Key Takeaways
- • Space Angels is rebranding under its Space Capital brand, which will now lead the company as an early-stage venture capital firm targeting institutional investors.
- • Space Capital is currently raising a new $50 million fund focused on three areas: GPS, geospatial intelligence, and space-based communications.
- • Space Angels and SpaceTalent.org become sub-brands of Space Capital, with Space Angels continuing as the angel investing platform for the Space economy.
- • Space Capital says it manages over $35 million in private assets through its second fund, per the company's boilerplate.
- • The firm's "The GPS Playbook" report, co-authored with Silicon Valley Bank, forecasts that geospatial technology and space-based communications could exceed $1 trillion in combined equity value within 10 years.
Summary
Space Angels, a New York-based angel investment platform focused on the Space economy, announced a branding realignment under which its Space Capital brand will lead the company. Space Capital is described as an early-stage venture capital firm for institutional investors, and the company said the move reflects a stronger institutional focus and growing commercial opportunities arising from the convergence of Space and terrestrial technologies. Space Capital is currently raising a new $50 million fund.
Chad Anderson, founder and managing partner of Space Capital and CEO of Space Angels, said the firm has focused exclusively on entrepreneurial Space for 13 years, longer than any other private investment group. He argued that the industry is shifting from infrastructure build-outs, such as launch systems and satellite deployments, toward widespread distribution and application development as space-based services become accessible to businesses and consumers.
Space Angels and the career platform SpaceTalent.org will become sub-brands of Space Capital, while Space Angels will continue to serve as the industry's leading investing platform for angel investors. According to the company's boilerplate, Space Capital manages over $35 million in private assets from its second fund, and the broader group includes a career platform covering 200 companies across 33 countries.
Under the new structure, Space Capital released "The GPS Playbook," a forecast of top emerging markets in commercial Space over the next decade, co-authored with Silicon Valley Bank and released in March. The report highlights three fields: GPS combined with computer vision, which it expects to drive mass adoption of augmented reality across gaming, consumer technology, transportation, and navigation; geospatial intelligence, also known as Earth observation data, which it calls the "next GPS"; and space-based communications, which it expects to commercialize as downstream developers democratize these technologies. The report projects that the combined equity value of geospatial technology and space-based communications will surpass $1 trillion within 10 years.
Chad Anderson, founder and managing partner of Space Capital and CEO of Space Angels, said the firm has focused exclusively on entrepreneurial Space for 13 years, longer than any other private investment group. He argued that the industry is shifting from infrastructure build-outs, such as launch systems and satellite deployments, toward widespread distribution and application development as space-based services become accessible to businesses and consumers.
Space Angels and the career platform SpaceTalent.org will become sub-brands of Space Capital, while Space Angels will continue to serve as the industry's leading investing platform for angel investors. According to the company's boilerplate, Space Capital manages over $35 million in private assets from its second fund, and the broader group includes a career platform covering 200 companies across 33 countries.
Under the new structure, Space Capital released "The GPS Playbook," a forecast of top emerging markets in commercial Space over the next decade, co-authored with Silicon Valley Bank and released in March. The report highlights three fields: GPS combined with computer vision, which it expects to drive mass adoption of augmented reality across gaming, consumer technology, transportation, and navigation; geospatial intelligence, also known as Earth observation data, which it calls the "next GPS"; and space-based communications, which it expects to commercialize as downstream developers democratize these technologies. The report projects that the combined equity value of geospatial technology and space-based communications will surpass $1 trillion within 10 years.
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