Pangea Aerospace’s Post

I had the opportunity to share my views of the European Space Sector last week with EuroNews together with Enrico Letta (Jacques Delors Institute), Josef Aschbacher (European Space Agency - ESA) and Reinhilde Veugelers (Bruegel - Improving economic policy).   Europe cannot just imitate what is being done across the atlantic and the integrated vertical model cannot work here as we do not have billions to spend yearly. We need to build risk-sharing models, invest in really disruptive technologies such as propulsion (cost effective, efficient and reusable) and foster private-public partnerships for long term investment that give certainty to private investors if we want to compete in the global scale. Read more about our insights on funding Europe's space ambitions: https://lnkd.in/dS5fU6qN

For those interested in sensible 'space economics' made by actual economists, you can read the recent @OECD report on "Space Economy Investment Trends". You can also go to X/Twitter for my highlights. https://lnkd.in/er5BEEcD

New Post: Space: the next frontier of Canadian investment opportunity? - “Space is a domain of awe-inspiring exploration and discovery, but it’s much more than that. Space-based assets and services are now critical infrastructure,” says Scott Streiner, Senior Advisor at Deloitte Canada. “Strengthening Canada’s position in the space sector is a strategic imperative. For the sake of the country’s economic competitiveness and productivity, and to help ensure national security and essential services for citizens, Canada needs to bring energy and determination to the new space race.” Streiner says now is the time to act, and while much of the investment will be from government and large industry, there will likely be opportunities for retail investors too as firms boost their capabilities in the new global space race. It’s worth mentioning that the emerging technologies being deployed in space are not necessarily for out-of-this-world reasons. Improved GPS and broadband are just two everyday parts of Earth-based life that are already benefitting from satellite technology. But space exploration is another major part of the story with global government investment rising to $26 billion during 2023 and an expectation of a rise to $33 billion by 2032 according to global consultancy firm Euroconsult. “We are on the verge of a new era in space exploration marked by a paradigm of collaboration and competition. Establishing a sustainable lunar presence is the main global focus, while also maintaining a sustained LEO human presence,” said Natalia Larrea, director of Euroconsult USA. “This transformative era in space exploration is not limited to governments alone; the private sector is playing an increasingly significant role. Fueled by renewed interest in space exploration from governments worldwide, numerous companies are seeking to provide commercial services in space exploration,” #Space #frontier #Canadian #investment #opportunityhttps://lnkd.in/dWRneiQe

3 ideas to save the Luxembourg Space Agency program. The Luxembourg Space Agency (LSA) illustrates more than any other public entity the contradictions of our economic policies. Flashback: - On June 3rd 2016, Etienne Schneider and Xavier Bettel launched ,www.spaceresources.lu, with a bang! (Source: Space Policy Online https://lnkd.in/e9gZPUW8) - 8 years after, LSA is still hosted by the Ministry of Economy, so you need to check the Ministry's annual report to evaluate its "performance". Source: Government Page 101-110: https://lnkd.in/eKfriWWq - Otherwise, LSA offers this short 2022 video wrap-up 🤣: https://lnkd.in/eE4-4WJQ and this poster 😳: https://lnkd.in/eqs9V5Xs (Maybe the most expensive fancy poster ever produced "in the history of mankind" 😬) Key metrics: - 60 new Public and private actors - 700 new jobs since 2016. - 127 millions invested by the State from 2023 to 2027 in ESA programmes. I'll say it as diplomatically as I can: maybe after 8 years of 'stellar events' and worldwide networking, we should consider 'aborting' this programme. It was a good idea, but clearly, the take-off did not go according to plan. Before that, can I suggest 3 ideas to save the programme: *Financing Here is the official "Space Directory": https://lnkd.in/dzY98kPw Once you remove the public entities, the very old local companies, Uni satellites and the Post ecosystem, you have a few Start-ups left, many of which I have had coffee with. Several CEOs told me the same story: they thought that they would find VC funding in Luxembourg. They don't. And they struggle to open a bank account or get ESA funding they could get from Germany or France. The main focus seems to be the creation of a "legal framework". This idea simply reflects the importance of Law Firms in local lobbying after 30 golden years of "Investment Fund" legal services. Idea #1: Focus on PE and VC funding instead! (Where we have a full ecosystem of top companies with back/middle office presence) *Accountability Right now, LSA is mostly feeding a group of well paid employees and consultants. Vintage Luxembourg! Idea #2: Focus on your "clients": entrepreneurs. Help them open a bank account, hire, innovate, raise funds... and report every quarter the progress made: jobs created, funds raised, patents granted, contracts signed, etc *Governance Here the Board: https://lnkd.in/e5bTwir2 You can work night and day as a public servant: you need the precious experience from industry experts. Idea #3: Invite 3 experienced entrepreneurs to your Board. Can I suggest Peter Platzer? Omar Qaise 🛰? Roger Assaker? Long story short: the space landscape changed a lot in 8 years. SpaceX and China, became the space gatekeepers next to Russia. If space mining becomes a reality, they won't need Luxembourg. SES Satellites is already suffering from Starlink's competition. So let's find our place in this complex value chain. A financial place of course! Let's make it happen.

