Boosting commercialization for a dynamic space economy in Europe : The ESA standpoint.
Economics of LEO (mega) constellations for the Telecom, Earth Observation and other applications: describing the potential of Space for Earth
Panel moderated by the European Space Policy Institute (ESPI)
Reusable rockets and a sharp reduction in launch costs have made it easier and cheaper to deploy assets into orbit, and activity is building as more entrepreneurs and innovators enter the commercial space race. Global demand for connectivity and data has helped to fuel the space economy and drive private investment to new heights. But how sustainable is the current boom and what are the expectations for future growth? How are the trends evolving and shaping the market? In a sector dominated by the US, what are Europe’s strengths and where are we likely to see the most progress from entrepreneur-led businesses? What policies and models are needed to boost Europe’s role in the global industry? In what ways are attitudes to space tech investment changing and which areas are set to attract the next wave of capital?
Lured by the promise of a trillion dollar industry, a rising number of investors are taking a bullish approach to a range of space technologies. However, with high rates of failure and few companies attracting revenues let alone making profits, space is still viewed by many as a risky business. In this session we will hear from leading investors and learn about the challenges they face, their attitudes to risk and the opportunities that are exciting them most in Europe’s new space age. As the appetite for space grows, what are investors looking for in start-up ventures and how do they assess the potential and value proposition of entrepreneur-led businesses? How are existing angel, venture and equity investments maturing, and what have been the most significant exits? Can we expect more companies to go public? What is the outlook for space tech funds? With the move to responsible investing, how does space fit into portfolios and align with ESG strategies?
In this interactive panel, heads and senior officials of space agencies will take questions from the audience on the topic of the economic development of the Moon.
Growing competition is challenging the ability of space start-ups and innovators to scale up and access markets, especially given the uncertainties and capital intensity of development. Here the spotlight will be on the next generation of space tech leaders as they discuss funding and their experiences in finding a route to commercial viability. What success have European start-ups and entrepreneurs had in attracting private equity and venture capital? How can innovators demonstrate what their technologies and businesses offer in terms of impact, scalability and potential returns?
New space activities and advances in technology are giving rise to increasingly complex and wide-ranging risk management and insurance requirements. What steps have been taken to improve the understanding of the intricacies of space risk and how can insurance help drive innovation and support investment and growth? What frameworks, coverage and models are needed in this rapidly changing and unpredictable sector?