Funding the Final Frontier – Chad Anderson, founder, Space Capital

June 18, 2024

Have you ever wondered what kind of companies are being created in the Space industry, aside from the few that you and I have heard about such as SpaceX or BlueOrigin?

The Space space is a $500Bn market today (and trillions over the next couple of decades). You're invited to a front row seat and absorb the knowledge of Space Capital's founder, Chad Anderson, as he takes us on the journey and provides a roadmap of what's in store.

Chad has deep vision about the industry and we cover a lot of ground ranging from his career evolution in finance to creating the UK's first Space innovation center...to ultimately launching Space Capital, a fund that has an exclusive focus on the Space space. We discuss:

• The emerging potential of the industry
• Navigate the challenges of investing in the sector during the early days
• How it's evolved now that the likes of Musk, Bezos, Branson and others have put their weight behind the industry

One of my biggest takeaways is the the importance of recognizing trends, overcoming obstacles, and staying ahead of the curve in a rapidly changing industry º sound familiar? It should, because we are all living it in our respective industries.

Enjoy!

About Chad

Chad Anderson is a pioneering figure in the space investment industry, as highlighted by TechCrunch calling him "among the best-positioned people to weigh in on the current and future state of the space startup industry." As the founder and managing partner of Space Capital for over a decade, Chad has been instrumental in driving investments in the Space Economy. He is also the author of "The Space Economy: Capitalize on the Greatest Business Opportunity of our Lifetime," published by Wiley.

With a strong media presence, Chad has been featured in reputable outlets such as CNBC, Bloomberg, CNN, the Wall Street Journal, the New York Times, and the Financial Times. Apart from his work at Space Capital, Chad serves on the board of the Satellite Applications Catapult, contributing to the growth of the UK's space sector. He is also on the board of the Explorers Club, a nonprofit promoting scientific exploration, and has been a member of the User Advisory Committee for the International Space Station U.S. National Laboratory.

Prior to founding Space Capital, Chad had a successful tenure at JPMorgan Chase, managing a $50-billion real estate portfolio during the Great Recession. He holds an MBA with a focus on entrepreneurship and innovation from the University of Oxford, showcasing his diverse expertise and experience in finance, entrepreneurship, and the space industry.

0:22 Chad Anderson's career journey and motivation for launching Space Capital  

1:56 Importance of studying nascent markets and recognizing industry trends  

3:10 Chad Anderson's role in setting up an innovation center in the UK and involvement with  government and academia  

4:57 Discussion about the size of Space Capital's first fund and the challenges faced in raising capital 

5:13 Evolution of conversations around space investment over the past decade, with a focus on impact and ROI

6:19 Establishment of Space Capital as a seed-stage investor and the growth of its funds

7:46 Early profile of limited partners investing in his fund

9:40 Impact of SpaceX's success on attracting more investors and increasing awareness

10:46 SpaceX's unique capabilities  

11:28 Challenges faced by small satellite companies amid increased access to orbit and funding struggles

13:29 Importance of vetting early-stage space companies compared to other industries like B2B SaaS   

14:18 The value of deep understanding of the space economy to make informed and effective investments  

16:11 Discussion about different challenges faced by hardware and software companies in the space sector 

20:24 Portfolio companies of Space Capital highlighted, including Muon Space, Rendered AI, and Leo Labs 

25:45 Importance of space traffic management and collaboration among satellite operators  

26:55 Recent near misses in space and challenges posed by space debris

32:33 Government's role in policy, regulation, and support for private enterprise in the space sector   

36:03 Various roles of the government in space exploration and collaboration with private startups   

42:55 Importance of policy and regulation in ensuring safe and clean orbits   

43:28  Future projections for lunar and Mars exploration and colonization  

51:23  Future outlook for Space Capital's investments in the space sector over the next three to five years   

56:40 Chad's go-to sources of information and news for the space industry  

58:27 Chad's involvement in projects outside the space industry, such as expeditions and documentary filmmaking  

1:00:29 Discussion on the forefront of innovation in the space industry and the significance of space technology today

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