Frontier I is home to 7+ billion consumers and a €75+ trillion market. The €310+ billion space industry currently enables ~14% percent of the global economy. And the industry is expected to reach €2 trillion by mid of the century, as commercial development of Lower Earth Orbit (LEO) drives our society and economy through a structural change powered by the space-enabled applications. The seven-fold growth of the space industry is the biggest investment opportunity in our galaxy.
Space is often referred to as the “final investment frontier”. However, as space is infinite, lumping it all together as a single opportunity or a single challenge is misleading. Space is rather a series of frontiers – from the Earth’s orbit, to the Moon, asteroids and beyond. Each of these frontiers is unique, and from the investment perspective has its own potential, horizon and risk-return profile. The general rule - the further frontier lies from the Earth, the longer its commercial development will take. NewSpace Capital focuses on what we call “Frontier I” – the Earth and its orbits.
The 60-year-old space industry has been transformed in the last decade by improved access to space, emergence of satellite platforms for Lower Earth Orbit, miniaturization of electronics, changing regulatory environment and growing demand for commercial and consumer applications. The global space industry now spans across multiple markets on Earth and beyond, becoming a key positive element in the technological and economic transformation of our society.