Chad Anderson, a managing partner at Space Capital, said in an interview with BNN Bloomberg Wednesday that successful efforts by SpaceX in the previous decade to bring down launch costs have opened the possibility of “space as an investment category.”
“We've gone from essentially zero to $270 billion of private equity capital going into 1,700 unique space companies over the last 10 years. So things are really ramping up,” Anderson said. “The broader tech sector and the venture market more generally, is in a bit of a slowdown right now. And that's definitely affecting space companies as well,” he said.
Last week a SpaceX rocket exploded minutes after it launched during its test flight, crashing into the Gulf of Mexico. SPACE AND TELECOMMUNICATIONS