Paul Eckert , Ph.D. International & Commercial Strategist The Boeing Company – IDS – Space Explorat Rutgers Symposium on Lunar Settlements 7 June 2007 New Brunswick, NJ Attracting Private Investment for Lunar Commerce: Toward Economically Sustainable Development Network & Space Systems Space Exploration
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Attracting Private Investment for Lunar Commerce: Toward Economically Sustainable Development
Network & Space Systems Space Exploration. Attracting Private Investment for Lunar Commerce: Toward Economically Sustainable Development. Rutgers Symposium on Lunar Settlements 7 June 2007 New Brunswick, NJ. Paul Eckert , Ph.D. International & Commercial Strategist - PowerPoint PPT Presentation
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Paul Eckert , Ph.D.International & Commercial StrategistThe Boeing Company – IDS – Space Exploration
Paul Eckert , Ph.D.International & Commercial StrategistThe Boeing Company – IDS – Space Exploration
Rutgers Symposium on Lunar Settlements7 June 2007New Brunswick, NJ
Attracting Private Investment for Lunar Commerce:Toward Economically Sustainable Development
Attracting Private Investment for Lunar Commerce:Toward Economically Sustainable Development
Increasing Investment While Increasing Investment While Reducing RiskReducing Risk
Ventures
EECCOONNOOMMIICC
GGRROOWWTTHH
Space Companies: Established
Space Companies: Established
Space Companies:
Startups
Space Companies:
Startups
Non-Space CompaniesNon-Space Companies
InvestorsInvestorsExperts/Partners:
Government, Academia,
Associations
Experts/Partners:
Government, Academia,
Associations
DemonstrationsDemonstrations
ResearchResearch
DialogueDialogue
ServicesServices
SurfaceSurface
PlatformsPlatforms
EnergyEnergy
InformationInformation
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Mu
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Ap
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En
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Attracting Private Investment7 June 2007 5
More private investment is essential for commercial growth.More private investment is essential for commercial growth.
Problems facing space commerce are financial as much as technical.
Commerce could lower costs and increase availability of products and services, but public funding has not been enough to get things started.
A strategic move is to bring more investors into space commerce.
“Angels” are most likely to be interested in early-stage, high-risk, high-opportunity projects; larger investors usually get involved later.
Angel investors: listen to other investors, more than to analyst reports or
entrepreneurial pitches prefer invitations from people they already know specialize and want opportunities expressed in familiar terms have many opportunities to choose from
Attracting Private Investment7 June 2007 6
Investors are telling uswhat they want.Investors are telling uswhat they want.
Space Investment Summit New York City – Financial District – 16 & 17 April 2007 Co-Hosts: Space Commerce Roundtable, Space Frontier Foundation Supporting Organization: National Space Society
Space Venture Finance Symposium Dallas TX - 24 May 2007 Host: National Space Society Supporting Organizations: Space Commerce Roundtable, Space
Frontier Foundation, and Others
Collaborative Investment Event California - Autumn 2007 Coalition: SCR, SFF, NSS, California Space Authority, Alliance for
Commercial Enterprises in Space (ACES), NASA Space Portal, Etc.
Attracting Private Investment7 June 2007 7
Investors want to manage risk.Investors want to manage risk.
Market Size & Breadth Risk that market will not be sufficiently large or accessible
Residual Value Risk of insufficient value remaining if project fails
Competitive Assessment Risk of competitors’ taking market
Funding Availability Risk that capital will be unavailable when required
Human Factors Risk that management team or staff will be inadequate
Technical Viability Risk that technical approach will prove ineffective
Legal/Regulatory Constraints Risk of adverse government action
Transportation is a market enabler.Transportation is a market enabler.
International Space Station (ISS) utilization could stimulate demand for transportation.
Transportation availability could encourage ISS utilization.
Fully commercial Earth-orbiting platforms are also in development, which could benefit from the ISS “first step.”
COTS is a NASA public-private partnership for commercial Earth-to-Orbit vehicle development, funding Rocketplane Kistler (RpK) & Space Exploration Technologies (SpaceX).
Many entrepreneurs view Earth-to-orbit transportation as a stepping stone to the Moon and beyond.
Robust ISS utilization could create sufficient demand for non-U.S. as well as U.S. transportation services.