers, report says|first=Michael|last=Sheetz|date=November 1, 2017|website=CNBC}}</ref><ref>{{cite web|url=https://www.businessinsider.com/space-angels-report-dawn-private-spaceflight-age-26-billion-invested-2020-1|title=10 years ago, the world laughed at private space companies. $25.7 billion later, a new report claims we are at the 'dawn of the entrepreneurial space age.'|first=Dave|last=Mosher|website=Business Insider}}</ref> The report has been cited by the [[United States Secretary of Commerce]]<ref>{{cite web|url=https://www.commerce.gov/news/speeches/2019/10/remarks-commerce-secretary-wilbur-l-ross-space-startup-summit|title=Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit|website=U.S. Department of Commerce}}</ref> and by the [[Vice President of the United States]] at the sixth meeting of the National Space Council.<ref>{{cite web|url=https://www.youtube.com/watch?v=edZJDV0ULcg |title=VP Pence participates in National Space Council meeting |publisher=YouTube |date=2019-08-20 |accessdate=2020-06-06}}</ref>
Space Angels began publishing a quarterly update on space startup and investment activity in 2017, which coined the 2010s as the entrepreneurial space age.<ref>{{cite web|url=https://social.techcrunch.com/2020/01/16/space-angels-chad-anderson-on-entering-a-new-decade-in-the-entrepreneurial-space-age/|title=Space Angels’ Chad Anderson on entering a new decade in the ‘entrepreneurial space age’}}</ref><ref>{{cite web|url=https://www.cnbc.com/2017/11/01/space-angels-space-has-attracted-over-2-billion-this-year.html|title=Space companies are receiving billions from venture backers, report says|first=Michael|last=Sheetz|date=November 1, 2017|website=CNBC}}</ref><ref>{{cite web|url=https://www.businessinsider.com/space-angels-report-dawn-private-spaceflight-age-26-billion-invested-2020-1|title=10 years ago, the world laughed at private space companies. $25.7 billion later, a new report claims we are at the 'dawn of the entrepreneurial space age.'|first=Dave|last=Mosher|website=Business Insider}}</ref> The report has been cited by the [[United States Secretary of Commerce]]<ref>{{cite web|url=https://www.commerce.gov/news/speeches/2019/10/remarks-commerce-secretary-wilbur-l-ross-space-startup-summit|title=Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit|website=U.S. Department of Commerce}}</ref> and by the [[Vice President of the United States]] at the sixth meeting of the National Space Council.<ref>{{cite web|url=https://www.youtube.com/watch?v=edZJDV0ULcg |title=VP Pence participates in National Space Council meeting |publisher=YouTube |date=2019-08-20 |accessdate=2020-06-06}}</ref>


== History ==
==History==
Founded in 2006 by [[Guillermo Söhnlein]], Joe Landon, Eric Anderson and Burton Lee, Space Angels Network began by facilitating a small group of space enthusiasts’ investments in the nascent New Space sector. <ref>{{cite web|url=http://www.spaceref.com/news/viewpr.html?pid=23934|title="Space Angels 2.0" Gravitate Toward an Online Deal Source Launched by Space Angels Network|date = 2007}}</ref> Over its first five years, it grew from four to 20 investing members, but its scale was limited by its informal structure.<ref name="auto1"/>
Space Capital was founded by Chad Anderson in 2017 in New York City, with Tom Ingersoll joining as a Partner.<ref>https://www.hbs.edu/faculty/Pages/item.aspx?num=55897</ref><ref>https://www.thetrustedinsight.com/investment-news/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50m-for-first-venture-fund-20171120627/</ref> Space Capital launched its first fund of $16 million in 2017.<ref>https://www.crunchbase.com/fund/space-capital-partners-raised-space-capital-l-p---319cdc77#section-overview</ref>


In 2012, [[Chad Anderson (businessman)|Chad Anderson]] began to lead the organization. Anderson, at the time an MBA student at the [[University of Oxford|Oxford University]], moved to New York after graduation to take on the full-time role of CEO.<ref name="auto1"/>
On March 18, 2020, Space Capital published a thesis paper with SIlicon Valley Bank called “The GPS Playbook”. The report forecasted three high-growth fields for commercial space investors over the coming decade: [[GPS]], [[geospatial intelligence]] and space-based communications. The report predicted GPS will see new commercial growth and applications through the convergence of space-based signals and computer vision. It also predicted space-based communications and geospatial intelligence could generate $1 trillion of equity value over the next decade.<ref>https://www.svb.com/trends-insights/reports/the-gps-playbook</ref>