LEAVE SPACE COMMERCIALIZATION TO INDUSTRY “Obama brought capitalism to outer space.” However, according to Zubrin, this was entirely unintentional. “Obama wasn’t interested in space travel at all, he wanted to spend the money on social programs. When it was suggested to him that private companies should do what the government used to do, he replied: ‘Good idea.’” And that’s how Obama ended up promoting private space travel. Sometimes, clearly, the best outcomes are achieved when politicians have absolutely no interest in an issue." Europe needs a dual (market/defence) space strategic policy well integrated and consistently implemented.

After several months of research, writing, and editing, I am very pleased to announce the release of our POV on Canada’s Space Economy. It was an absolute pleasure working and learning from the team that contributed to this POV: Scott Streiner, Ph.D., FCIArb, ICD.D; Richard Noble; Shannon Lundquist; Nihar Dalmia; Sara Behjat; Melanie Kucykowicz, Eric Jackson; Josh Chong, Brian Gallant, Drew Cameron.   To see the future, we need to look up: satellites and other space-based assets and activities aren’t just sources of inspiration, but key contributors to competitiveness, connectivity, security, and the fight against climate change. To secure the future, we need to act: with the right mix of private sector innovation and smart public policy, Canada can have a $40 billion space economy by 2040. Learn more in Deloitte’s new report.

You have just a few hours left to register for the UK Space Agency's Edinburgh edition of the #spaceinvestmentforum taking place at Dynamic Earth on 30th Jan, 2024. Registrations close 5th January. You can register to participate here https://lnkd.in/e-hkUBX9 The Science and Technology Facilities Council (STFC) is pleased to be supporting this UKSA event which will bring #investors looking to enter or extend their positions in #deeptech investments in the space sector together with #innovators and SMEs seeking #investment in new and/or growth projects. The UK is now home to over 1,700 space businesses, and represents an enormous commercial opportunity for the investment sector in the UK and beyond. The UK Space Agency's Space Investment Forum exists to connect investors with the increasingly exciting and innovative space market, accelerating growth and catalysing investment into the UK space sector. The event includes opportunities for innovators and SMEs to pitch their business ideas directly to investors. Find out more at https://lnkd.in/dkmtdgSs #deeptechnology #investmentforum #spaceinnovators #investinspace Gemma W. | Alan Cross | Harwell Science and Innovation Campus | Sci-Tech Daresbury | UK Astronomy Technology Centre | ESA Business Incubation Centre United Kingdom | ESA Commercialisation Gateway

At a recent Space Council meeting in Brussels, European officials adopted a resolution to enhance the competitiveness of Europe’s space industry 🚀. This new resolution highlights ongoing initiatives like the EU’s Cassini program. It also emphasizes the need for increased investment from both public and private sectors, especially to support our vibrant small and medium-sized enterprises (SMEs). However, not everyone is celebrating just yet... Eurospace, a leading industry group, has voiced concerns that the resolution lacks decisive action and is calling for a comprehensive, European-wide industrial strategy for space. 🤜 They’re pushing for a plan with clear, actionable steps to tackle challenges and seize new opportunities. To make it more complex, the proposed EU space law - vital for establishing a solid regulatory framework - has been further delayed. This postponement leaves a significant gap, making it harder to create a stable environment for investment and innovation. While this resolution is a step in the right direction, it's clear that more robust measures and a cohesive strategy are crucial for propelling Europe’s space industry forward and securing its place on the global stage. What do you think? Is Europe on the right track, or do we need to push harder? Share your thoughts in the comments! 💬 #spaceindustry #EU #investment #spaceeconomy #eurospace #cassini

The Union Cabinet recently approved amendments to India’s space sector’s FDI policy, permitting up to 100% investment through liberalised entry routes. The policy changes align with India’s broader space goals, aiming to capture a more substantial share of the global space market, which currently stands at a modest 2%. Enhancing private sector involvement and self-reliance, this move sets foreign investment limits in the satellite sub-sector. Up to 74% investment is permitted under the automatic route for manufacturing and operating entire satellites, requiring government approval for amounts beyond. In addition, launch vehicles, systems, and spaceport creation now permit up to 49% FDI under the automatic route. While many luminaries in the sector like Skyroot Aerospace's Pawan Kumar Chandana and ISpA- Indian Space Association's Lt Gen AK Bhatt (Retd.) hailed the move, industry experts like Narayan Prasad, COO at satsearch, an online global marketplace for space and one of the co-founders of Dhruva Space, hold contrary views. Prasad emphasised that while FDI is a crucial aspect, it is just a small piece of the puzzle. He stated, “Because, in the end, investors are only interested once they see a flourishing market.” He highlighted the importance of demand, stating that the space industry sees demand when governments act as primary customers – a universal rule of thumb in the sector. He opined that the more important thing to discuss besides demand is how to enable up-and-coming space startups to become self-reliant. Read the full story: