Early investments from a government agency, like NASA or the Air Force, can be a crucial step in the evolution of commercial space companies from scrappy startups to successful businesses. That’s according to a new report from Space Angels, an investment firm focused on the space industry, which quantified how much money government agencies have invested in private aerospace firms over the last 18 years.
The analysis reveals just how important a role the government still plays in the private space industry. It found that early public investment can sometimes be the difference between life and death for a company. “I think it’s really important for people to recognize that it isn’t just the private sector deciding to do something,” Chad Anderson, CEO of Space Angels, tells The Verge. “The government has played a key role in the development of entrepreneurial space companies.”
Continue reading at: The Verge