Because most of the spacetech deals we analyzed were not mature enough to fit our investment thesis (launchers, propulsion, in-orbit services, or satcom) 🚀 Because even for those who were, they didn't contain enough differentiating and proprietary technology (satellite manufacturing, remote sensing data services) 🚀 Because the rare candidates with significant revenue and distinctive IP, approached us with an unrealistic and overinflated valuation. 🚀 But we probably will, because #JoltNinja shows that the density of joltable European space scaleups has significantly increased in the past couple of years. We are down-to-earth investors, totally immune to hype, and happy to bide our time. 🚀 (Maxime Mallet joined a panel at the European Space Agency - ESA on Sept. 18th) #space #spacetech #deeptech #satellite #orbit #remotesensing #satcom #privateequity #growthcapital Stefania Ascione Rob Desborough Ossi Tiainen Kais Barmawi
Simon Drake
2mo
The points above to "not invest in space" are fair and valid in the framework of being prudent, and it is normal to compare a space investment to say a tech start-up or, take a gamble, a commercial real estate investment in a post-Covid, work-from-home, nearly-everything-outsourced-to-AI economy. What will create returns? Going forward, there are compelling European space investments to be made, but they are ambitious projects for new innovations where previous benchmarks and scorecards are ineffective. I see many space pitches, many are just variations of the same concepts, yet a rare few require equally rare ambitious investors!
Geoffroy Lerosey
2mo
Let's change this soon enough Maxime Mallet 😜
intéressant
Cofounder & CEO at Neutron Star Systems
2mo....and because in Europe there is no market for Space. There is no money and there is no plan. We are very good at creating programs like ESA BIC to keep geo returns flowing back to ESA member states but we don't have a commercial market.