A government agency, such as initial investment from NASA or Air Air, can be an important step in the development of start-up from commercial space companies to successful companies.
According to a new report by Space Angeles, an investment firm focused on the space industry, which has identified the amount invested by government agencies in private airlines over the past 18 years.
Analysis shows how the government plays a role in the private space industry. It has been found that initial public investment can sometimes be the difference between life and death of a company.
“I think it’s really important for the people that it is not just the private sector that decides to do something,” said Space Anderson CEO Chand Anderson, The Verge. “The government has played an important role in developing major space companies.”
Space Angeles issued a report on NASA’s request, where the agency wanted to know the impact of its investment over the private sector over the past two decades.
Finally, Space Angels found that 67 space companies received a total of $ 7.2 billion in government investments between 2000 and 2018. About 93 percent of this investment went to the companies that were rocket-launching.
“It’s not surprising,” said Anderson. “Government funds have been directed to reduce the barriers to entry, and the biggest obstacle to launch is to launch them.”
The report highlighted as a key example on SpaceX how much contributing to the success of government investment company. During the first decade of its operation, according to the report of SpaceX, SpaceX was working with $ 1 billion, and nearly half of that money came from NASA’s official contracts.
SPACEK has specifically thanked NASA for supporting the agency after launching its first capsule for shipment to the ISS in 2012 from the Dragon. “He did not do it alone,” Anderson says. “They could not do without NASA’s help.”
There are also many space companies who have not yet received public investment. Space Angeles estimates that there are 375 companies in the private space industry, who have received co-financing of $ 19 billion since 2009.
At least 123 companies have registered for DUNS – a requirement for public funding – but still have to get government investment.
Anderson noted that there are negative aspects of working with the government, this is the reason why some such participation can not follow. Among other things, the requirements of DOD or NASA can be very cumbersome for a small company, or it can take away the objectives of government software resources from startup focus.
However, the report focuses on many more successful government investment programs such as NASA, Small Business Innovation Research Initiative (SBIR) and Small Business Technology Transfer (STTR).
SBIR and STTR provided funding to small construction companies in its early stages and as a result, these companies attracted additional private investment. “So let’s use this data to help influence the policy and help influence NASA funding decisions.”
Anderson argues that since most of the investment in the US Space Agency (NASA) and the Department of Defense (DOD) has gone to the companies that have so far focused, so for these agencies to expand further in other areas of space work Is the time He explains that we are looking at some of this through the NASA CLPS program.
which has awarded the contract to three private space companies, which are building an automatic spacecraft that can deliver equipment to the moon.
Anderson argues that this is a prime example of how the government can launch new models of businesses that do not yet have a very clear way of making money.”Then the economic stimulation begins to develop, when the private sector can come and take over.”
But in the end, Space Angels shows that if you work in space, you will cross the streets with the public sector at some point. So getting the investment from the government can be in the best interests of the company.
“You can not trade in space without government,” Anderson says. “They are involved in one way or another.”
Blue Origin founder Jeff Bezos uploaded a video of the test last night. Recording shows a flame coming from the engine horizontally, which is visible in light green first and then the other becomes clear for the test.
To begin the ignition of the engine, green flames can be attributed to the liquid used by BE-7. Once the fluid is burning, the fire becomes clear because the engine works on liquid oxygen and hydrogen – both secondary water products.