The four horsemen of space finance
The space industry has come a long way in the past ten years. Not only have key technologies such as launch reusability and 3D printing in space been demonstrated successfully, the nature of space finance has also evolved significantly. Ten years ago, the industry struggled to attract early stage angel capital. With that problem now largely addressed, venture capital firms and other institutional investors have entered the industry in a significant way. Despite this, space finance remains perhaps the biggest challenge to truly opening up the high frontier, especially in light of recent economic traumas caused by Covid-19. This begs the question: why is space financing in particular so hard? Additionally, why is the space industry different from other industries? And what then can we as an industry do about it?