Over sixty years after the first humans left Earth, there is a revolution underway in space, led by billionaires and nations with their eyes set on opening the frontier. At the same time, a shift away from military-style, cost-plus contracting for science and exploration, to a new pro-competition partnership model is driving innovation and market expansion at a rate never before seen. This renaissance of technology, business models, and ideas has led to the founding of over 4,000 new space enterprises in the last five years. Over the next ten years, at least 50,000 more are predicted be formed.
This significant uptick in commercial activity will exponentially increase opportunities for breakthroughs, leading to new products, services and IP. The space industry is literally about to skyrocket. And that means profits for those wise enough to climb aboard now. Built on a solid infrastructure, with technology-driven growth on industrial scales, this “NewSpace” industry needs new capital. RFG Principal, Meagan Crawford, leads our space practice. She is a cofounder of the world’s first and preminent space-focused venture capital firm, SpaceFund, and is working to build the entire capital stack for the space industry. Through diversified financial mechanisms such as the private credit fund Space Finance Company, the spaceport-adjacent real estate fund, SpacePort Fund, and innovative insurance products through a partnership with Alera Group, Meagan’s work is focused on fufilling her life’s mission of using the power of free enterprise to lift humanity permanently off-world.
Read the white paper: Beyond Venture: Space Needs a Complete Capital Stack