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Op-Ed | Preserving NewSpace innovation while championing M&A in our ecosystem

23 May 2019, 12:13 UTC
Op-Ed |  Preserving NewSpace innovation while championing M&A in our ecosystem
(200 words excerpt, click title or image to see full post)

The NewSpace sector is expected to grow from a $350 billion global industry in 2018 to a trillion dollar one by 2040, according to a Morgan Stanley report. Given these forecasts it is not clear how the market will expand, will there be more mergers and acquisitions, initial public offerings, initial coin offerings or just companies remaining private?
Venture capitalists are expecting exits in the five- to seven-year horizon and the space industry historically hasn’t shown this return on investment; but this is changing rapidly. There have been a handful of successful exits such as the Millennium Space acquisition by Boeing and Google acquiring Skybox or SSTL acquired by Airbus; and everyone is betting on who will be next.
Most NewSpace firms are not publicly traded and won’t be for a while. One exception is DigitalGlobe, since merged with Maxar Technologies. DigitalGlobe, originally called World View Imaging Corp., started like numerous other startups in the Bay Area, and it was only due to laser-sharp focus on their goal to map the globe in very high-resolution imagery with their anchor customer (the U.S. government) that they were able to have a successful IPO in 2009. This is a great story to ...

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