View of sunset and parked cars at open rooftop parking garage.
“Keep going” by Monica Hernandez. 2021. [r].

Space Startup Funding: Perspectives from CEOs and Co-Founders

Daniel and Yanina offered their insights for what worked for them thus far. These snippets of advice early in their paths may inspire other startup founders that may still be figuring it out.

Monica Hernandez

The new space wave has changed the fundamentals of this industry. Increased access to space and a reduction in mission costs converge with technological advancements. This dynamic has quickly opened the space industry and in ways that traditional space stakeholders might not have anticipated.

Space startups across the globe share a delicate balancing act between bootstrapping and external funding. Impressive ideas and sound research often get lost in the shuffle, because ideas may not be translatable to actionable business services or at least minimum viable products (MVPs) to keep the initial payroll afloat. And yet, a lot of new startup founders continue to navigate an increasingly cluttered landscape. Many investors in the tech world are pouring millions into “unicorn” start-ups, those valued above USD 1 billion, at higher rates every year, and the space industry is not lagging behind.

Unicorns by country 2021 | Statista
The number of unicorn companies found in China in early 2021 was bigger than those of 11 other countries, including Germany, India and the UK, combined.

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