Commercial Space Travel Too Risky For Venture Capitalists? | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 06.22.17

Airborne 06.26.17

Airborne 06.27.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

Airborne-YouTube

AMA 06.22.17

Airborne 06.26.17

Airborne 06.27.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

Tue, Apr 15, 2008

Commercial Space Travel Too Risky For Venture Capitalists?

Analyst Says Several Companies Could Turn Profits Relatively Soon

There have been many parallels noted between the high-tech boom of the late 90s, and what many expect will be the coming boom in commercial space exploration and tourism. But so far, there's one big difference.

Investor's Business Daily reports the new era of commercial spaceflight has yet to attract meaningful participation by venture capital firms.

It's not for lack of promising business plans. George Whitesides, executive director of the National Space Society, notes "Space is not cheap... but if you look at the business models, some of these companies could be making money relatively quickly."

So far, the money driving the commercial space projects underway has come from veterans of the tech sector... no strangers to taking big risks, or in weathering setbacks.

Microsoft co-founder Paul Allen has $30 million invested in Scaled Composites, much of which came in to fund SpaceShipOne, the winner of the $10 million Ansari X-Prize. PayPal co-founder Elon Musk has more than $100 million of his personal fortune in Space Exploration Technologies, or SpaceX, which is building rockets for space travel.

Last year, Google announced the Google Lunar X Prize, offering $30 million in prize money for teams that successfully land a robot on the moon.

Peter Diamandis, chairman of the X Prize Foundation, says 10 teams have signed up so far, and another 10 likely will. He expects the 20 teams collectively will spend more than $400 million on the contest.

Guillermo Sohnlein, co-founder of Space Angels Network, which helps commercial space ventures find funding, observed the efficiency of the X Prize in moving the sector forward. "All they had to do was dangle $30 million dollars in prize money and they get maybe a half-billion dollars in innovation. Where else could you get that kind of return?"

Analysts agree that some successful headlines from private space companies could get the attention of venture capital firms, and start the money flowing soon.

Get their attention? Gee... if only there was some way to combine the excitement of kerosene-liquid-oxygen rockets with the proven model of NASCAR. Hmmm...

FMI: www.scaled.com, www.spacex.com, www.xprize.org

Advertisement

More News

Airborne-Unmanned 06.20.17: UAS Orgs v Bad Regs, Anti-Collision, Drone Race $$

Also: Solar-Powered UAS, NK Drone, UAS Survey, Brian Wynne Interview The team at AUVSI is staying plenty busy as they and 13 other organizations authored a letter to members of Con>[...]

AMA Drone Report 06.22.17: FAA Reauthorization, Rotor Riot Int'l, DRL on ESPN

Also: Drones at Oshkosh!, Drone Regulatory Effort, AMA Drone Report-Help Wanted, Aero-TV: MultiGP Drone Racing The House of Representatives has published initial language to reauth>[...]

Airborne 06.23.17: Airbus 'Racer', RANS 'Fly To Work', Boater v Floatplane

Also: House ATC Bill, Golda Cox, Boeing Forecast, Concorde Battery, C-130J-SOF, SpiceJet, Flt School Closure Airbus Helicopters has unveiled their ‘Racer’ -- which stan>[...]

Aero-News: Quote of the Day (06.26.17)

"At a time when reauthorizing the FAA should be paramount, it is neither a prudent nor responsible decision to introduce legislation that jeopardizes our standing as the world lead>[...]

Aero-News: Quote of the Day (06.25.17)

“The airline market in Africa has been growing slowly but steadily as the industry is becoming more liberalized and the infrastructure to support the growth is being put in p>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC