Start-up Space Blasts Off

Bryce Space and Technology has produced a new report, Start-up Space: Update on Investment in Commercial Space Ventures.

Below is the executive summary. You can also download the full report.

Executive Summary

The Start-Up Space series examines space investment in the 21st century and analyzes investment trends, focusing on investors in new companies that have acquired private financing. Space is continuing to attract increased attention in Silicon Valley and in investment communities world-wide. Space ventures now appeal to investors because new, lower-cost systems are envisioned to follow the path terrestrial tech has profitably traveled: dropping system costs and massively increasing user bases for new products, especially new data products. Large valuations and exits are demonstrating the potential for high returns.
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Google Sells Terra Bella to Planet Labs

SAN FRANCISCO (Planet Labs PR) — Planet Labs is thrilled to announce that we have entered into an agreement with Google, wherein Planet will acquire the Terra Bella business including the SkySat constellation of satellites, and Google upon closing, will enter into a multi-year contract to purchase Earth-imaging data from Planet.

I can speak for everyone at Planet when I say that we’re incredibly excited about this opportunity. We’ve long admired what the team at Terra Bella has achieved and we think the SkySat constellation of 7 high resolution satellites is highly complementary to Planet’s existing medium resolution 60-satellite fleet. The former enable regular, rapidly updated snapshots of select areas of the globe at sub-meter resolution; the latter regular, global coverage at 3-5 meter resolution. The two systems under one roof will be truly unique and will enable valuable new capabilities.

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Google Could Sell Terra Bella to Planet Lab

planet_labs_logoIt looks as if Google’s foray into satellites could be short lived:

Alphabet Inc.’s Google is in talks to sell its satellite business to competitor Planet Labs Inc., a satellite-imagery startup that is seeking a new round of funding to help pay for the possible acquisition, according to people familiar with the talks.

The sale of its satellite-imagery unit, Terra Bella, would be a rapid about-face for Google, which has recently shed some of its bolder ventures. Google bought the company for $500 million in 2014, when it was known as Skybox Imaging.

Discussions about the possible acquisition, which were first reported by Bloomberg News on Monday, are focused on a possible cash plus equity deal, the people said. Planet, founded in 2011, is seeking to raise funds to help finance the deal and pay for continuing operations, one of the people said.

Read the full story.

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Terra Bella and Spaceflight Industries Sign Agreement for Falcon 9 Launch for Small Imaging Satellites

Falcon 9 launches the Dragon CRS-9 mission to the International Space Station. (Credit: NASA)
Falcon 9 launches the Dragon CRS-9 mission to the International Space Station. (Credit: NASA)

SEATTLE, Oct. 11, 2016 (Spaceflight Industries PR)Spaceflight Industries, a next-generation space company enabling access to space and redefining global intelligence, announced today that Terra Bella has signed an agreement with its launch services entity, Spaceflight, for a SpaceX Falcon 9 launch of Terra Bella SkySats.

Terra Bella will be the co-lead on Spaceflight’s SSO-A dedicated rideshare mission scheduled to launch from Vandenberg Air Force Base in California in late 2017.

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Space Angels Network Opposes Use of Surplus ICBMs to Launch Commercial Satellites

A Minotaur V rocket carrying NASA's Lunar Atmosphere and Dust Environment Explorer (LADEE) lifts off from at NASA's Wallops Flight Facility in Virginia on Friday, Sept. 6, 2013. (Credit: NASA/Chris Perry)
A Minotaur V rocket carrying NASA’s Lunar Atmosphere and Dust Environment Explorer (LADEE) lifts off from at NASA’s Wallops Flight Facility in Virginia on Friday, Sept. 6, 2013. (Credit: NASA/Chris Perry)

The Space Angels Network has sent the following letter opposing the use of surplus ICBMs for the launching of commercial satellites to the Senate Armed Services Committee.

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