Startups are primarily responsible for leading the New Space movement, which gives rise to disruptive ideas in the space sector, which is increasingly less dependent on public resources and more focused on private investment. This is how companies like SpaceX, Blue Origin and Virgin Galactic consolidated. But this market goes far beyond them and investors have already realized that.
Today there are hundreds of space startups around the world, developing solutions for a segment that keeps growing – according to Euroconsult, the space economy moved US$ 464 billion in 2022 and should reach around US$ 737 billion in the next decade.
A slice of that amount has been directed towards space startups. Bryce Tech pointed out that they received US$ 15.4 billion in direct investments in 2021, most of which came from Venture Capital companies (US$ 9 billion). According to the study by the consultancy firm, 212 space startups received investments from 596 investors that year.
The advance of investments in these startups is clear, since between 2000 and 2020 the transfer of resources to space startups totaled US$ 36.7 billion. That is, in just one year, investors invested almost half of all the resources allocated in two decades. In direct comparison with 2020, the increase was 102%.
These startups operate in various segments of the space sector, ranging from satellite constellations to provide broadband internet access, passing through space tourism and reaching launch vehicles and small satellites, known as smallsats, which provide numerous fundamental solutions for society.
In Brazil, space startups also exist and are moving the local scene with the development of new technologies and offering solutions for several markets. These companies operate both in the manufacture of satellites, as well as in launching and services on the ground. Not to mention the entire production chain they move.
It is no coincidence that startups have been organizing themselves in the country to generate more business and attract investment. In 2020, for example, the Alliance of Brazilian Space Startups (ASB) was created, which brings together startups in the sector and places them at the center of demands for space services in Brazil.
And it is in this sense that the SpaceBR Show, organized by MundoGEO, has opened space for startups in the sector, not only to show what they are developing, but also to put them in direct contact with investors.
In 2022, the first Space Pitch was held within the SpaceBR Show, rewarding startups – including the participation of Amazon Web Services – and promoting meetings with investors. This year, Space Pitch is even stronger, with higher awards and more visibility for startups. Furthermore, it is a unique opportunity for investors to learn about potential businesses in the space area.
Startup registration for Space Pitch will run until March 20 on the website: www.spacebrshow.com/startups/.