As with any industry and any period in human history, the entity that controls the natural resources controls the flow of money in an economy. The space industry is currently one of the most rapidly growing economic sectors, as our interconnected planet relies more and more on data and products from space. As the space industry grows, so does the need for local services, supplies, fuel, and resources. With an incredibly constrained supply chain (everything must be launched to space aboard expensive, explosive rockets), there are currently no affordable solutions to provide the infrastructure that the space industry requires for expansion.
“The first trillionaire there will ever be is the person who exploits the natural resources on asteroids,” said Neil DeGrasse Tyson, astrophysicist, cosmologist, author and science communicator. And this is not some distant future for our grandchildren. This is happening now. $13.3 billion in venture capital has been invested in over 80 space startup companies since 2000, creating a vibrant “NewSpace” economy, with nine exits totaling over $2.2 billion, and a number of “unicorns” worth in excess of $1 billion. This generation’s most successful entrepreneurs are investing heavily in space, including the 21 billionaires who are currently affiliated with NewSpace companies.
Ramsey has identified Deep Space Industries (DSI) as the most prospective business vehicle to capitalize on the rapidly growing space industry. The DSI team boasts the top technological, scientific, and industry experts in the world. These market leaders have come together to industrialize the frontier through technological innovation and strategic business principles. Already a technology product leader, DSI boasts tens of milllions in current revenue with strong potential to be a billion dollar company within a few years.
Within the next decade, DSI will utilize near-Earth asteroids to supply a growing space economy, creating an oasis of water, air, and supplies at way station points between destinations. The company is helping to build this ecosystem now with market-optimized products such as the Comet-1 water thruster for small spacecraft and innovative navigation, control, and avionics systems that are compatible with the industry’s growing off-the-shelf small satellite market.
The space industry is currently growing at greater than 10% CAGR, with some sectors experiencing growth rates of over 20%. Over $330 Billion in economic activity occurred in space in 2014. Companies such as SpaceX and Blue Origin are driving down the cost of launch through competition and innovation. Standardization and miniaturization are driving down the costs of spacecraft. New data products and increased connectivity are driving rapidly growing demand. After decades of space being a government-only zone, the frontier is finally open for business, and Deep Space Industries, with its comprehensive offering of the most cutting edge technology, and access to the most promising resources, stands to gain significantly from this rapid growth.
- Read about Deep Space Industries’s business model in Wired: How to Succeed in the Asteroid Business Without Really Mining
- Listen to an overview of DSI’s business model from Space Ventures Radio: Episode 4: Deep Space Industries
- Read why asteroid mining is important in this blog post from David Cowan of Bessemer Ventures: It’s Time for Robots to Mine Asteroids
- Read about DSI’s partnership with Luxembourg in this article from TechCrunch: Deep Space Industries Partners with Luxembourg to Test Asteroid Mining Technologies
- Read the technical paper that discusses DSI’s design of the first commercial asteroid prospecting vehicle: Prospector-1: The First Commercial Small Satellite Mission to an Asteroid
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