NewSpaceVision – Fresh out the box: Updates about NewSpace in Europe #1

Dear NewSpaceVisionaries,

a lot is going on in the NewSpace sector nowadays and there are many opportunities in front of us. That is why we are planning to publish this content fortnightly in which we highlight a few NewSpace topics with a focus on the European Sector. This time we are going to focus on funding.
Feel free to share this new product! 🚀

NewSpace in Europe

Funding
Rocket launches are getting cheaper and cheaper. Orbex, a European space launch company based in UK, developed an innovative fuel tank architecture. The new technology could reduce the dry mass by 30% compared to traditional technologies. In July 2017 Orbex won the Horizon 2020 SME Instrument award.

Orbital Access brings objects into space in a different way. They will use a fully re-usable horizontal take-off launch system with maximum payloads of 500kg. They recently got a 200.000€ contract with ESA as part of its Two-Stage-To-Orbit (TSTO) technology program. Furthermore Orbital Access announced that they will open a headquarter in Malta in a few weeks. From a geographically perspective a wise decision.

ThrustMe is developing an electric propulsion that is more efficient than still existing ones. They claim to be able to double the thrust of a regular miniaturized electric propulsion system at only 40 percent the size. ThrustMe raised 1.7million€ from Kima Ventures and a collection of U.S. and European angel investors.

Current and NewSpace Business Fields
Source: BMWI

Around the Globe

A good message from Africa, especially considering a space topic. It makes me smile when I read that Ghanasat-1 was released from the ISS at the 7th July 2017. „It has opened the door for us to do a lot of activities from space,“ the product coordinator Dr Richard Damoah said. Hopefully there is still a lot to come.

Sometimes satellites collide, get lost or get destroyed. The debris could cause huge damage on other objects and some people are thinking about to pick up the particles. Astroscale, a Singapore based satellite services company got a €21.8mil injection. The company aims to make its efforts to clean up space debris into a commercial business in 2020.

Have you heard that Australia commissioned a review to develop a long-term plan to grow the Australian space industry sector? Here you will find an article discussing why Australia perhaps needs his own space agency.

Special

You are new into this big NewSpace topic? You need something that gives you an overview about the involved bigger companies? Bloomberg writes about the NewSpace Revolution and gives an insight look into Planet (Labs).


Every now and then we organize events. The next one is going to be the biggest one of them. On September 3rd from 10am to 5pm you will be able to meet i.a. the group behind Hybrid Airplane and you will see their h-aero flying.
We can’t tell you more yet. Details will follow soon.

On September 15th – 17th you should visit the INNOSpace Weekend. With Advisory from experts, Front End Developer and Marketing experts on site you can turn your idea into reality. To save 10% for the INNOSpace Weekend in Cologne go to www.innospace-weekend.de and use our promotional code „NewSpaceVision„.

To start inspired into the new week I would like to end this article with an awesome piece of art: Wanderers by Erik Wernquist.
Lean back, turn up the volume and switch to full screen.
I hope you will enjoy it as much as I do :).

Tell us what you think about our new product. We would love to hear your feedback! If you want to receive this content automatically once in two weeks sign up for our newsletter.

Your NewSpaceVisionary
Albrecht Köhler




The NewSpace Sector in Germany / Status of the German New Space Economy

An article by Sven Przywarra

The global space sector is going through profound changes. Ventures with innovative concepts are entering the market, backed by venture capital and often with a focus on the generation of data or vertical integration. A popular term for this development is NewSpace which was accelerated among other things by progress in miniaturisation, standardisation and activities from well-known billionaires and NASA.

What is the status of the German NewSpace Sector?

Where are companies which follow such an approach? The short answer is: The German NewSpace Sector is small and still in its infancy. You can count the few companies which are “NewSpace PurePlayers” on the fingers of one hand with “Components & Hardware” and “Earth Observation” as the two biggest groups. Within the first category protagonists are still following mostly relatively conservative business models but are more and more offering their products and services “off-the shelf” and to a fixed price, Berlin Space Technologies is a notable exception and an interesting example. OHB and Airbus are still trying to figure out how to incorporate the start-up idea into their companies. Within “Earth Observation” most of the companies analyse public satellite image libraries. Interestingly one of the most important acquisitions of the US American company Planet was a German-based company founded as RapidEye which now is the German branch of the NewSpace giant. (Thus, we see them as a part of the German NewSpace Ecosystem.)

Other smaller groups within the sector are “Navigation & Communication” which faces big international competition (e.g. OneWeb) and “Science & Ex-Orbit” with PTScientists as an endeavour backed by sponsors.

NewSpace Germany / New Space Germany

What is the reason for this situation?

Germany, with its excellent network of Universities and research institutes, has a perfect base for successful high-tech companies in this field but a lack in culture of starting up and difficulties in finding funding for such ambitious and risky business hinder the development of a strong sector.

There are signs and efforts for a change of the status quo. Numerous VC firms expressed their interest in investing in NewSpace companies, some of them made deals abroad. OHB as well as Airbus founded their own venture arms but notably investments in German Space StartUps are not known to us. It seems like the institutional site also wants to stimulate movements in this sector: StartUp Nights at the Federal Ministry for Economic Effairs and Energy and competitions for early stage projects on a national (InnoSpaceMasters) and European level (Copernicus Masters / Gallileo Masters) show small successes.

From our understanding at NewSpaceVision the lack in culture must be tackled at an even earlier stage: People must be educated about the grown opportunities and applications of space technology in the upstream (hardware) and downstream (software) market and individuals from different industries and backgrounds need to be connected and brought together over this topic to catalyse a free discussion and finally develop new use cases and businesses. With our events and the conference, we are trying to pursue that goal.

Actions need to be taken now to avoid the space market (after the internet) to be dominated by American companies only. For the benefit of a well flourishing market the last frontier should also be tackled by more NewSpaceVisionaries from Europe and Germany.

Disclaimer:

[This article was prepared and written by me in my personal capacity. The opinions expressed in this article are my own. I would be happy to receive your feedback! Feel free to contact me via direct message or via e-mail.]