![]() Lightspeed aims to help these start-ups by creating a network of early-stage mentors, investors and accelerators - the type that peers who make mobile apps or hardware would take for granted.īut a typical tech accelerator like Y Combinator doesn't necessarily work for these kinds of founders. Venture investors have begun to place bets in so-called "new space" startups, with $1.49 billion in funding going to aerospace companies in 2016 across 49 deals according to CB Insights, and 25 venture deals in this sector so far in 2017. ![]() Demand for space-related technology has ramped up beyond NASA and the Defense Department.Īccording to the Director of Research at the nonprofit Space Foundation, Micah Walter-Range, aerospace technologies like GPS and nano-satellite constellations are being used in areas such as ride-hailing, navigation apps and business services that monitor things like crop growth on farms or factory emissions. It's no longer necessary to launch a multi-million dollar rocket to have a viable space-tech start-up.
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