Anderson took the next six years to professionalize, grow, and transform Space Angels Network. By 2015, Space Angels had shifted away from the decentralized investing model typical of an angel network. Space Angels began taking on a greater role in managing its members’ investments with the launch of an Angel Fund.<ref name="auto1"/>
On May 5, 2020, Space Capital formalized it’s brand architecture with Space Capital as the parent brand and Space Angels, an online angel investment platform, and Space Talent, a career platform and central node for space industry jobs, as it’s sub-brands.<ref>https://www.businesswire.com/news/home/20200505005206/en/Space-Angels-Announces-Branding-Realignment-New-50</ref><ref>https://finance.yahoo.com/news/space-angels-announces-branding-realignment-110000920.html</ref>
 
In early 2017, Anderson rebranded the firm, dropping the word “Network” from its name and selecting a new logo.<ref>[https://web.archive.org/web/20170822114825/http://spaceangels.com/press-releases/space-angels-network-rebrands-as-space-angels]</ref> In May 2020, Space Angels announced that the company will now be led by its Space Capital brand, an early-stage venture capital firm for institutional investors.<ref name="auto1"/><ref>[https://web.archive.org/web/20190531063852/https://www.pehub.com/2017/11/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50-mln-for-first-venture-fund/]</ref><ref>{{cite web|url=https://www.businesswire.com/news/home/20200505005206/en/Space-Angels-Announces-Branding-Realignment-New-50|title=Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund|date=May 5, 2020|website=www.businesswire.com}}</ref><ref>{{cite web|url=https://finance.yahoo.com/news/space-angels-announces-branding-realignment-110000920.html|title=Space Angels Announces Branding Realignment and New $50 Million Venture Capital Fund|website=finance.yahoo.com}}</ref>
 
== Business Model ==
=== Online Platform ===
To facilitate the Angel Fund model, Space Angels pioneered a new online investment platform to streamline the communication of investment opportunities, simplify legal documentation, and drive greater investor engagement.<ref name="auto1"/>
 
Access to the online platform is restricted to Space Angels members and membership is limited to investors who qualify as [[accredited investor]]s under [[Regulation D (SEC)|Regulation D of the Securities and Exchange Commission]].<ref>[https://web.archive.org/web/20170514111224/http://spaceangels.com/membership-benefits]</ref><ref>[https://web.archive.org/web/20140706074451/http://www.crunchbase.com/organization/space-angels#section-overview]</ref><ref>{{cite web|url=https://politi.co/2Bov7zb|title=Let's make a deal: The space race hits warp speed among investors|first=Jacqueline|last=Klimas|website=POLITICO}}</ref>


=== Investments ===
=== Investments ===

Revision as of 08:35, 9 October 2020

Template:Use mdy dates Template:Infobox company

Space Capital LP is an early-stage venture capital firm that invests exclusively in space-based technologies.[1][2] Space Capital is the parent brand of Space Angels, an online angel investment platform and venture capital firm ranked as the most active investor in the space economy, and Space Talent, a career platform and central node for space industry jobs.[3][4][5][6]

Space Angels began publishing a quarterly update on space startup and investment activity in 2017, which coined the 2010s as the entrepreneurial space age.[7][8][9] The report has been cited by the United States Secretary of Commerce[10] and by the Vice President of the United States at the sixth meeting of the National Space Council.[11]

History

Space Capital was founded by Chad Anderson in 2017 in New York City, with Tom Ingersoll joining as a Partner.[12][13] Space Capital launched its first fund of $16 million in 2017.[14]

On March 18, 2020, Space Capital published a thesis paper with SIlicon Valley Bank called “The GPS Playbook”. The report forecasted three high-growth fields for commercial space investors over the coming decade: GPS, geospatial intelligence and space-based communications. The report predicted GPS will see new commercial growth and applications through the convergence of space-based signals and computer vision. It also predicted space-based communications and geospatial intelligence could generate $1 trillion of equity value over the next decade.[15]

On May 5, 2020, Space Capital formalized it’s brand architecture with Space Capital as the parent brand and Space Angels, an online angel investment platform, and Space Talent, a career platform and central node for space industry jobs, as it’s sub-brands.[16][17]

Investments

Between 2015–2018, Space Angels made 37 investments in 26 portfolio companies, less than 2% of the companies it evaluated (over 500 per year as of 2018).[18]

Some of the most notable investments include SpaceX,[19] NanoRacks,[20] Astrobotic,[21] LeoLabs,[22][23] Planet,[24] Made in Space,[19] ICEYE,[25] and others.

See also

References

  1. ↑ https://www.satellitetoday.com/business/2020/05/05/space-angels-rebrands-as-space-capital/
  2. ↑ https://podcasts.apple.com/us/podcast/the-space-capital-podcast/id1281847844
  3. ↑ https://www.cnbc.com/2020/04/24/us-government-getting-cash-to-private-space-companies-replacing-venture-capital.html
  4. ↑ https://www.cbinsights.com/research/top-space-tech-startup-investors/
  5. ↑ https://finance.yahoo.com/news/space-angels-announces-branding-realignment-110000920.html
  6. ↑ https://www.businesswire.com/news/home/20200505005206/en/Space-Angels-Announces-Branding-Realignment-New-50
  7. ↑ "Space Angels’ Chad Anderson on entering a new decade in the ‘entrepreneurial space age’". https://social.techcrunch.com/2020/01/16/space-angels-chad-anderson-on-entering-a-new-decade-in-the-entrepreneurial-space-age/. 
  8. ↑ Sheetz, Michael (November 1, 2017). "Space companies are receiving billions from venture backers, report says". https://www.cnbc.com/2017/11/01/space-angels-space-has-attracted-over-2-billion-this-year.html. 
  9. ↑ Mosher, Dave. "10 years ago, the world laughed at private space companies. $25.7 billion later, a new report claims we are at the 'dawn of the entrepreneurial space age.'". https://www.businessinsider.com/space-angels-report-dawn-private-spaceflight-age-26-billion-invested-2020-1. 
  10. ↑ "Remarks by Commerce Secretary Wilbur L. Ross at the Space Startup Summit". https://www.commerce.gov/news/speeches/2019/10/remarks-commerce-secretary-wilbur-l-ross-space-startup-summit. 
  11. ↑ "VP Pence participates in National Space Council meeting". YouTube. 2019-08-20. https://www.youtube.com/watch?v=edZJDV0ULcg. Retrieved on 2020-06-06. 
  12. ↑ https://www.hbs.edu/faculty/Pages/item.aspx?num=55897
  13. ↑ https://www.thetrustedinsight.com/investment-news/tom-ingersoll-joins-space-capital-partners-which-is-targeting-50m-for-first-venture-fund-20171120627/
  14. ↑ https://www.crunchbase.com/fund/space-capital-partners-raised-space-capital-l-p---319cdc77#section-overview
  15. ↑ https://www.svb.com/trends-insights/reports/the-gps-playbook
  16. ↑ https://www.businesswire.com/news/home/20200505005206/en/Space-Angels-Announces-Branding-Realignment-New-50
  17. ↑ https://finance.yahoo.com/news/space-angels-announces-branding-realignment-110000920.html
  18. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named auto1
  19. ↑ 19.0 19.1 Smith, Rich (May 18, 2019). "10 Top Space Start-Ups You've Probably Never Heard of". https://www.fool.com/investing/2019/05/18/10-top-space-start-ups-youve-probably-never-heard.aspx. 
  20. ↑ "NanoRacks raises funding for commercial airlock module". October 4, 2017. https://spacenews.com/nanoracks-raises-funding-for-commercial-airlock-module/. 
  21. ↑ "The race to the moon is underway as Astrobotic raises $2.5 million". https://social.techcrunch.com/2016/05/11/the-race-to-the-moon-is-underway-as-astrobotic-raises-2-5-million/. 
  22. ↑ Sheetz, Michael (May 13, 2020). "Space debris tracker LeoLabs unveils automated collision alert service for satellites". https://www.cnbc.com/2020/05/13/space-debris-tracker-leolabs-automated-collision-alert-service-for-satellites.html. 
  23. ↑ Inc, LeoLabs. "LeoLabs Closes $13 Million Series A to Expand Space Situational Awareness and Mapping Platform". https://www.prnewswire.com/news-releases/leolabs-closes-13-million-series-a-to-expand-space-situational-awareness-and-mapping-platform-300686776.html. 
  24. ↑ Glasner, Joanna (April 3, 2019). "Space Tech Rockets Higher". https://news.crunchbase.com/news/space-tech-rockets-higher/. 
  25. ↑ "Iceye Raises $34M in Series B Financing". May 24, 2018. https://www.finsmes.com/2018/05/iceye-raises-34m-in-series-b-financing.html. 
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